IN -SPACe Selected 03 Space Startups for Funding under TAF Scheme

Current Context: The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has chosen three Indian startups as the first batch under its Technology Adoption Fund (TAF) scheme. 

• Each can receive up to ₹25 crore for developing key space technologies.
• Astrobase Space Technologies (Bengaluru): Developing an 800 kN-class closed-cycle LOX-LNG reusable liquid rocket engine for next-gen launch vehicles.
• SatSure Analytics India (Bengaluru): Building Dhaarini, a large AI-powered Earth observation foundation model for applications in agriculture, infrastructure, and disaster management.
• TM2SPACE Technologies (Hyderabad, also referred to as TakeMe2Space): Focused on advanced AI-enabled star trackers and satellite navigation technologies.

Question:

Q.1 Which organization selected the first batch of startups under the Technology Adoption Fund (TAF) scheme?
a) ISRO
b) DRDO
c) IN-SPACe
d) NSIL

Answer: c) The Indian National Space Promotion and Authorisation Centre (IN-SPACe) selected the first batch of startups under its Technology Adoption Fund (TAF) scheme to support indigenous development of critical space technologies.