India, Oct. 11 -- Tamil Nadu chief minister MK Stalin announced the setting up of an INR 100 Cr Co-Creation Fund during his address at the inauguration ceremony of Tamil Nadu Global Startup Summit 2025 (TNGSS) in Coimbatore.

The Co-Creation Fund, which is a fund of funds (FoF), will be managed by StartupTN, the state government's flagship startup mission.

The FoF will invest in the funds of VC firms that invest in startups based in Tamil Nadu.

"This initiative will lead to the creation of new venture capital firms in Tamil Nadu and help attract leading global investment firms to the state," the chief minister said, calling the FoF a bridge between local talent and international capital.

During his speech, Stalin chronicled the rise in...