IN-SPACe Selects Astrobase, SatSure, and TM2SPACE for Technology Adoption Fund

Indian National Space Promotion and Authorisation Centre Selects Three Space Startups for Technology Adoption Fund

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) announced on June 11 that it has selected three space startups as the first set of beneficiaries under its Rs 500 crore Technology Adoption Fund. This fund was launched in February 2025, with the aim of supporting the development of the Indian space sector.

The three startups chosen by IN-SPACe are Bengaluru-based Astrobase Space Technologies and SatSure Analytics India, and Hyderabad-based TM2SPACE Technologies. The selection process involved experts from the Indian Space Research Organisation (ISRO), the Department for Promotion of Industry and Internal Trade (DPIIT), the Department of Science and Technology (DST), academia, industry, and IN-SPACe itself.

The Technology Adoption Fund offers partial funding of up to Rs 25 crore per project. While the amount each of the selected startups will receive is not yet known, the fund is expected to play a crucial role in supporting the development of the Indian space sector.