IN-SPACe Launches Technology Adoption Fund to Boost Space Startups

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has introduced the Technology Adoption Fund (TAF) scheme to support Indian industries, particularly startups, in commercialising early-stage space technologies. This initiative aligns with India’s broader vision of enhancing self-reliance in space technology and reducing dependence on imports.

Objectives of the TAF Scheme

The primary aim of the TAF scheme is to accelerate the development and commercialisation of indigenous space technologies. The key objectives include:

• Upgrading existing space technologies from Technology Readiness Level (TRL) 3/4 to TRL 7/8 or higher to facilitate their commercialisation.
• Encouraging innovation in space-related product development.
• Substituting imports by supporting the local development of advanced space components that are not yet commercially viable in India.

Eligibility Criteria for Startups

To qualify for financial assistance under the TAF scheme, startups must meet specific criteria:

• The startup must be under Indian management and control.
• The proposed project must have commercial viability.
• The startup should not be receiving funding for the same project from any other Central or State Government departments or ministries.

By fulfilling these conditions, startups can secure financial aid for their projects, contributing to India’s mission of Aatmanirbhar Bharat (self-reliant India) in the space sector.

Government’s Support for the Private Space Sector

The Indian Government is actively encouraging private-sector participation in the space industry through various reforms and policies:

• Liberalisation of the Space Sector – Non-Government Entities (NGEs) are now permitted to engage in full-fledged space activities.
• Establishment of IN-SPACe – IN-SPACe plays a crucial role in promoting, enabling, authorising, and supervising NGEs in space-related activities.
• Implementation of Space Policies – The introduction of the Indian Space Policy 2023, Norms, Guidelines & Procedures (NGP), and Foreign Direct Investment (FDI) policy has provided regulatory clarity and strengthened India’s space ecosystem.
• Financial and Technical Support – Various schemes, such as TAF, Seed Fund, Pricing Support, Mentorship, and Technical Labs, have been launched to support startups and NGEs in space technology.
• Collaboration with Private Players – As of December 31, 2024, IN-SPACe has signed 78 Memorandums of Understanding (MoUs) with NGEs and issued 72 authorisations for space activities.

Major Developments Under IN-SPACe

IN-SPACe is actively working on several key projects to strengthen India’s private space sector. It is currently establishing an Earth Observation (EO) system through public-private partnerships (PPP) to enhance satellite-based monitoring and data services. Additionally, the technology transfer of Small Satellite Launch Vehicles (SSLV) to Indian companies is in progress, enabling greater private-sector participation in satellite launches.

Furthermore, IN-SPACe is expanding opportunities for Indian entities to access orbital resources, fostering a competitive space ecosystem. To encourage further innovation, the government has proposed setting up a ₹1000 crore Venture Capital Fund in the upcoming financial year to support space startups and entrepreneurs.

Conclusion

The Indian space industry is witnessing increasing participation from private entities. ~330 industries, startups, and MSMEs are currently engaged with IN-SPACe for various services, including technology transfer, promotional activities, access to ISRO test facilities, and other enablement services. 

With these initiatives, the government aims to position India as a global leader in space technology and innovation, fostering a self-sufficient and competitive ecosystem.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.