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Context

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

Details

• 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.

Significance

• SPIN platform would create a level playing field for various stakeholders to collaborate and contribute to the space ecosystem in the country.
• This novel partnership is a significant step forward in providing further stimulus to India’s recent space reform policies and will work towards identifying and unleashing the market potential of the most promising space tech innovators and entrepreneurs in India.

https://www.thehindu.com/news/national/karnataka/isro-inks-mou-with-social-alpha-to-establish-spacetech-innovation-network/article66233892.ece

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