About STPI-Chennai | Software Technology Park of India | Ministry of Electronics & Information Technology Government of India

Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology, Govt. of India has been set up with distinct focus to boost up Software export from the country.

STPI-Chennai became operational in June 1995 and started providing statutory services to STPI-registered units. From August 1999, STPI-Chennai was declared to function as an independent centre having jurisdiction over the State/UT of Tamil Nadu, Puducherry, and Andaman & Nicobar Islands. Today, STPI-Chennai has five sub-centres such as Coimbatore, Madurai, Puducherry, Tirunelveli, and Trichy. In FY 2023-24, STPI-registered units under STPI-Chennai jurisdiction contributed Rs. 80979 crore software exports. (Included exports from Chennai, Coimbatore, Madurai, Pondicherry, Trichy & Tirunelveli)

The Beginning

of Chennai

STPI-Chennai Centre become operational in June 1995 and started providing statutory services to IT /ITeS units registered under the STP Scheme and hardware manufacturing units under EHTP Scheme. From August 1999, Chennai Centre was declared to function as an independent Centre having jurisdiction over the State of Tamil Nadu, Puducherry, and Andaman & Nicobar Islands.

The Growth Booster in Tamil Nadu

The Role of STPI in the growth of the IT industry has been tremendous, especially in the case of start-up SMEs. STP scheme the catalyst The STP scheme is a 100 percent export-oriented scheme for the development and export of computer software, including export of professional services using communication links or physical media. This scheme is unique in its nature as it focuses on one product/sector, i.e. computer software. The scheme integrates the government concept of 100 percent Export Oriented Units (EOUs) and Export Processing Zones (EPZs) and the concept of Science Parks/Technology Parks, as operating elsewhere in the world.

New Initiatives

FinBlue

FinBlue a CoE in FinTech domain has been setup at STPI-Chennai with the support of MeitY, ELCOT-Govt of Tamil Nadu and STPI in the Year 2019. The CoE has been enabling a 360-degree robust support system for innovative FinTech startups by providing world-class incubation infrastructure with innovative labs, 10,000 sq. ft. incubation space at STPI-Chennai to accommodate 100 units of ready-to-work plug-and-play facility, access to FinBlue SandBox including APIs, Core Banking Software, Payment Gateways, Low-code Software, Business Analytical & Performance Monitoring Tools & Cloud Credits, and FinBlue Market Place, technical mentoring & support, academic & domain expertise, funding & investor interface, industry connect, networking & marketing. The Key Performance Indicators of FinBlue as on Jan-2025 Start-ups onboarded in the FinBlue Program is 61. Start-ups Readiness Level as per TRL Scale (Technology Readiness Level): 17 Start-ups are on Ideation / Validation Stage. 20 Start-ups are on Pre Revenue Stage. 24 Start-ups are on Growth Stage. Employment Generated - 1249 Revenue Generated - 73.04 Crores External Fund Raised - 24.45 Crores

STPI-Chennai's Sub-Centers:

STPI has expanded its presence pan-India since its inception in 1991 with 3 centres to disperse tech-driven entrepreneurship to Tier-II/III cities. Today, STPI has 67 centres of which 54 centres are in Tier-II/III cities. These centres have been playing a pivotal role in boosting IT/ITeS/ESDM exports from the respective region, generating employment, and fostering startups to develop software products.

Below timeline represents STPI-Chennai's Sub-centres along with their year of establishment