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Boosting Space Startups

  • 20 Feb 2025

On 20th February 2025, the Indian National Space Promotion and Authorization Centre (IN-SPACe) introduced the Technology Adoption Fund (TAF) with a Rs. 500 crore corpus to support India’s space startups and reduce reliance on imports.

Key Points

  • Funding Structure: Up to 60% of project costs for startups/MSMEs and 40% for larger industries, with a cap of Rs. 25 crore per project.
  • Objective: To accelerate indigenous space technology development and commercialization.
  • Support for Startups: Provides financial aid, technical mentoring, and guidance.
  • Eligibility: Open to Non-Government Entities (NGEs) ready to demonstrate commercial potential.
  • Economic Impact: Aims to create jobs, promote advanced space technologies, and strengthen India’s position in the global space sector.