ISRO and Social Alpha sign MoU to establish SpaceTech Innovation Platform

Tags: Science and Technology

Indian Space Research Organisation (ISRO) and Social Alpha on 7 December signed an MoU to launch SpaceTech Innovation Network (SpIN).

Important facts

• It is a one-of-its-kind public-private collaboration for start-ups and SMEs in the space industry.

• This is an important step towards providing further impetus to India's recent space reform policies.

• It will work towards identifying and unleashing the market potential of promising space technology innovators.

• SpIN has launched its first innovation challenge for developing solutions in areas of maritime and land transportation, urbanisation, mapping, and surveying.

About SpaceTech Innovation Network (SpIN)

• It will be India’s first dedicated platform for innovation and venture development for the burgeoning space entrepreneurial ecosystem.

• It will primarily focus on facilitating space tech entrepreneurs in three distinct innovation categories -

1. Geospatial Technologies and Downstream Applications

2. Enabling Technologies for Space & Mobility

3. Aerospace Materials, Sensors, and Avionics