SpaceTech Innovation Network: ISRO | 08 Dec 2022

Why in News?

The Indian Space Research Organisation (ISRO) has signed an MoU with Social Alpha, a multistage innovation curation and venture development platform to launch SpaceTech Innovation Network (SpIN).

What is SpIN?

• About:
  • SpIN is India’s first dedicated platform for innovation, curation, and venture development for the burgeoning space entrepreneurial ecosystem.
  • The SPIN platform would create a level playing field for various stakeholders to collaborate and contribute to the space ecosystem in the country.
  • SpIN will primarily focus on facilitating space tech entrepreneurs in three distinct innovation categories:
    • Geospatial Technologies and Downstream Applications
    • Enabling Technologies for Space & Mobility
    • Aerospace Materials, Sensors, and Avionics.
• Significance:
  • Innovative technologies are expected to bring a paradigm shift in utilising the space applications to maximise the economic, social, and environmental benefits for the larger society.
• 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.

Source: TH