Bengaluru | Indian National Space Promotion and Authorisation Centre (IN-SPACe) has launched a pre-incubation entrepreneurship development programme, a pioneering initiative designed to support and nurture early-stage space startups.
The pre-incubation entrepreneurship (PIE) programme will cultivate and empower the next generation of space tech innovators, providing them with the tools and guidance necessary to transform their space dreams into reality.
"India's space sector is poised for exponential growth, and young entrepreneurs are crucial to driving this expansion. The PIE programme will provide them with a launchpad, equipping them not only with technical expertise but also with the business acumen needed to navigate the complexities of the space industry," said Pawan Goenka, chairman of IN-SPACe.
The programme will target students in technical courses or those with a strong interest in space technology, expected to graduate in 2024, or pursuing Masters or Doctorate programmes and early-stage start-ups focusing on space technologies and aiming to develop entrepreneurial ventures.
According to Goenka, the early-stage support will help unlock the potential of innovative minds and contribute to India's leadership in the global space industry.
The 21-month programme will guide aspiring entrepreneurs through a comprehensive journey divided into distinct phases of ideation, innovation, and prototype development. It will also ensure that budding entrepreneurs receive structured support at each critical stage of development.
Direct access to industry veterans and subject matter experts will provide invaluable insights, feedback, and networking opportunities, added Goenka.
"It will inculcate a culture of innovation in entrepreneurs, propelling scientific advancements that generate socio-economic benefits, contribute to broader economic development and create new job opportunities in India's space sector," said Goenka.
Applicants should not have received any grants, funding, or monetary support from private or government schemes and all submissions must be original work to qualify.
Start-ups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) on or after July 1, 2022, are classified as early-stage start-ups. More information is available at www.inspace.gov.in.