Isro announces incubation programme to groom space startups

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

In order to support the growing startups in India, Indian Space Research Organization (Isro) has announced its plans to set up incubators across the country to groom space startups. It will focus on startups building newer solutions in rocketry, communications satellites and applications leveraging remote sensing data.

This initiative will help Isro create a strong commercial ecosystem in the country to help the startups establish themselves and leverage their potential for commercial purposes.

Isro had previously engaged with several startups through its commercial arm Antrix Corps. The startups it had engaged with include Bellatrix Aerospace, a company building electric propulsion systems for satellites, Aniara Communications and Exseed Space, a part of a private consortium that assembles, integrates, and tests communications and remote sensing satellites, along with Satsure, an agri-analytics company.

K Sivan, chairman of Isro, said, “We are looking at multiple models for the incubators. Start (an incubator) on our own or engage existing technology incubators to groom these startups under Isro supervision.”

Now that Isro is looking to incubate startups to help them scale and exploit global opportunities, it will also be considering taking a stake in those startups, but the decision on the model hasn’t been finalized yet.

Isro plans to open incubators in six cities, these are expected to be opened close to Isro’s facilities that are spread across the country. Kerala, the location of Isro’s rocket research facility, has expressed interest in an incubator. While, Karnataka, location for Isro’s headquarter, has already included support for space startups in its aerospace policy.

This initiative will help Isro further its goals of making satellite manufacturing hub, apart from launching them from its soil. It aims to tap into a global opportunity of private firms building remote sensing and communication infrastructure for services that include high-speed internet services in the remote parts of the world.

On a global scale, other space agencies have also been involved with startups to boost innovation. While European Space Agency’s (ESA) business incubation centre ESA Space Solutions has incubated more than 600 startups in the last 20 years, the US space agency NASA and UK space agency have also worked with a number of startups.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Tata, Vedanta mining leases end in March; Govt for fresh auctions (Lead)

By Subhash NarayanNew Delhi, Sep 15 (IANS) In a setback for the mining industry, the government is set to...

Indian-American couple’s $250mn gift helps build US med college

By Arun KumarClearwater (Florida), Sep 15 (IANS) An India- American doctor couple's "impossible" dream to build a state-of-the-art medical college to advance healthcare in...

Neymar braves fan abuse to net injury-time winner for PSG

Paris, Sep 15 (IANS) Brazilian star Neymar Jr. braved abuses on his Paris Saint-Germain return to score a stunning winner and help the club...

US “maximum pressure” campaign aims at gov’t collapse:Iran

Tehran, Sep 15 (IANS) Iran's First Vice-President Eshaq Jahangiri said that "the United States seeks the collapse of Iranian government through maximum pressure campaign,"...

Aadhaar compulsory for new dealers from January

Bengaluru, Sep 15 (IANS) Verification of the unique identification number (Aadhaar) would be compulsory for new dealers from January 2020 to curb malpractices in...
- Advertisement -

More Articles Like This