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Global Tamil Angels platform launched in Tamil Nadu for startups

Published on January 10, 2023
Current Context: The Tamil Nadu Startup and Innovation Mission and FeTNA International Tamil Entrepreneur Network together conducted the "Global Startup Investors Summit," where the Global Tamil Angels platform was unveiled on Monday.
Global Tamil Angels platform launched in Tamil Nadu for startups
  • StartupTN's platform enables the global Tamil diaspora to connect with start-ups in Tamil Nadu that are looking for investors.
  • Starting a profile on the Global Tamil Angels website is the first step for startups. They will have to upload their pitch deck, revenue model, traction, and funding objectives and provide some basic company information. Their profiles will be made public on the web and accessible to investors for investment after being verified by StartupTN. Founders can also browse a customized list of investors and issue invites to begin investment negotiations.
  • Announcement of American Tamil Fund:
    • The Global Startup Investors Summit also saw the introduction of the American Tamil Fund (ATF). Before December 2023, the ATF, composed of investors from the Tamil diaspora in the US, promised to spend INR 16 crore (about $2.2 million) on start-ups in Tamil Nadu.
  • Investment Promotion in Tamil Nadu:
    • MK Stalin, the chief minister of Tamil Nadu, addressed the occasion and emphasized how well the state's businesses had attracted investment. He pointed out that last year, investments in Tamil Nadu-based companies hit an all-time high of $1.5 billion, up 70% from 2021.
    • Stalin urged the international Tamil investor community to participate in the different state government programs.

Question: 

Q.1 Where was Global Startup Investors Summit conducted?
a. Tamil Nadu
b. Goa
c. Gujarat
d. Rajasthan
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