Verghese V Joseph –
In a move to bolster India’s burgeoning space sector, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) has launched the Pre-Incubation Entrepreneurship (PIE) Development Program. This pioneering initiative aims to support and cultivate early-stage space startups, empowering the next generation of space tech innovators.
The 21-month PIE program will guide aspiring entrepreneurs through a comprehensive journey spanning ideation, innovation, and prototype development. Participants will receive structured support at each critical stage, ensuring they are equipped with the necessary tools and guidance to transform their space dreams into reality.
“India’s space sector is poised for exponential growth, and young entrepreneurs are crucial to driving this expansion,” said Dr. Pawan Goenka, Chairman of IN-SPACe. “The PIE program will provide a launch pad, equipping them not only with technical expertise but also with the business acumen needed to navigate the complexities of the space industry.”
The program will foster a collaborative learning environment, giving participants the opportunity to connect with and learn from seasoned mentors handpicked from leading research institutions, incubators, academia, and prominent space industry players. This direct access to industry veterans and subject matter experts will provide invaluable insights, feedback, and networking opportunities.
“The early-stage support will help to unlock the potential of innovative minds and contribute to India’s leadership in the global space industry,” added Dr. Goenka.
The key phases of the Pre-Incubation Entrepreneurship (PIE) Development Program launched by IN-SPACe include an initial development of innovative ideas related to space technology; refining and developing their ideas into prototypes and transforming innovative ideas into functional prototypes.
These phases are designed to provide structured support to aspiring space entrepreneurs, guiding them through the critical stages of development and empowering them to transform their space ambitions into reality
To be eligible for the PIE program, applicants must be Indian citizens graduating in 2024 or already graduates, and they should not have received any grants, funding, or monetary support from private or government schemes. All submissions must be original work, and startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) on or after July 1, 2022, are classified as early-stage startups.
This initiative is poised to cultivate a culture of innovation among entrepreneurs, propelling scientific advancements that generate socio-economic benefits, contribute to broader economic development, and create new job opportunities in India’s thriving space sector.