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StartupTN CEO Exit Leaves TN Startup Policy in Limbo
StartupTN CEO Sivarajah Ramanathan resigns; no successor named. The leadership gap threatens seed fund disbursement and policy continuity as Tamil Nadu trails Karnataka and Maharashtra in startup growth.
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Sivarajah Ramanathan, the professional CEO of StartupTN appointed by the previous DMK government, has resigned. The state government issued a relieving order earlier this week. A successor has not been named.
Ramanathan confirmed his exit without giving specific reasons. He said he would continue working on entrepreneurship development across the state. Sources told businessline the move is part of the new TVK government's review of schemes and bodies set up by the prior administration. The state MSME department did not respond to queries.
The absence of a new CEO creates uncertainty for the nodal agency that manages seed funds and grants under programs like TANSEED and TANFUND. “For an area like entrepreneurship development, policy continuity and dedicated leadership is important, and hopefully a new appointee will be announced soon,” a Tamil Nadu startup ecosystem stakeholder said.