TN Space Tech Fund by StartupTN
By StartupTN
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Quick Answer
Matching equity fund of up to ₹50 lakh for DPIIT-recognised space-tech startups in Tamil Nadu, covering satellite tech, GIS, AI for space, orbital logistics, and downstream space applications.
- Funding amount
- Up to ₹50L
- Funding type
- Equity
- Provider
- StartupTN
- Application deadline
- Rolling
- Location
- Tamil Nadu
- Registrations needed
- DPIIT recognition
About this funding program
DPIIT-recognised space-tech startups in Tamil Nadu can apply to the Tamil Nadu Space Tech Fund from StartupTN. It is a matching equity fund with a total corpus of Rs. 10 Crore. Shortlisted startups can receive milestone-based financial assistance on a 1:1 funding match basis.
The fund covers satellite technologies, launch systems, GIS, AI for space, orbital logistics and space data processing. Startups must be registered in Tamil Nadu, or willing to shift their registered office there before funds are paid out.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Funding providers
StartupTN is the Tamil Nadu government's startup and innovation mission. Its formal name is the Tamil Nadu Startup and Innovation Mission, usually shortened to TANSIM, and it sits under the Department of Micro, Small & Medium Enterprises, Government of Tamil Nadu. It works out…
Learn moreBenefits & Funding
- Amount
- Up to ₹50L
What You Get
Milestone-based financial assistance via a 1:1 matching equity fund from a Rs. 10 Crore corpus. The fund aims to accelerate commercialisation and scale for space-tech startups.
- Disbursement
- Milestone Based
Timelines & Process
Applications
Rolling basis
Selection Process
Applications are reviewed by StartupTN against eligibility requirements — DPIIT recognition, validated PoC, and a confirmed lead investor or letter of intent. Shortlisted startups undergo an investment committee review before final selection. Approved startups receive milestone-based matching financial assistance on a 1:1 basis.
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Who is eligible for the TN Space Tech Fund?
DPIIT-recognised startups working in space-tech verticals are eligible. The startup must be registered in Tamil Nadu or willing to shift its registered office there before fund disbursement. A validated PoC (prototype, pilot, lab validation, or test results) and a confirmed lead investor or investment raised in the last 12 months (or a letter of intent from an investor) are required.
Is this a grant or equity investment?
The TN Space Tech Fund is a matching equity fund, not a grant. It co-invests alongside a confirmed lead investor on a 1:1 funding match basis. Equity is given in exchange for the investment.
What is the maximum investment a startup can receive?
The fund can invest up to ₹50 lakhs per startup (based on the fund corpus of ₹10 crore and the 1:1 matching structure). Confirm the exact per-startup cap with StartupTN.
What space-tech verticals are covered?
The fund covers satellite technologies, launch systems, GIS, AI for space applications, orbital logistics, and space data processing, among other core and downstream space-tech domains.
Does my startup need to be currently registered in Tamil Nadu?
Not necessarily at application stage, but the startup must shift its registered office to Tamil Nadu before the fund is disbursed. Being willing to make this shift is a mandatory condition.
Can a startup without an existing investor apply?
If you do not yet have a confirmed lead investor or investment in the last 12 months, you may still apply if you have a formal letter of intent from an investor. Startups without any investor interest are currently not eligible.
Sources
Data on this page is compiled from official program and provider references.
