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IN-SPACe launches scheme to provide seed funding to startups in urban development

IndianStartupNews

IndianStartupNews · 1y ago

IN-SPACe launches scheme to provide seed funding to startups in urban development

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has introduced a Seed Fund scheme to support startups utilizing space technology in urban development and disaster management. Startups selected for the scheme will receive up to Rs 1 crore in financial assistance, along with mentoring, training, and networking opportunities. The funding aims to help startups transform ideas into prototypes and leverage space technology. The last date for applications is December 20, 2023. Potential areas of innovation include urban planning, infrastructure management, telecommunication, climate monitoring, GIS, early warning systems, and search and rescue operations.

Related News

Cabinet Approves Bio-RIDE Scheme To Promote Biotech Startups

Inc42 · 9m ago

Cabinet Approves Bio-RIDE Scheme To Promote Biotech Startups

The Bio-RIDE scheme includes three components: Biotechnology Research and Development, Industrial and Entrepreneurship Development, and Biomanufacturing and Biofoundry. It aims to provide seed funding, incubation support, mentorship, and grants for R&D to bio-entrepreneurs. The number of biotech startups in India has significantly increased from 50 in 2014 to almost 6,000 last year, according to Union Minister Jitendra Singh.

MeitY unveils second cohort of Samridh scheme for startups

Economic Times

Economic Times · 10m ago

MeitY unveils second cohort of Samridh scheme for startups

The Startup Accelerators of MeitY for Product Innovation, Development and Growth (Samridh) scheme, launched by the Indian government, is set to support 125 startups through funding and mentorship. The scheme aims to nurture 300 startups and promote the growth of India's software product industry. Accelerators will provide funding of up to Rs 40 lakh and services such as product development, business planning, and investor connections. Applications are now open for existing and upcoming accelerators to become partners and provide accelerator programs for startups. The deadline for submission is October 2.

WeWork Labs Launches Early-Stage Startup Investment Program

Inshorts · 1y ago

WeWork Labs Launches Early-Stage Startup Investment Program

Coworking space provider WeWork India has launched a new investment program under its WeWork Labs initiative. The program aims to provide guidance, business support, and pre-seed and seed capital of up to $200,000 to selected startups. WeWork has partnered with co-investors including Chiratae Ventures, Waterbridge Ventures, and IIFL. The company plans to organize a roadshow series in Bengaluru, Gurugram, and Mumbai. WeWork Labs has previously incubated over 500 startups and currently has more than 330 active startup members.

India Accelerator launches vertical to spur innovation in robotics and space startups

YourStory

YourStory · 1y ago

India Accelerator launches vertical to spur innovation in robotics and space startups

India Accelerator has expanded its offerings with the launch of RUMS (Robotics, Unmanned & Space), a new vertical aimed at supporting startups in the robotic, unmanned aerial systems, and space industries. The accelerator plans to provide strategic assistance and funding of $10-15 million to early-stage startups with potential in these sectors. They have also appointed Lt Gen Anil Chait, an Indian Army veteran, as the chief advisor of the vertical. India Accelerator has previously invested $1 million in a deeptech startup in Bengaluru and has dedicated verticals focused on various sectors including energy, mobility, and sustainable development.

IIT Kanpur-incubated Noccarc raises funding from SIDBI to fuel healthcare innovation

IndianStartupNews

IndianStartupNews · 1y ago

IIT Kanpur-incubated Noccarc raises funding from SIDBI to fuel healthcare innovation

Noccarc, an Indian startup incubated at the Indian Institute of Technology, Kanpur (IITK), secured undisclosed funding from the Small Industries and Development Bank of India (SIDBI) under the SIDBI Seed Equity Support Scheme (S4-SIIC). The startup plans to utilize the investment to expand its operations and advance the development of a smart ventilator solution for the global market. Noccarc previously developed India's first indigenous ventilator during the COVID-19 pandemic and aims to bring innovative healthcare solutions to the critical care sector. The SIDBI scheme supports startups incubated at SIIC IIT Kanpur through equity-based seed fund support.

Commerce Ministry Likely To Seek More Funds To Boost Innovation In Startup Ecosystem : Report

Inc42 · 1y ago

Commerce Ministry Likely To Seek More Funds To Boost Innovation In Startup Ecosystem : Report

The government is expected to announce the Budget for 2024-25 in July. The Startup India Seed Fund scheme, which began in April 2021 with a total fund of INR 945 crore, is set to end in 2025. The scheme was launched to provide financial support to startups.

Over 1.5 lakh startups recognised by government till October

Economic Times

Economic Times · 7m ago

Over 1.5 lakh startups recognised by government till October

The Indian government has recognized over 150,000 entities as startups till October this year, according to a statement made in Parliament. The Startup India initiative, launched in 2016, aims to foster innovation, encourage private investments, and create a strong ecosystem for startups in the country. As part of this initiative, the government has implemented three flagship schemes - Fund of Funds for Startups, Startup India Seed Fund Scheme, and Credit Guarantee Scheme for Startups - to provide support to startups throughout their business cycle.

8i Ventures launches seed funding initiative 'Origami' to back early-stage startups

Economic Times

Economic Times · 1y ago

8i Ventures launches seed funding initiative 'Origami' to back early-stage startups

8i Ventures has launched Origami, a seed funding initiative targeted at early-stage entrepreneurs. The firm will provide investments in the range of $250,000 to $2 million for startups in the pre-seed to early revenue phases. The program, backed by $10 million from 8i Ventures' second fund, aims to support eight to ten startups this year. The firm has previously invested in fintech, consumer, and software sectors but is now open to investing in any sector to find innovative teams with clear insights.

IN-SPACe launches SBaaS, to boost private sector payload opportunities

Economic Times

Economic Times · 2m ago

IN-SPACe launches SBaaS, to boost private sector payload opportunities

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.

Karnataka unveils new accelerator programme to support 302 growth-stage startups

Money Control

Money Control · 8m ago

Karnataka unveils new accelerator programme to support 302 growth-stage startups

The Karnataka government has launched the Karnataka Acceleration Network (KAN), an accelerator program aimed at supporting growth-stage startups across the state, with a focus on regions outside of Bengaluru. KAN will provide mentorship, market access, and funding opportunities to nurture a vibrant startup ecosystem. The initiative is expected to benefit 302 startups over six cohorts within three years. The government has also launched ELEVATE 2024, a grant-in-aid seed fund scheme to support early-stage startups. Karnataka aims to solidify its reputation as a leading hub for innovation and entrepreneurship through these initiatives.

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