T-Hub has launched the Space Tech Incubation Program under the AIC T-Hub Foundation program. This initiative is a collaboration with Atal Innovation Mission (AIM) and aims to promote innovation and growth within India’s emerging SpaceTech entrepreneurial landscape.
The program’s goal is to empower ten carefully selected SpaceTech firms across India, based on criteria such as founder experience, product innovation, and a robust business model. Participants will have access to a range of resources, including grants, venture capitalists, cutting-edge engineering laboratories, global mentors, industry experts, service providers, and the invaluable insights of veteran SpaceTech entrepreneurs.
The selected startups include Onnes, Nveeas Labs, Spantrik, STEM & Space, TaraMandal, and Hindustan Magnesium Products Private Limited. The selected startups will undergo a dynamic curriculum of intensive mentorship, product-market-fit, corporate connects, investor access, and go-to-market activities designed to accelerate their growth trajectory. The program will feature the active involvement of top founders from leading space companies such as Skyroot and Dhruva Space.
Their invaluable time and expertise will be dedicated to nurturing and mentoring the participating startups, enhancing the overall impact of the program.
Moreover, the program takes a collaborative approach by forming strategic partnerships with key players in the space tech ecosystem, such as space agencies, investment bodies, and corporate companies. The launch event of the program witnessed the presence of eminent dignitaries, including Mahankali Srinivas Rao, CEO of T-Hub, Dr. G Satheesh Reddy, Former DRDO, Chairman & Former Scientific Adviser to Raksha Mantri, Ministry of Defence, Govt of India, Pawan Kumar Chandana of Skyroot Aerospace, Sanjay Nekkanti of Dhruva Space, and Hitendra Gandhi from the Government of Western Australia. Their presence underscored the program’s significance, highlighting a collaborative effort to drive innovation in India’s SpaceTech sector.
Mahankali Srinivas Rao, CEO of T-Hub, said, ” The launch of our Space Tech Program marks a significant step towards building a thriving and collaborative environment for startups in this transformative industry. Our program is designed to empower SpaceTech startups by providing a robust ecosystem with unparalleled access to essential resources.”
Rajesh Adla, CEO of AIC T-Hub Foundation, said, “We are excited to introduce the Space Tech Incubation Program under the AIC T-Hub Foundation. This initiative underscores our commitment to providing a nurturing ecosystem where startups can thrive, fostering a new wave of advancements in space technology. We are excited about the possibilities this collaboration holds and the transformative impact it can have on shaping the future of the space industry in India.”