Last mentioned: 1d ago
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.
TIDCO Investment
Tamil Nadu government approves ₹25 crore equity investment in AgniKul and Raptee.
Policy Enactment
TIDCO Startup Investment Policy 2025 is officially adopted to fund sunrise sectors.
SOrTeD Mission Prep
AgniKul prepares for its first sub-orbital technological demonstrator launch.
Strategic Reimagining
Department of Industries begins restructuring TIDCO's role in the startup ecosystem.
Agnilet Engine Test
Successfully test-fires the world's first single-piece 3D-printed rocket engine.
AgniKul Founded
AgniKul Cosmos established at IIT Madras to develop small satellite launch vehicles.
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.
The Tamil Nadu Industrial Development Corporation (TIDCO) has committed ₹25 crore each to space-tech pioneer AgniKul Cosmos and EV startup Raptee Energy. This strategic capital injection, delivered by Industries Minister TRB Rajaa, reinforces the state's ambition to lead India's aerospace and advanced mobility sectors.