Techno-Commercial Aspects of Space-Based Startups Ecosystem in India

Abstract

Internationally, space industry is going under transformational evolution which in turn is giving rise to new business model and opportunities to entrepreneurs, innovators and startups. Space sector in India is ready to take a next leap as its pioneer Indian Space Research Organization (ISRO) has come a long way by securing the podium place on launching 104 satellites into the intended orbit successfully. This exponential growth has propelled and fuelled the dream of many startups and innovators who are eager to contribute and explore the endless boundaries of space. This paper envisages that the opportunities startups can grab in space segment by learning to explore technological innovation and become commercially revenue garnering entity. Startup India initiative by the Indian Government and establishment of six space technology-based incubators by ISRO will build a strong ecosystem for nurturing the innovation and startups.