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In-SPACe launches $58 million fund to boost startups, cut reliance on imports
Economic Times
·
5m ago
Medial
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has launched a $57.58 million fund to aid early-stage space tech commercialization and reduce import reliance. This Technology Adoption Fund aims to bolster India's position in the global space market by connecting government and private sectors, offering up to 60% funding for startups and small businesses. The initiative complements the government's focus on privatization to attract global investments, reflecting market trends in the US and Europe.
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IN-SPACe launches Technology Adoption Fund to support spacetech startups
YourStory
·
5m ago
Medial
The Indian National Space Promotion and Authorization Centre (IN-SPACe) has launched the Technology Adoption Fund to support startups in the spacetech industry. The fund offers financial assistance covering up to 60% of project costs for startups and MSMEs, and up to 40% for larger companies, with a maximum of Rs 25 crore per project. Alongside financial aid, it provides technical guidance and mentoring to propel the commercialization of space technologies and reduce reliance on imports.
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India's space regulator launches $58 mn fund to boost startups
VCCircle
·
5m ago
Medial
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) launched a 5 billion rupee ($57.58 million) fund to aid early-stage space technologies in commercializing and reducing import reliance. The Technology Adoption Fund aims to connect government bodies with the private sector, positioning India as a reliable partner in the global space market. It offers financial support up to 60% for startups, enhancing India's commercial space industry and attracting global players.
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ISRO transfers 10 key space technologies to Indian firms - The Economic Times
Economic Times
·
1m ago
Medial
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has facilitated the transfer of ten key space technologies from ISRO to six Indian companies, aiming to boost industry participation and reduce reliance on imports. These technologies include precision navigation tools, ground station solutions, geospatial models, and a flameproof coating. This move is expected to enhance India's space industrial ecosystem and support innovation in critical areas such as satellite navigation, launch systems, and geospatial intelligence.
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IN-SPACe launches SBaaS, to boost private sector payload opportunities
Economic Times
·
3m ago
Medial
The Indian National Space Promotion and Authorization Centre (IN-SPACe) launched the Satellite Bus as a Service (SBaaS) initiative to enhance private sector involvement in satellite development. This initiative aims to provide modular small satellite platforms designed by Indian non-governmental entities, easing access for startups and private players. Through a two-phase rollout, it seeks to boost innovation and reduce import reliance, ultimately positioning India as a global service provider for small satellite bus and payload services.
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India approves $119 million fund for space startups
Economic Times
·
9m ago
Medial
The Indian government has approved a 10 billion rupee ($119 million) fund to support the country's growing space sector. The fund aims to benefit 40 startups and help India secure a significant share of the commercial space market by 2033. Funding amounts will range from 100 million to 600 million rupees, depending on the maturity of each startup. The government expects the fund to generate employment, boost space technology development, fortify supply chains, and support research and development. The fund will be managed by the Indian National Space Promotion and Authorisation Centre, and it is part of the government's efforts to increase India's market share in the space industry.
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Government gives nod to $119 mn spacetech fund
VCCircle
·
9m ago
Medial
The Indian government has approved a $119 million fund for the country's space sector, with 40 startups set to benefit. The funding, ranging from $1.3 million to $7.9 million depending on the startup's maturity, aims to generate employment, boost space technology development, strengthen supply chains, and support research and development. India, currently holding only a 2% market share of the commercial space sector, is striving to increase its share to $44 billion by 2033. The country currently has nearly 250 space startups, many of which focus on providing cost-effective services and hardware for various sectors.
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Despite Govt Push, Coal Imports Likely to Remain Strong at 250 MT by 2030: S&P
OutlookIndia
·
2m ago
Medial
India is expected to maintain a significant dependency on imported coal, projected at 250 million tons by 2030, despite government initiatives to reduce imports. The non-power sector will contribute heavily to this demand, while power plants continue to import 60-80 million metric tonnes annually. Challenges like domestic coal's high ash content and transportation issues enhance import reliance. The government's initiatives aim to boost local production but imports remain crucial due to quality and logistic factors.
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Coal Import Drop of 9.2 % in Apr-Feb Helps Save Rs 53,138 Crore in Foreign Exchange
OutlookIndia
·
2m ago
Medial
India's coal imports decreased by 9.2% in the April-February period of 2024-25 to 220.3 million tonnes, saving approximately Rs 53,138 crore in foreign exchange. The non-regulated sector experienced a sharper decline, with coal-based power generation increasing slightly by 2.87% while imports for thermal power plant blending dropped by 38.8%. This development underscores India's efforts to boost domestic coal production, reduce import reliance, and achieve self-sufficiency in coal production.
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Together Fund launches venture building programme to double down on AI-first founders
Economic Times
·
5m ago
Medial
Together Fund, co-founded by Girish Mathrubootham and Manav Garg, has introduced Together AI Studio, a program aimed at supporting AI-centric startups. The initiative offers up to $1 million in funding and a 12-week structured program including a US immersion. It targets AI-driven solutions in various sectors like healthcare, security, and frontier areas. This aligns with their plan to invest significantly in AI, expecting to close a $150-million fund supporting 19-20 startups in this space.
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Space industry funding in India falls 55% in 2024, may pick up this year
VCCircle
·
7m ago
Medial
In 2024, funding for India's space industry dropped by 55% to $59.1 million, contrasting a global decline of 20%. This marks the first decline in at least five years, according to Tracxn. Despite high-profile missions like the Chandrayaan-3 lunar landing, total funding for Indian space startups over the past five years reached $354 million. A government fund aims to boost investment, with expectations of a rebound in 2025 as companies reach crucial milestones.
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