The Indian Space Research Organisation (ISRO) has signed a memorandum of understanding (MoU) with incubator and accelerator Social Alpha, to launch the SpaceTech Innovation Network (SpIN), focused on innovation curation and venture development for the space domain.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Need Of This Kind of Platform:
The platform is the first of its kind in India, and is a unique public-private collaboration for startups and small-medium enterprises (SMEs) in the emerging space economy. The initiative provides further impetus to the commercialisation of space and is aligned with India’s recent space reform policies. SpIN will focus on three categories, geospatial technologies, mobility as well as aerospace components such as materials, sensors, and avionics.
About The SpaceTech Innovation Network(SpIN)
SpIN is India’s first dedicated platform for innovation, curation and venture development for the burgeoning space entrepreneurial ecosystem.
Its Focus areas:
SpIN will primarily focus on facilitating space tech entrepreneurs in three distinct innovation categories:-
1) Geospatial Technologies and Downstream Applications, 2) Enabling Technologies for Space & Mobility and 3) Aerospace Materials, Sensors and Avionics.
Significance Of This:
This is a one-of-a-kind public-private collaboration for start-ups and SMEs in the space industry.
What is the Innovation Challenge launched by SpIN:
SpIN has launched its first innovation challenge for developing solutions in areas of maritime and land transportation, urbanization, mapping, and surveying.
The selected start-ups and innovators will be able to access both Social Alpha’s and ISRO’s infrastructure and resources as per the prevailing guidelines. They will also be provided active hand-holding in critical areas, including access to product design, testing and validation infrastructure and intellectual property management.