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Rolling Equity Funding DPIIT required

TN Space Tech Fund by StartupTN

by StartupTN

Matching equity fund of up to Rs. 50 lakh for DPIIT-recognised space-tech startups in Tamil Nadu, covering satellite tech, GIS, AI for space, orbital logistics, and downstream space applications.

Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.
Who this is for
  • DPIIT-recognised Tamil Nadu startups working in space-tech verticals.

About this scheme

StartupTN invites applications for the Tamil Nadu Space Tech Fund, a dedicated initiative designed to support DPIIT-recognised startups building solutions in the space-tech domain.

The program operates as 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. This fund aims to accelerate commercialisation and scale for startups working on core or downstream space-tech applications, including satellite technologies, launch systems, GIS, AI for space, orbital logistics, and space data processing.

Who can apply

  • Startups must be registered in Tamil Nadu or willing to shift their registered office to Tamil Nadu before fund disbursement.
  • **Funding Status:** Must have a Lead Investor confirmed or must have raised funds in the last 12 months. Alternatively, having a letter of intent from an Investor is accepted.
  • Must have a Validated Proof of Concept (PoC) such as a prototype, pilot, lab validation, or test results.
  • Must be a DPIIT-recognised startup.
  • Must be working in defined space-tech verticals.

Eligible entity types: Private Limited, LLP, Partnership

Benefits & funding

Headline support

Up to Rs. 50 lakh

  • Milestone-based financial assistance via a 1:1 matching equity fund from a Rs.
  • The fund aims to accelerate commercialisation and scale for space-tech startups.

How the application process works

The journey below is informational, compiled from the official program guidelines. Applications are submitted directly with StartupTN, in your own name.

  1. 1

    Applications are reviewed by StartupTN against eligibility requirements , DPIIT recognition, validated PoC, and a confirmed lead investor or letter of intent.

  2. 2

    Shortlisted startups undergo an investment committee review before final selection.

  3. 3

    Approved startups receive milestone-based matching financial assistance on a 1:1 basis.

Want a second pair of eyes before you submit?IncorpX provides assistance for structuring proposals and organising the paperwork this process expects.
Official application

Ready to apply? Get the official link

Applications are submitted directly with StartupTN, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.

Free. IncorpX provides assistance for preparation; selection rests with StartupTN.

Frequently asked questions

How much funding does TN Space Tech Fund by StartupTN provide?

TN Space Tech Fund by StartupTN provides up to Rs. 50 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.

Is TN Space Tech Fund by StartupTN currently accepting applications?

Rolling applications, no fixed deadline. Always confirm the current window with the program authority before preparing your application.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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