As part of the scheme, selected start-ups will receive seed funding for transforming an original idea into a prototype using space technology.
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Bengaluru: The Indian National Space Promotion and Authorization Centre (IN-SPACe) on December 4 announced the launch of a seed fund scheme for start-ups operating in the area of urban development and disaster management by using space technology. To subscribe please click tau.id/2iy6f and access our live channel.
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The scheme, launched in collaboration with the National Remote Sensing Centre (NRSC), ISRO, will provide opportunities for Non Government Entities (NGEs) that leverage space technology for societal benefits to graduate to the next level. The last date of application for the Seed Fund Scheme is December 20.
ISRO facility support including Earth Observation (EO) data for validation of the concept, mentorship support, and access to data algorithm as transfer of technology from Department of Science (DoS), according to a statement. Furthermore, it is the nodal agency in responsible for promoting, enabling, authorising as well as supervising space activities.
The IN-SPACe Seed Fund Scheme has the provision of providing financial assistance of up to ₹1 crore in addition to mentorship support, training and networking opportunities. The beneficiary ought to have the aim to develop innovative space products and services, thereby improving the quality of life for people and communities in India and around the world.
Start-ups working in the domains of urban planning, monitoring and infrastructure management, telecommunication, navigation, broadband connectivity, water resources management, energy efficiency, climate and weather monitoring, disaster risk reduction, public health, healthcare, and more will be eligible for the opportunity.
