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Mahesh

10/12/22 13:54 PM IST

ISRO and Social Alpha Sign MoU to Establish SpaceTech Innovation Platform

In News
  • The Indian Space Research Organisation (ISRO) has signed a memorandum of understanding (MoU) with incubator and accelerator Social Alpha, to launch the SpaceTech Innovation Network (SpIN), focused on innovation curation and venture development for the space domain.
About SpIN
  • SpIN is India’s first dedicated platform for innovation, curation, and venture development for the burgeoning space entrepreneurial ecosystem.
  • It will mainly focus on supporting space tech entrepreneurs in three different innovation categories.
  • These categories are- Geospatial Technologies and Downstream Applications
  • Enabling Technologies for Space and Mobility
  • Aerospace Materials, Sensors, and Avionics
  • The partnership between ISRO and Social Alpha to create SpIN is a one-of-a-kind public-private collaboration for startups and SMEs in the space industry.
Innovation Challenge
  • In line with the partnership announcement, SpIN has launched its first innovation challenge.
  • Early-stage start-ups for developing solutions in areas of maritime and land transportation, urbanisation, mapping, and surveying, disaster management, food security, sustainable agriculture, environmental monitoring, and natural resources management, among others are encouraged to apply.
Social Alpha
  • Social Alpha is a multistage innovation curation and venture development platform supporting activities concerning science and technology.
  • It supports innovators and entrepreneurs who are involved in the creation of social, economic and environmental impact to address India’s developmental challenges.
Source- The Hindu

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