Small Business

Department of Space, AIM, and Niti Aayog jointly organize workshop on empowering startups

Bengaluru: The department of space (DoS), AIM, and Niti Aayog have jointly organized a workshop on Thursday on empowering startups and MSMEs.

Secretary, DoS, explained various opportunities and provisions being created within Indian Space Research Organisation (ISRO) to encourage the startups including the buy-back arrangements.

He also announced the startup programme under ISRO called Space Entrepreneurship & Enterprise Development or SEED.

The workshop is aimed to bring more synergy for the programme to address the real-time issues for MSMEs and startups in the space sector.

The government on Wednesday launched three challenges in the space domain as a part of Atal New India Challenges [ANIC] – ARISE programme, under Niti Aayog.

The challenge include a) Propulsion – Green propellants, Electric propulsion, advanced air-breathing, b) Geospatial information – Geospatial information using machine learning, artificial intelligence useful in crop monitoring, weather forecasting and program evaluations and c) Robotics, augmented reality virtual reality – application of robotics, augmented reality, virtual reality technologies supporting space exploration.

On Thursday, sessions on conducted on topics such as building an Atmanirbhar Bharat by forging partnerships with global technology giants for startups;role of VCs, angel investors incubators, accelerators; overview of proposed ISRO Start-up Support programme; opportunities in Earth Observation and space applications.

Eminent speakers form Industries such as GE, Cisco, SAP, Curefit, T-Hub and NumaAccelerators shared their experiences with new startups.

ISRO officials presented the focus areas and opportunities in the space domain.

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