India’ Science and Technology Minister Dr. Jitendra Singh announced in Parliament today, Six Space Tech start-ups in the fields of robotics, augmented reality, and virtual reality were chosen and given support by ISRO with grants-in-aid of up to Rs 50 lakhs apiece. In all, Twenty-Four start-ups submitted their proposals, out of which six start-ups were selected and supported by the Space Agency.
Dr. Singh, stated that six start-ups are in the fields of geospatial information, propulsion, robotics, and augmented reality and virtual reality were chosen and supported by ISRO with a grant-in-aid of up to a maximum of Rs.50 Lakh each.
ISRO supports new age space, tech startups
ANIC-ARISE-1.0 has following three space sector challenges to get project proposals from start-ups: (i) geo spatial information, (ii) propulsion and (iii) Robotics/ Augmented Reality/Virtual Reality.
ANIC-ARISE-2.0 has been launched with four space sector challenges: (i) GIS solutions, (ii) Propulsion, (iii) Navigation & (iv) AI/ML modelling for space applications, seeking project proposals from start-ups in these areas.
Selected start-ups will be supported with a grant-in-aid of maximum of INR 50 lakhs each.
