IN-SPACe selects 3 start-ups for funding under its Technology Adoption Fund scheme

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has announced the selection of three Indian start-ups as the first recipients of funding under its Technology Adoption Fund scheme. The selected companies are Bengaluru-based Astrobase Space Technologies, SatSure Analytics India, and Hyderabad-based TM2SPACE Technologies. Each startup will focus on developing critical space technologies: Astrobase will work on a high-thrust closed-cycle liquid rocket engine for space launch vehicles, SatSure will build a large Earth observation model (LOM) to serve as India’s foundational AI platform for remote sensing, and TM2SPACE will develop an indigenous AI-powered star tracker system for satellite pointing accuracy in high-resolution imaging and communication missions. The funding is designed to support Indian industries in absorbing, adapting, and commercializing advanced space technologies. The start-ups were chosen after a multi-stage evaluation process involving experts from ISRO, the Department for Promotion of Industry and Internal Trade, the Department of Science and Technology, academic institutions, and IN-SPACe. Dr Pawan Goenka, chairman of IN-SPACe, stated that the fund aims to bridge the gap between early-stage development and commercial success by empowering the private sector to work on cutting-edge space technologies. The Technology Adoption Fund scheme is part of India’s broader efforts to foster innovation in the space sector by leveraging private sector expertise. The selected start-ups will now proceed with their respective projects, contributing to India’s growing capabilities in space technology. This initiative underscores the government’s commitment to promoting a robust space ecosystem through public-private partnerships.