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Space diversity initiative builds steam with new leadership and K-12 focused National Space Day

TechCrunch · 1y ago

Space diversity initiative builds steam with new leadership and K-12 focused National Space Day

Space Workforce 2030, an initiative aimed at increasing diversity in the space industry, has announced its first results and a new occasion to promote its mission: National Space Day on May 3. The joint effort by the Space Foundation and Aerospace Corporation focuses on transparent reporting of workplace demographics and collaboration to diversify the industry. Melanie Stricklan, the new executive director, highlights the importance of building a diverse talent base. The initiative plans to collect and analyze data to establish a baseline and identify areas for improvement. They also emphasize the need to engage K-12 students in space-related education.

Related News

National Startup Day 2025: Union minister Piyush Goyal reflects on nine years of ‘Startup India’

Economic Times

Economic Times · 6m ago

National Startup Day 2025: Union minister Piyush Goyal reflects on nine years of ‘Startup India’

Celebrating National Startup Day 2025, India reflects on the impact of the ‘Startup India’ initiative, launched in 2016 to support entrepreneurs and innovation. Over nine years, the number of startups surged from 502 to over 1.54 lakh, creating significant job opportunities and promoting diversity with nearly half having women directors. Substantial government support and progressive policies have helped expand the ecosystem, including introducing the Bharat Startup Knowledge Access Registry, fostering growth in sectors like agritech, space, and biotech.

"Space programs under his guidance brought global recognition to India's efforts": PM Modi on ex-ISRO chairman K. Kasturirangan

Economic Times

Economic Times · 3m ago

"Space programs under his guidance brought global recognition to India's efforts": PM Modi on ex-ISRO chairman K. Kasturirangan

Prime Minister Narendra Modi paid tribute to former ISRO Chairman Dr. K. Kasturirangan, lauding his leadership that brought global recognition to India's space efforts. Modi highlighted Kasturirangan's role in advancing the Polar Satellite Launch Vehicle and shaping the National Education Policy. Kasturirangan's focus on innovation and forward-looking education was inspiring. Serving as ISRO Chairman from 1994 to 2003, his legacy in science and education remains significant after his passing at age 84.

India leading most cost-effective, successful space programme in world: PM Narendra Modi

Economic Times

Economic Times · 3m ago

India leading most cost-effective, successful space programme in world: PM Narendra Modi

Prime Minister Narendra Modi highlighted India's emergence as a global space power, leading a cost-effective and successful space programme. He credited former ISRO chief K Kasturirangan for his pivotal role, including developing the New National Education Policy. India's significant achievements include reaching the Moon's South Pole and launching Mars Orbiter Mission. Modi emphasized the growth in space startups and upcoming missions like Gaganyaan and Chandrayaan-4, underscoring youth contribution and innovation in the sector.

Merger Or Acquisition? Unacademy, K-12 Techno Services And Edtech’s Trust Deficit

Inc42 · 1y ago

Merger Or Acquisition? Unacademy, K-12 Techno Services And Edtech’s Trust Deficit

The potential merger between edtech companies K-12 Techno Services and Unacademy is still in the early stages and not a 50:50 merger. K-12 Techno Services is focused on profitability and is evaluating the economic opportunities of Unacademy. The delay in fundraising and strategic deals in the edtech sector is due to increased scrutiny from investors following governance issues at BYJU'S. The edtech sector has faced challenges in recent years, reflecting a loss of leverage and a decline in investor enthusiasm.

Centre Working With States On Incentives To Boost Space Subsystems Manufacturing: IN-SPACe Chairman

Inc42 · 11m ago

Centre Working With States On Incentives To Boost Space Subsystems Manufacturing: IN-SPACe Chairman

In-SPACe chairman, Pawan Goenka, announced that the Indian government is collaborating with states to provide incentives for the manufacturing of space subsystems. This statement was made during the first National Space Day in New Delhi, which commemorated the landing of Chandrayaan-3 on the Moon's South Pole. Notably, Indian space technology startups have successfully raised more than $285 million in funding from 2014 to 2023.

Vedantu eyes $10–15 million from existing backers via convertible equity

Livemint

Livemint · 1m ago

Vedantu eyes $10–15 million from existing backers via convertible equity

Vedantu is seeking to raise $10–15 million in a convertible equity round from existing investors. The K-12 online tutoring unicorn aims to bolster its capital while pursuing full-year profitability and expanding offline, in preparation for an initial public offering (IPO) within the next two years. This funding initiative is part of Vedantu's strategy to strengthen its financial position in the competitive edtech market.

Government to provide major part of Rs 10,000 crore startup fund to sectors like new age tech, AI

Economic Times

Economic Times · 3m ago

Government to provide major part of Rs 10,000 crore startup fund to sectors like new age tech, AI

The commerce and industry ministry will allocate a major part of a new Rs 10,000 crore Fund of Funds Scheme (FFS) for startups in fields such as new-age technology, artificial intelligence, and machine building. This initiative aims to bolster venture capital investments and foster innovation through the Startup India initiative. Managed by the Small Industries Development Bank of India (SIDBI), the scheme builds on a similar 2016 effort, supporting over 1,50,000 recognized startups.

First Tesla store in India to open next week — What we know so far - The Economic Times

Economic Times

Economic Times · 28d ago

First Tesla store in India to open next week — What we know so far - The Economic Times

Tesla will open its first Indian store, an 'experience centre' in Mumbai's Bandra-Kurla Complex, on July 15. This follows the leasing of a 4,000-square-foot showroom and vehicle service area in Mumbai. The move marks Tesla's fourth commercial space in India, with plans to open another store in Delhi. Tesla has also started shipping vehicles, including Model Y SUVs, to India, as it builds its operations and hires locally despite recent leadership changes.

Domestic IPO most preferred exit strategy for 73% startup founders: Innoven Capital

Economic Times

Economic Times · 5m ago

Domestic IPO most preferred exit strategy for 73% startup founders: Innoven Capital

A report by Innoven Capital reveals that 73% of Indian startup founders now prefer domestic IPOs as their exit strategy, up from 64% in 2023. Mergers and acquisitions are less favored, dropping to 19% in 2024. The funding environment improved, reaching $12 billion, with notable IPOs like Swiggy and Ola Electric. While profitability emphasis decreased, profitability rates rose. Hiring expectations increased, though gender diversity in leadership remains low. Founders anticipate better funding conditions in 2025.

Spacetech startup OrbitAID raises $1.5 Mn led by Unicorn India Ventures

Entrackr

Entrackr · 6m ago

Spacetech startup OrbitAID raises $1.5 Mn led by Unicorn India Ventures

Chennai-based spacetech startup OrbitAID has raised $1.5 million in its pre-seed round led by Unicorn India Ventures. The round also saw participation from TANSIM (Government of Tamil Nadu). According to OrbitAID, the funds will be used to conduct an in-space demonstration of docking and refueling operations, expand facilities for on-orbit servicing operations, advance SIDRP (Standard Interface Docking and Refuelling Port) to commercial readiness and scale team capabilities. Founded in 2021 by Sakthikumar R, Nikhil Balasubramanian, and Mano Balaji K, OrbitAID focused on advancing sustainable space operations through innovative on-orbit refueling solutions and is actively forging ahead to create a network of fuel stations in space that are strategically positioned in various orbits. The firm has recently tested its patented SIDRP on a zero-gravity flight in Florida successfully. In the last 12 months, the firm claims to have achieved Technology Readiness Level (TRL) 7 for docking and refueling tests and secured significant partnerships and collaborations.

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