Context:
The Indian Space Research Organisation (ISRO) has signed a MoU with Social Alpha, a multistage innovation curation and venture development platform, to launch SpaceTech Innovation Network (SpIN).
Relevance:
GS III: Science and Technology
Dimensions of the Article:
- SpaceTech Innovation Network (SpIN)
- Innovation Challenge:
SpaceTech Innovation Network (SpIN)
- SpIN is India’s first dedicated platform for innovation, curation, and venture development for the burgeoning space entrepreneurial ecosystem.
- SpIN will primarily focus on facilitating space tech entrepreneurs in three distinct innovation categories:
- Geospatial Technologies and Downstream Applications;
- Enabling Technologies for Space & Mobility; and
- Aerospace Materials, Sensors, and Avionics.
Innovation Challenge:
- SpIN has launched its first innovation challenge for developing solutions in areas of maritime and land transportation, urbanization, mapping, and surveying.
- The selected start-ups and innovators will be able to access both Social Alpha’s and ISRO’s infrastructure and resources as per the prevailing guidelines.
- They will be provided active hand-holding in critical areas, including access to product design, testing and validation infrastructure, and intellectual property management.
