ISRO, Social Alpha ink MoU to establish SpaceTech Innovation Network : ISRO has signed an MoU with the Social Alpha to launch SpaceTech Innovation Network (SpIN).
It is the India’s first dedicated platform for innovation curation and venture development for the burgeoning space entrepreneurial ecosystem. A one-of-its-kind public-private collaboration for start-ups and SMEs in the space industry, this novel partnership is a significant step forward in providing further stimulus to India’s recent space reform policies and will work towards identifying and unleashing the market potential of the most promising space tech innovators and entrepreneurs in India.
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It will primarily focus on facilitating space tech entrepreneurs in three categories – Geospatial Technologies and Downstream Applications; Enabling Technologies for Space & Mobility; and Aerospace Materials, Sensors, and Avionics.
“Space applications cut across various domains from earth to sky. Innovative technologies are expected to bring paradigm shift in utilising the space applications to maximise the economic, social and environmental benefits for the larger society. I wish the SPIN platform would be useful for various stakeholders to collaborate and contribute to the space ecosystem in the country”, says Shri. S Somanath,Chairman, ISRO
