IN-SPACe Launches Seed Fund Scheme for Space Tech Start-ups

December 5, 2023

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has introduced a seed fund scheme aimed at supporting start-ups engaged in the fields of urban development and disaster management through the utilization of space technology. The scheme offers selected start-ups seed funding to develop their original ideas into prototypes using space technology. Additionally, start-ups will receive ISRO facility support, mentorship, and access to data algorithms, including Earth Observation (EO) data for validation. The scheme includes financial assistance of up to Rs 1 crore, along with training, networking opportunities, and mentorship support.

Key Features of the Seed Fund Scheme

Seed Funding: Start-ups will receive financial assistance of up to Rs 1 crore to transform their ideas into prototypes using space technology.
ISRO Facility Support: Selected start-ups will benefit from ISRO facility support, including Earth Observation (EO) data for concept validation.
Mentorship Support: The scheme provides mentorship support to guide start-ups through the development process.
Data Algorithm Access: Start-ups will have access to data algorithms as a technology transfer from the Department of Science (DoS).
IN-SPACe’s Role: IN-SPACe, as the nodal agency in DoS, plays a crucial role in promoting, enabling, authorizing, and supervising space activities of Non-Government Entities (NGEs).
Graduation Opportunities: The scheme aims to provide opportunities for NGEs leveraging space technology for societal benefits to advance to the next level.

Focus Areas

Urban Development: Opportunities for start-ups in urban planning, monitoring, infrastructure management, telecommunication, navigation, broadband connectivity, water resources management, energy efficiency, climate and weather monitoring, disaster risk reduction, public health, and healthcare.
Disaster Management: Opportunities for start-ups specializing in geographical information systems (GIS), early warning and monitoring systems, search and rescue operations, and more.

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