ISRO on a mission to give leg-up to space startups, take them to higher biz orbit
ISRO has embarked on a mission to take startups in the space sector to a higher orbit with a string of initiatives to help them realise their business potential. It is keen on formulating an exclusive space startup programme — "Space Entrepreneurship and Enterprise Development (SEED)", Secretary in the Department of Space and Chairman of the Indian Space Research Organisation (ISRO) K Sivan said.
SEED is conceived as a competitive, early-stage encouragement programme for startups and MSMEs (Micro, Small, Medium Enterprises) keen on developing products/services in the focus areas of interest to ISRO, with the space agency helping them to use its facilities, officials said.
ISRO, has also set up three space technology incubation centres — at the National Institute of Technology (NIT) in Tiruchirappalli, Jalandhar, and Agartala. Three more are in progress. "We are looking into a lot of things which are helpful to this (space start-up) sector", the Director of ISRO's Capacity Building Programme Office (CBPO), P V Venkitakrishnan said.