Coimbatore-based startup incubator Aalamaram, powered by GoZen.io, held its first Demo Day recently to celebrate the 23 startups it has successfully nurtured and to showcase the offerings of these startups.
The event had the participation of Sridhar Vembu, Co-Founder of Zoho Corp; Ambi Moorthy, CEO, GoZen.io and Aalamaram and various startup founders and investors.
Speaking to the press and media, Ambi Moorthy said that Aalamaram was founded in 2022 to support startups by offering them valuable mentorship, besides a good workspace.
Moorthy shared that they give opportunities to first-generation entrepreneurs who come from rural parts of Tamil Nadu.
So far, 23 startups have been nurtured by Aalamaram, and these startups have created 200+ jobs. Out of the 23 startups, 5 are founded by women.
Sridhar Vembu said, these startups should be nurtured in a big way so that billion-dollar enterprises could stem from them. He said he is very happy to see that a startup incubator from Coimbatore is nurturing these startups.
He said that similar startup incubators should be set up in all districts of Tamil Nadu.
Moreover, he emphasised that the Indian Government should consider further simplifying GST filing and procedures for receiving funds and loans.
