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More testing facilities, regulatory framework crucial for space tech startups: ISpA chief

Economic Times

Economic Times · 8m ago

More testing facilities, regulatory framework crucial for space tech startups: ISpA chief

Startups in the space tech sector are hindered by the lack of accessible and affordable testing facilities, according to AK Bhatt, Director General of the Indian Space Association (ISpA). He emphasized the need for a regulatory framework to support the industry's goals and highlighted the high costs and limited availability of testing facilities as challenges faced by startups. Bhatt also discussed the need for a space activity bill to define the regulator and ensure adequate insurance coverage. He mentioned India's aim to increase its share in the global space economy and the recent approval of a Rs 1,000-crore venture capital fund to support space sector startups.

Related News

Indian space startups dock in for a slice of American pie

Economic Times

Economic Times · 3m ago

Indian space startups dock in for a slice of American pie

Indian space tech startups are increasingly establishing a presence in the US, with companies like Bellatrix Aerospace, Pixxel, and Digantara setting up offices and manufacturing units. This expansion is aimed at accessing the $237 billion US space economy, building credibility, and navigating regulatory challenges. Firms believe that a local presence is crucial due to the dual-use nature of space technology. This move helps create local value and offers access to more opportunities.

Agile Space Industries fires up Animas test stand to meet soaring demand

TechCrunch · 1y ago

Agile Space Industries fires up Animas test stand to meet soaring demand

Colorado-based startup Agile Space Industries is addressing the lack of facilities for testing rocket and spacecraft engines by operating two test stands, Sunshine and Animas. Sunshine was established in 2010 and Animas, which was recently inaugurated, is the only commercial facility capable of vacuum testing hypergolic engines weighing up to 6,000 pounds. The modular design of Animas allows for a range of test campaigns, from early prototype to qualification and acceptance testing. The availability of testing facilities earlier in the development process is advantageous for space ventures as it minimizes costly setbacks and improves schedule predictability.

IN-SPACe link to experiments by startups in space

Economic Times

Economic Times · 6m ago

IN-SPACe link to experiments by startups in space

India's PSLV rocket will host 24 experiments from ISRO and non-government entities (NGEs), offering startups an opportunity to conduct space research. Supported by IN-SPACe, these include seed germination experiments, green propulsion systems, and AI labs. The Ahmedabad-based center provides technical assistance, testing facilities, and mentorship. Highlights include studies from Amity University, Bellatrix Aerospace, and GalaxEye Space Solutions, fostering innovation and collaboration in India's space sector.

Mint Primer: Why India needs to make inroads into deep tech

Livemint

Livemint · 6m ago

Mint Primer: Why India needs to make inroads into deep tech

Deep tech, which encompasses groundbreaking innovations in science and engineering, is gaining momentum globally. In India, while the startup ecosystem has traditionally focused on consumer and internet ventures, a shift is occurring towards deep tech startups. These startups are attracting more capital, with areas such as space tech, biotech, and climate tech witnessing rapid growth. Despite this, India still faces challenges in building a supportive ecosystem, ensuring faster time to market, and closing the funding gap with other countries. Collaboration between academia, government, investors, and companies is crucial for success in the deep tech sector.

India plans 25 small satellite launches annually with three SSLVs: IN-SPACe chairman

Economic Times

Economic Times · 4m ago

India plans 25 small satellite launches annually with three SSLVs: IN-SPACe chairman

India plans to have three fully operational small satellite launch vehicles within a year, capable of launching 25 satellites annually, boosting its position in the global space market. Priorities include small satellite launches, manufacturing, and ground stations. While there are challenges, such as the lack of commercial ground stations and a regulatory framework, India aims for a $44 billion space economy by 2033. The focus is on fostering innovation, investment, and creating successful space startups.

IN-SPACe appoints Sidbi Venture Capital to manage Rs 1,000 crore spacetech fund

Economic Times

Economic Times · 3m ago

IN-SPACe appoints Sidbi Venture Capital to manage Rs 1,000 crore spacetech fund

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has appointed Sidbi Venture Capital Limited to manage a Rs 1,000 crore venture capital fund supporting space tech startups in India. Aimed at providing crucial capital, the fund targets 40 startups across the space supply chain over five years. It offers Rs 10-60 crore to startups at different growth stages, with hopes to generate employment, spur R&D, and significantly grow India's space economy within a decade.

ISRO gears up for last mission of 2024, to experiment with 24 payloads

Economic Times

Economic Times · 6m ago

ISRO gears up for last mission of 2024, to experiment with 24 payloads

The Indian Space Research Organisation (ISRO) is preparing for its final mission of the year, the SpaDeX mission, which will launch 24 scientific experiments into space on December 30. The experiments will be deployed aboard the PSLV Orbital Experiment Module-4 (POEM-4), using the leftover fourth stage of the rocket. This will allow scientists to test new ideas and technologies in space instead of the stage becoming space debris. The payloads include projects from ISRO, research facilities, academia, and startups, aiming to study various aspects of science and engineering. Additionally, the mission aims to demonstrate the ability to dock two small spacecraft, a crucial step for future lunar missions.

Fostering innovation to drive growth for new-age industries

Economic Times

Economic Times · 10m ago

Fostering innovation to drive growth for new-age industries

India's digital ecosystem is driving the country's economic growth, with new-age technology industries leading the way. Deloitte predicts that India will contribute $254 billion to the global technology sector by 2024. Fintech, e-commerce, AI, and web3 technologies have seen significant growth, but regulatory uncertainties remain a challenge. Light-touch regulation, balancing user safety and fostering innovation, is crucial for the industry's growth. India can learn from telecom and insurance industries to create a regulatory framework that supports new-age industries. Regulatory clarity and predictability are essential for the industry's success. A co-regulatory framework and a regulatory or self-regulatory body can ensure agile response and maintain the confidence of investors and consumers.

Britain says makers, not car owners liable for self-driving crashes

Economic Times

Economic Times · 1y ago

Britain says makers, not car owners liable for self-driving crashes

Britain has announced that the makers, rather than the owners, of self-driving cars will be legally liable for any crashes, according to a framework for developing autonomous vehicles. This move has been welcomed by insurers and autonomous vehicle startups. The UK government also plans to introduce the Automated Vehicles Bill in support of the safe commercial development of emerging industries. Establishing legal liability and regulatory frameworks are crucial to winning public acceptance and ensuring safety in the self-driving industry.

Rocket Report: SpaceX to make its own propellant; China’s largest launch pad

Arstechnica

Arstechnica · 5d ago

Rocket Report: SpaceX to make its own propellant; China’s largest launch pad

The Rocket Report discusses key developments in the space industry, including SpaceX's approval to build a propellant plant at Starbase to enhance propellant production efficiency. The United Launch Alliance is preparing its Vulcan rocket for a crucial upcoming launch. Other highlights include ESA's funding allocation to five European launch startups, Japan’s Interstellar Technologies’ expansion ambitions, South Korean company Innospace’s rocket testing, and SpaceX’s efforts to mitigate delivery challenges with a new air separator facility. These advancements depict a dynamic and evolving global space sector.

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