India’s space regulator and promoter, IN-SPACe, has introduced the Technology Adoption Fund (TAF) to boost the commercialization of early-stage space innovations. Designed for startups, MSMEs, and private companies, the fund will help transition space tech ideas into market-ready solutions while reducing reliance on imports.
TAF offers partial funding to non-government entities, covering up to 60% of project costs for startups and MSMEs and 40% for larger companies, with a maximum funding cap of $3 million per project, according to IN-SPACe Chairman Pawan Goenka.
“We aim to bridge the gap between innovation and commercialization,” Goenka stated, emphasizing that the fund will help companies refine technologies, improve production, and meet domestic and global market needs.
Eligible companies can register on the IN-SPACe digital platform to review guidelines and submit applications.
Lt Gen AK Bhatt (retd), Director General of the Indian Space Association (ISpA), welcomed the initiative, highlighting that TAF will accelerate the journey from concept to commercialization, strengthening India’s role in the global space industry.
