New Delhi, Oct 31 (PTI) IN-SPACe has selected four Indian companies for financial support under its Technology Adoption Fund (TAF), offering them Rs 67.15 crore to develop indigenous technologies across satellite propulsion, in-orbit servicing, and precision timing systems for space, among others.
An autonomous agency under the Department of Space, IN-SPACe promotes, enables, authorises and supervises various space activities of non-governmental entities.
The selected companies are Maharashtra-based Manastu Space, MumbaiSemi, and Inspecity Space Laboratories, and Bengaluru-based VyomIC.
In a statement on Saturday, IN-SPACe said, “The latest announcement builds on IN-SPACe’s first selection under TAF in June 2026, when Astrobase Space Technologies, SatSure Analytics India and TM2SPACE Technologies were selected for funding to develop technologies spanning launch vehicle propulsion, Earth observation analytics and satellite navigation systems.”
TAF is an IN-SPACe initiative designed to support Indian non-governmental entities in absorbing, adapting and commercialising advanced space technologies.
The selected projects will be implemented against defined milestones, with funding and progress monitored according to the scheme’s requirements.
The support is intended to help companies advance technology development and bridge the gap between early-stage innovation and wider adoption. PTI ALC NB
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