Indian Economy News

India Space Congress enables startups to partner in US$ 1.5 trillion space economy

  • IBEF
  • October 26, 2022

To foster the growing interest in deep space tech startups in India, the India Space Congress, 2022 (ISC'22) announced a number of initiatives to showcase excellence, including partnering with Microsoft to extend Founders Hub benefits to the 15 shortlisted startups and engaging with the 'iDEX 75 Space Challenges' announced by Prime Minister Mr. Narendra Modi during the Defence Expo.

As part of the Founders Hub programme, 15 selected startups may apply and receive up to US$ 150,000 in free Azure credits. On October 27, 2022, five finalists from Space Tech startups will pitch their ideas to industry leaders and investors at the session 'Pitch Right for Skyrocketing Startups.' The three-day India Space Congress 2022 will feature 500+ delegates, 180 speakers, and 35 thematic sessions from 20 countries.

The goal of the platform is to open dialogue, discuss business models, discuss regulatory challenges and possible learnings from other geographies, and generate interest in new entrepreneurs - all with the goal of making 'Atmanirbhar Bharat' a reality. Speakers from 30 countries will engage in intense discussions on various aspects of space segments, with the goal of establishing a new age space ecosystem in the country.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.