The three companies are the first beneficiaries under the scheme, which was launched earlier this year. They were chosen after a multi-stage evaluation process involving experts from ISRO, the Department for Promotion of Industry and Internal Trade (DPIIT), the Department of Science and Technology (DST), academia, industry and IN-SPACe, the agency said in a statement on Thursday.

The three companies are the first beneficiaries under the scheme, which was launched earlier this year. They were chosen after a multi-stage evaluation process involving experts…

IN-SPACe funds 3 Indian startups to develop an 800 kN reusable rocket engine, AI Earth observation model and advanced satellite navigation technology.