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Downstream spacetech is workhorse of India's space sector: Experts

Economic Times

Economic Times · 10m ago

Downstream spacetech is workhorse of India's space sector: Experts

The downstream spacetech market presents significant opportunities for the private sector, according to Nilesh M Desai, Director of the Space Application Centre. During the Bengaluru Space Expo, Desai emphasized the importance of tapping into the ground and user segments of the spacetech market, which transform space data into practical applications. He highlighted the potential for startups in areas such as geographic information systems (GIS), earth observation, space communication, and space navigation. The Indian government is also actively promoting the use of space data in industries, including decision support systems, mapping and monitoring applications, and disaster management solutions.

Related News

AIC T-Hub launches Space Tech incubation program for startups

IndianStartupNews

IndianStartupNews · 1y ago

AIC T-Hub launches Space Tech incubation program for startups

Hyderabad-based startup incubator T-Hub has launched a Space Tech Incubation Program in collaboration with Atal Innovation Mission (AIM). The program aims to revolutionize India's SpaceTech sector by nurturing 10 selected startups and providing them with grants, access to venture capitalists, mentorship from space industry experts, and insights from veteran spacetech entrepreneurs. The program also includes strategic partnerships with space agencies, investment bodies, and corporate companies to advance space technology in India.

Can India’s New Space Missions Launch The Country’s Spacetech Startups Into A New Orbit?

Inc42 · 9m ago

Can India’s New Space Missions Launch The Country’s Spacetech Startups Into A New Orbit?

- India's growing presence in space exploration attracts international partnerships and funds to the spacetech ecosystem. - The Venus Orbiter Mission and other space programs enhance the confidence of international investors and customers. - The collaboration between the government and private sector is paving the way for a thriving Indian spacetech ecosystem. - By 2030, the Indian spacetech market is projected to exceed $77 billion. - Increased investments and collaborations are driving innovation and growth in the Indian spacetech industry. - India's space exploration initiatives are transforming it into a global hub for spacetech innovation.

To Infinity & Beyond: Meet The 22 Spacetech Startups Winning The Space Race For India

Inc42 · 1y ago

To Infinity & Beyond: Meet The 22 Spacetech Startups Winning The Space Race For India

India's spacetech sector has witnessed significant growth, with approximately $233 million in funding raised by startups in the field. The Indian Space Research Organisation (ISRO) has registered over 100 spacetech startups, positioning India as a key player in the global space industry. The government's support, including funding, technology access, and infrastructure support, has contributed to this growth. The spacetech sector is projected to reach a market size of $77 billion by 2030. Several Indian spacetech startups are expected to drive further innovation and contribute to the growth of the industry.

National Space Day: Zerodha CEO Nithin Kamath bats for ’patient capital’ for spacetech startups. What is it? | Mint

Livemint

Livemint · 10m ago

National Space Day: Zerodha CEO Nithin Kamath bats for ’patient capital’ for spacetech startups. What is it? | Mint

India is celebrating its first National Space Day, and Nithin Kamath, the CEO of Zerodha, expressed his pride in India's homegrown space startups, such as AgniKul Cosmos and GalaxEye. Kamath emphasized the need for patient capital in the spacetech sector due to its cutting-edge research and technology requirements. He hopes that India will see more spacetech startups that make the nation proud. The government highlighted the rapid growth of the space sector, with over 300 startups emerging since its opening in 2020, contributing significantly to the economy and revolutionizing space exploration.

KickSky, SanchiConnect, Riceberg VC Team Up for Spacetech Boost

StartupTalky

StartupTalky · 1m ago

KickSky, SanchiConnect, Riceberg VC Team Up for Spacetech Boost

SanchiConnect has partnered with KickSky Space Lab, supported by Riceberg Ventures, to boost early-stage spacetech startups in India. This strategic collaboration aims to propel companies beyond the proof-of-concept stage by providing them with global market access and funding opportunities. Dr. Sunil Shekhawat from SanchiConnect expressed enthusiasm about advancing India's spacetech ecosystem. This initiative complements existing public support and seeks to create a global spacetech community for founders, investors, and industry experts.

India To Emerge As The Supplier Of Choice For Spacetech, Semiconductors: Lightspeed’s Hemant Mohapatra

Inc42 · 10m ago

India To Emerge As The Supplier Of Choice For Spacetech, Semiconductors: Lightspeed’s Hemant Mohapatra

India's space sector has seen significant growth and innovation in recent decades. From the establishment of ISRO to the upcoming Chandrayaan-3 mission, the country has made great strides. The space sector is now attracting attention from investors, who are eager to back innovative and long-term businesses in this field. The recent opening up of the sector to private entities has further fueled growth, with the establishment of IN-SPACe facilitating private sector participation. The Indian Space Policy 2023 has also provided momentum for the spacetech sector.

Dhruva Space to integrate solar panels on Pixxel's upcoming satellite fleet

IndianStartupNews

IndianStartupNews · 11d ago

Dhruva Space to integrate solar panels on Pixxel's upcoming satellite fleet

Dhruva Space, a Hyderabad-based spacetech startup, has partnered with Pixxel to integrate solar panels on Pixxel's satellite fleet. Dhruva Space, known for its Solis+ solar panels featuring high-efficiency GaAs solar cells, aims to enhance satellite power systems. This collaboration highlights India's growing space capabilities and aims to deliver high-resolution hyperspectral imagery. Positioned to strengthen India's space hardware ecosystem, this partnership is a signal of technological maturity and export readiness in the NewSpace sector.

Finance Ministry Notifies Amended FDI Rules For Spacetech Sector

Inc42 · 1y ago

Finance Ministry Notifies Amended FDI Rules For Spacetech Sector

India has implemented a liberalized foreign direct investment (FDI) regime for the space sector to support startups and companies in attracting investments. As of April 16, the amended rules allow for 100% FDI via the automatic route in certain segments of the space sector, subject to sectoral guidelines. The move aims to provide funding opportunities for research, development, and launching products and services within the spacetech industry. India is currently home to more than 150 spacetech startups that have raised over $285 million in funding since 2016. The Indian spacetech industry is projected to reach $77 billion by 2030.

Indian Spacetech Start-Ups Rank Seventh In Terms Of Global Funding

OutlookIndia

OutlookIndia · 1y ago

Indian Spacetech Start-Ups Rank Seventh In Terms Of Global Funding

India ranks seventh globally in space technology funding, with its space sector experiencing a surge in private sector participation. Funding for Indian space tech grew from $35 million between 2010 and 2019 to $112 million in 2022, reflecting a steady expansion amid macroeconomic fluctuations. The country's spacetech sector attracted $62 million in 2023, a 60% increase from the previous year. India's successful satellite launches, innovative companies like Skyroot and Pixxel, and achievements like Chandrayaan-3's moon landing have positioned the nation as a key player in the space industry.

Spacetech startup Digantara unveils 25,000-sq ft facility in Bengaluru

Economic Times

Economic Times · 1y ago

Spacetech startup Digantara unveils 25,000-sq ft facility in Bengaluru

Spacetech startup Digantara has opened its global headquarters in Bengaluru, which includes a command and control centre and cleanroom. The 25,000 square feet facility will serve as a satellite assembly, integration, and testing (AIT) facility. Digantara, backed by Peak XV Partners, plans to launch a constellation of space-based space surveillance satellites to address data inadequacies and provide innovative sensors and space operations solutions. The inauguration was attended by Indian Space Research Organisation (ISRO) chairman S Somanath and space situational awareness experts from 10 countries. The company has already signed up clients outside of India and government agencies in the defense sector.

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