ISRO launches its first Space Technology Incubation Centre in Tripura
Published: September 19, 2018
ISRO has recently launched its first Space Technology Incubation Centre at the National Institute of Technology (NIT) Agartala via remote from Bengaluru. It was jointly launched by ISRO Chairman Dr. KV Sivan and Tripura Chief Minister Biplab Kumar Deb. The incubation centre was launched at the first edition of ‘Spacetronics’ organised by the India Electronics and Semiconductor Association (IESA). Through such incubation centres, ISRO is looking to incubate start-ups that would build applications; offer services and products that it can use internally and help them scale up so that these firms can exploit opportunities globally. Within the next 6 months, ISRO plans to set up five more space technology incubation centres at Jalandhar in Punjab, Bhubaneswar in Odisha, Nagpur in Maharashtra, Indore in Madhya Pradesh and Tiruchirapalli in Tamil Nadu. Each centre will be set up at a cost of Rs 2 crore, and will help the start-ups develop prototypes of components required for space technology, in partnership with the industry. ISRO will also provide the necessary mentorship and guidance to individuals and businesses at the incubation centres.