IN-SPACe has following space start-ups encouragement programs/schemes:

1. IN-SPACe Seed fund scheme provide initial finance assistance to the Indian space start-ups with novel concept. This scheme enables these start-ups to demonstrate the novel idea and graduate to next level. A maximum grant of Rs. 1 Crore would be provided to selected start-up on milestone basis in three or more instalments.
2. Under IN-SPACe differential pricing policy discounted price support is provided to space start-ups for availing/utilizing various facilities of DOS/ISRO, Technology Transfer and launch services.
3. IN-SPACe aims to foster the commercialization in space system by promoting NGEi to develop space products which in turn shall lead to scaling up the productionisation to meet the Global and Domestic Space Sector demands. As part of this endeavor, the Technology Adoption Fund (TAF), a funding scheme designed to promote innovation and drive the commercialization of cutting-edge technologies in the space sector has been instituted.
4. Apart from the above, mentorship support to space start-ups is also provided along with skill development programs in relevant space area.

The IN-SPACe Seed Fund scheme is designed to support space start-ups and micro & small industries (MSEs), those aims to develop innovative space products and services. Eligible applicants include early-stage start-ups and micro & small industries (MSEs) with innovative ideas and projects that use space technology to address up-stream/ mid-stream and down-stream challenges in the Space Sector. The seed fund will provide financial support to selected applicants to help them bring their ideas to life and get their projects off the ground. This support will include access to funding, mentorship, training, and networking opportunities.

IN-SPACe has provided grants to the six Indian space start-ups to develop products and services in the sectors i.e., Agriculture, Disaster management and Urban Development using space technology under IN-SPACe Seed Fund Scheme.

This information was given by Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, Earth Sciences, MoS PMO and Department of Space, in a written reply in the Rajya Sabha today.

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NKR/PSM