The two-day Global Startup Summit in Coimbatore was a “huge success,” with investment commitments totaling ₹127 crore, the government announced on Saturday.
The event set the stage for Tamil Nadu’s ambition to become a $1-trillion economy by 2030, according to a press release.
Held at the Coimbatore District Small Industries Association (CODISSIA) grounds, the summit featured 21 country pavilions, and 23 MoUs were signed alongside investment commitments worth ₹127 crore from various companies, the release stated.
“Several more MoUs are expected to be signed in the coming months,” it added.
Organized by StartupTN, the Global Startup Summit highlighted Tamil Nadu’s innovative industrial ecosystem to a global audience.
Chief Minister M. K. Stalin inaugurated the summit on October 9 and launched the fund-of-funds initiative with an allocation of ₹100 crore, the release noted. Under this initiative, the state government will invest in venture capital funds, which will then back startups operating in Tamil Nadu.
During the event, the chief minister also released the ‘Tamil Nadu Startup Ecosystem Strategic Roadmap Report 2035.’
The government highlighted that 72,278 people attended, making it one of the largest startup conferences ever held in Coimbatore. The summit drew 115 investors, while 453 budding entrepreneurs showcased their ventures.
Among the MoUs signed with the state government were agreements with Link Innovations (France), RXN Hub (Canada), and Asia Berlin (Germany). Several corporate firms also inked agreements with the government during the summit, the release added.
The Global Startup Summit in Coimbatore not only attracted significant investment commitments worth ₹127 crore but also reinforced Tamil Nadu’s position as a hub for innovation and entrepreneurship. With record attendance, active participation from international investors, and strategic MoUs signed, the summit has therefore laid a strong foundation for the state’s vision of becoming a $1-trillion economy by 2030. Moreover, the event showcased the vibrant startup ecosystem, while also fostering global collaborations and ultimately setting the stage for sustained growth and innovation in Tamil Nadu’s entrepreneurial landscape.
