Posted by Bangalore: IN-SPACe (Indian National Space Promotion and Authorisation Centre) has launched the Pre-Incubation Entrepreneurship (PIE) Development Program for aspiring space startups.
The PIE Development program – is a pioneering initiative, designed to support and nurture early-stage space startups. It will cultivate and empower the next generation of space tech innovators, providing them with the tools and guidance necessary to transform their space dreams into reality.
The 21-month program will guide aspiring entrepreneurs through a comprehensive journey divided into distinct phases of ideation, innovation, and prototype development. It will ensure that budding entrepreneurs receive structured support at each critical stage of development.
“The PIE program will provide them with a launchpad, equipping them not only with technical expertise but also with the business acumen needed to navigate the complexities of the space industry,” said Dr Pawan Goenka, IN-SPACe’s Chairman.
“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 Goenka.
The program will help young entrepreneurs transform their innovative ideas into prototypes by fostering a collaborative learning environment allowing participants to connect with and learn from seasoned mentors, handpicked from leading research institutions, incubators, academia, and prominent space industry players.
As per guidelines of the program, applicants must be Indian citizens graduating in 2024 or already graduates, they should not have received any grants, funding, or monetary support from private or government schemes and all submissions must be original work to qualify for this program. 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 program will target students in technical courses or those with a strong interest in space technology, expected to graduate in 2024 or pursuing Master’s or Doctorate programs and early-stage startups focusing on space technologies and aiming to develop entrepreneurial ventures.