In-Space will fund the conversion of early space technologies into commercial products

Daily Current Affairs / In-Space will fund the conversion of early space technologies into commercial products

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Category : Science and Tech Published on: February 22 2025

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In-Space has launched a Technology Acceptance Fund (TAF) of 500 crores, which will provide financial assistance of up to 60% to startups and MSMEs for the commercialization of space technologies, and up to 40% to large industries, with a maximum limit of 25 crores per project.
The aim of TAF is to enhance self-reliance in India's space technology, assisting non-governmental entities (NGEs) in transforming innovations into market-ready products, along with providing technical guidance and advice.