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Telangana govt to set up world class SpaceTech Accelerator Centre
Hyderabad, April 18 (UNI) With an aim to establish Telangana as a globally recognised one-stop destination for space technology, the state government launched its Space Tech Framework here on Monday.
The launch event hosted on ‘Metaverse’ marking it as the first -ever official event takes place on the virtual reality platform.
The Space Tech framework aims to encourage private participation in the space industry in line with the recent reforms by the Union government.
The framework was officially launched in the presence of Telangana Minister for IT and Industries KT Rama Rao, NITI Aayog CEO Amitabh Kant, ISRO chairman Somanath S and IN-SPACe chairman Pawan Goenka.
In his message, Mr Rao said Telangana is already a leader in SpaceTech with the presence of global companies, mid-size and startups in the sector. This is evident as the state produced 30 percent of parts of the Mars Orbiter Mission.
The state would leverage its innovation ecosystem to provide holistic support to the industry and be key to the national growth of the SpaceTech industry, the Minister said.
The Global space industry is growing at a CAGR of 5.6 per cent to reach USD 558 billion in 2026. Of the USD 360 billion world market in 2018, India was valued at just USD 7 billion or 2 per cent but now the Indian space ecosystem is undergoing several policy reforms to engage private players and attracts innovation and investment, he said
The State government has identified key support areas to support the industry in achieving the same,
As part of the state’s ICT policy 2-21-26, a fund of INR 1300 crore is being set up to support the startups. The spaceTech startups would also be considered under this fund and the special body, set up under this framework, will facilitate the process, he said
Out of the Rs 1300 crore, Rs 100 crore for social-impact startups, the Minister said the SpaceTech companies and startups would be eligible to avail applicable incentives under state’s industrial, innovative, electronics and other allied politics.
In reference to the industrial policy, this would include ‘Tailor-made incentives’ for Mega Projects and consideration of incentives to the entrepreneurs under the T-IDEA (Telangana State Industrial Development and Entrepreneur Advancement) incentive scheme, he said.
The initiatives to be undertaken under the policy, he said the state government will set up a world class SpaceTech Accelerator Centre in partnership with T-works , RICH, T-Hub and We-Hub to provide a required incubation, infrastructure, authorization support, market insights, investor connect and mentorship support to SpaceTech startups.
It will operate in three stages which include Idea Evaluation, Prototype Development and commercialization of the market-ready products or services, he said.
Rao said the government would support the startups and companies in legal compliance, patent filing, and protecting IPs ( Intellectual Property) by providing advisory services in partnership with legal institutions such as NALSAR University of Law and State agencies such as RICH and T-works.
With the product and services in SpaceTech to be developed locally, the true potential of the Indian space sector lies in offering them globally.
The Telangana government would support the Indian Innovators in their International outreach and collaborations by becoming a key partner and facilitating partnerships. It shall also act as a key partner for national organizations and build capacity for international collaborations.
The state would set up a Space Exploration Labs across schools in partnership with NITI Aayog’s Atal Innovation Mission, the spacetech industry and academic institutions to nurture the foundation of space technology and catch them early and young.
The adoption of 100 Atal Tinkering Labs has already been announced by ISRO and out of the 45 already adopted in Phase-1, 10 labs are situated in Telangana across two districts and will be supported by NRSC.
The state will coordinate the efforts with ISRO to provide hands-on-opportunities in the form of mini satellite projects and culminate student’s interest in exploring spaceTech as a career.
The state in partnership with startups, local industry and academic research institutes will offer SpaceTech internships to Telangana’s college students. This opportunity will help students to undertake applied research programmes under a space scientist, culminate their interest in space science and hone their skills in SpaceTech.
The state would set up SpaceTech innovation cohorts in partnership with industry and in focus areas of the state – Agriculture and Insurance, Urban planning and Flood Modeling, Disaster management, Forestry and Environment and internet and Communication. These cohorts will be carefully mentored by both the SpaceTech and target domain experts across industry, academia and government agencies.
The state will offer space-tech fellowships to students from India and abroad, to work on high end use cases in partnership with government departments, national and international research academic institutions. The fellowships will focus on both the technical as well as business aspects in order to ignite the spirit of entrepreneurship, he added.
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