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ISRO Selected 6 Startups with Rs.50 lakhs Each As Grant-In-Aid

Six start-ups were selected and supported by Indian Space Research Organization (ISRO) with a grant-in-aid of maximum of Rs 50 lakhs each in areas like geo spatial information, propulsion and Robotics/ AR/VR

Union Minister Dr Jitendra Singh informed that six start-ups were selected and supported by ISRO with a grant-in-aid of maximum of Rs 50 lakhs each in areas like geo spatial information, propulsion and Robotics/ AR/VR.

ISRO along with Atal Innovation Mission (AIM), NITI Aayog launched ANIC-ARISE-1.0 program that aims to seek, select, support and nurture technology-based innovations that solve sectoral challenges of national importance. 

24 start-ups submitted their proposals, out of which 6 start-ups were selected and supported with a grant-in-aid of maximum of Rs 50 lakhs each, said Dr Jitendra Singh, who is Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space.

Atal Innovation Mission had earlier collaborated with ISRO for the Aatmanirbhar Bharat ARISE-ANIC Initiative along with four other ministries to spur applied research and innovation in Indian MSMEs and startups.

ANIC-ARISE-1.0 has following three space sector challenges to get project proposals from start-ups: (i) geo spatial information, (ii) propulsion and (iii) Robotics/ Augmented Reality/Virtual Reality.

Thereafter, ANIC-ARISE-2.0 has been launched with four space sector challenges: (i) GIS solutions, (ii) Propulsion, (iii) Navigation & (iv) AI/ML modelling for space applications, seeking project proposals from start-ups in these areas. Selected start-ups will be supported with a grant-in-aid of maximum of INR 50 lakhs each.

It was in last year’s January when Atal Innovation Mission, NITI Aayog and ISRO announced that ISRO will be adopting 100 Atal Tinkering Labs across the country to promote education in the field of STEM, Space education and space technology related Innovations for school students.



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