India rolls out Rs 500-crore Technology Adoption Fund to boost space startups

February 20, 2025

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Acknowledging industry demands to promote the manufacturing of critical space components within India, startups will now be able to secure 60% financial support from the government for their projects.The Indian National Space Promotion and Authorisation Centre (IN-SPACe), an arm of the Department of Space (DoS), on Wednesday, announced the Technology Adoption Fund (TAF) worth Rs 500 crore to support early-stage space technologies developed by companies into commercially viable products.

“Investing in domestic research and development, the TAF will…

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India rolls out Rs 500-crore Technology Adoption Fund to boost space startups

February 20, 2025

, By admin

Acknowledging industry demands to promote the manufacturing of critical space components within India, startups will now be able to secure 60% financial support from the government for their projects.The Indian National Space Promotion and Authorisation Centre (IN-SPACe), an arm of the Department of Space (DoS), on Wednesday, announced the Technology Adoption Fund (TAF) worth Rs 500 crore to support early-stage space technologies developed by companies into commercially viable products.

“Investing in domestic research and development, the TAF will…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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