Last mentioned: 1d ago
Strategic Investment
Tamil Nadu government announces Rs 25 crore investment in Agnikul Cosmos.
Board Approval
TIDCO board approves ₹50 crore total investment for AgniKul and Raptee.
Official Handover
Minister TRB Rajaa hands over approval letters to CEOs Srinath Ravichandran and Dinesh Arjun.
Policy Enactment
TIDCO Startup Investment Policy 2025 is officially adopted to fund sunrise sectors.
Policy Launch
The TIDCO Startup Investment Policy 2025 is introduced to fund high-growth tech ventures.
Strategic Reimagining
Department of Industries begins restructuring TIDCO's role in the startup ecosystem.
TIDCO Established
The Tamil Nadu Industrial Development Corporation is formed to facilitate industrial growth.
The Tamil Nadu Industrial Development Corporation (TIDCO) has committed Rs 25 crore to Agnikul Cosmos to accelerate the development of its Agnibaan launch vehicle and a new 300-acre space campus. This investment, part of the 2025 Startup Investment Policy, positions the state as a primary hub for India's burgeoning private space sector.
The Tamil Nadu Industrial Development Corporation (TIDCO) has approved its inaugural investments under the 2025 Startup Investment Policy, committing ₹25 crore each to AgniKul Cosmos and Raptee Energy. This strategic move marks TIDCO's transformation into a 'venture catalyst' aimed at cementing the state's position as a global deep-tech and advanced manufacturing hub.