IN-SPACe Extends Rs 67.15 Crore Funding Offers to Four Space Startups for Indigenous Technology Development

Key facts

• The Indian National Space Promotion and Authorisation Centre (IN-SPACe) selected four more space startups for funding offers totalling Rs 67.15 crore under its Technology Adoption Fund (TAF), taking the total number of companies under the fund to seven.
• The four selected startups are Maharashtra-based Manastu Space, Inspecity Space Laboratories, MumbaiSemi and Bengaluru-based VyomIC.
• Manastu Space was offered Rs 22.08 crore to develop an iodine-based hall effect thruster for small satellites that eliminates the need for high-pressure tanks.
• Inspecity Space Laboratories was offered Rs 21.18 crore to develop a refuellable six-degree-of-freedom propulsion system for microsatellites to support flexible manoeuvring and in-space servicing.
• VyomIC was offered Rs 12.55 crore to develop highly stable and secure clocks for space applications.
• MumbaiSemi was offered Rs 11.34 crore to develop an indigenous multi-channel NavIC and GPS receiver system-on-chip (SoC) integrating RF and digital components.
• IN-SPACe's first TAF selection in June included Astrobase Space Technologies, SatSure Analytics India and TM2SPACE Technologies for work on launch vehicle propulsion, Earth observation analytics and satellite navigation systems.