The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected three of the country's space startups as the first set of non-governmental entities (NGEs) for funding under its Technology Adoption Fund scheme.
The startups are Bengaluru-based companies Astrobase Space Technologies and SatSure Analytics India and TM2SPACE Technologies from Hyderabad.
While funding has been provided to Astrobase for developing a high-thrust closed-cycle liquid rocket engine for space launch vehicles, SatSure will build a large Earth observation model (LOM) designed to serve as India's foundational AI platform for remote sensing applications.
Meanwhile, TM2SPACE will develop an indigenous AI-powered star tracker system for satellites, enabling the pointing accuracy required for high-resolution imaging and communication missions.
In a statement, Dr Pawan Goenka, chairman of IN-SPACe, said, "With this fund, our vision is to bridge the critical gap between early-stage development and commercial success.
