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Spacetech has become a buzzword in the Indian startup ecosystem since last year. New spacetech reforms, including private players, have boosted the opportunity for commercial space missions.
Several space-tech startups are building their own satellites and launch vehicles to contribute to India’s commercial space missions.
For example, the deployment of small satellites can help in enabling IoT networks, ensuring communication and internet reach, and for earth observation. In fact, the sector has opened up to the private players at a time when a lot of industrial infrastructure and ecosystems are already in place.
As the spacetech startup ecosystem is readying itself to successfully launch its own commercial space missions, investor interest in the sector is also rising.
The year 2021 has already seen three big investment deals, with Agnikul and Skyroot each raising $11 million in May — the most raised in the sector to date, and Pixxel raising $7.3 million earlier in March.
However, the question remains, how will the increased number of commercial space missions help India? Read more.
The Interview
In the newly launched series C-Suite, Kamal Bali, Managing Director of Volvo Group India, tells EnterpriseStory about the trillion-dollar manufacturing opportunity for India. And why it is essential for the country as a competitive advantage.
Editor’s Pick: Techie Tuesday
Using technology for your own good may not impress many, but making a difference at a community level means everything. This has been the mantra of Rikin Gandhi ever since he stepped into the lives of Indian farmers in 2006.
Today, as the founder and CEO of Digital Green, a not-for-profit and spin-off entity of Microsoft Research, Rikin is working with government bodies and training frontline workers to use digital tools to assess gaps, collect data, and use technology as an entry point to transform systems. Read more.
Startup Spotlight
NextGen InVitro Diagnostics ensures accurate TB diagnosis
India, which bears a disproportionately large burden of the world’s TB cases, recorded 24 lakh tuberculosis cases and more than 79,000 deaths due to the disease in 2019. Data from the Indian Journal of Community Medicine reveals about 4.8 lakh people lose their life to TB in India every year.
Gurugram-based medtech startup NextGen InVitro Diagnostics (NGIVD) is working to solve this problem. With a focus on diagnosing tuberculosis, the startup aims to provide an affordable and accurate diagnosis of infectious diseases. Read more.
Illustration: YS Design
News & Updates
Before you go, stay inspired with…
“Private sector participation in commercial space activities has the potential to catalyse new investments at scale, build new space-based applications, and reduce costs by making value chains more efficient and achieving scale.”
— Pawan Kumar Chandana, Co-founder, and CEO of Skyroot Aerospace
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