IN-SPACe announces pre-incubation programme for space startups

IN-SPACe announces pre-incubation programme for space startups


Chennai-based private space technology start-up Agnikul Cosmos test-fired the Agnibaan rocket. Start-ups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) on or after July 1, 2022 are classified as early-stage start-ups.

Chennai-based private space technology start-up Agnikul Cosmos test-fired the Agnibaan rocket. Start-ups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) on or after July 1, 2022 are classified as early-stage start-ups. | Photo Credit: Photo for representation only

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has launched a Pre-Incubation Entrepreneurship (PIE) Development Programme to support and nurture early-stage space startups.

IN-SPACe is an autonomous nodal agency under the Department of Space.

According to IN-SPACe, the PIE Development Programme will develop and empower the next generation of space technology innovators, providing them with the tools and guidance needed to turn their space dreams into reality.

The 21-month program will guide aspiring entrepreneurs through a comprehensive journey, divided into distinct stages of ideation, innovation, and prototype development. The program will ensure that budding entrepreneurs get structured support at each crucial stage of growth.

Dr. Pawan Goenka, Chairman, IN-SPACe, said, “India’s space sector is poised for rapid growth, and young entrepreneurs are key to driving this expansion. The PIE programme will provide a launchpad, equipping them with not just technical expertise but also the business skills needed to navigate the complexities of the space industry. Early-stage support will help unlock the potential of innovative minds and contribute to India’s leadership in the global space industry.”

The PIE programme will help young entrepreneurs transform their innovative ideas into prototypes by fostering a collaborative learning environment that will provide participants an opportunity to connect and learn from experienced mentors selected from leading research institutes, incubators, academia, and key space industry players.

Direct access to industry leaders and subject matter experts will provide invaluable insights, feedback and networking opportunities. This will foster a culture of innovation among entrepreneurs, drive scientific advancements that will generate socio-economic benefits, contribute to broader economic growth and create new employment opportunities in India's space sector.

According to the program guidelines, applicants must be Indian citizens graduating in 2024, or have already graduated, must not have received any grants, funding or monetary support from private or government schemes, and all submissions must be original work. Startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) on or after July 1, 2022 are classified as early-stage start-ups.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Enable Notifications OK No thanks