The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has started a pre-incubation entrepreneurship (PIE) development program to boost and raise early-stage space startups.
The program will empower the next generation of space tech innovators and uplift them with tools and know-how.
“The PIE programme will provide them (young entrepreneurs) with a launchpad, equipping them not only with technical expertise but also with the business acumen needed to navigate the complexities of the space industry,” Press Trust of India quoted Pawan Goenka, chairman of IN-SPACe, as saying.
The early stage aid will help unlock the potential of innovative minds and contribute to India’s leadership in the global space industry, Goenka said.
The program will target students in technical courses or those with a strong interest in space technology, expected to graduate in 2024, or pursuing masters or doctorate programs. It will also target early-stage startups focusing on space technologies and aiming to develop entrepreneurial ventures.
The 21-month duration program will pave the way for entrepreneurs into distinct phases of ideation, innovation, prototype and development to ensure that successful entrepreneurs receive controlled help at every stage deemed critical.
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