A Bull Run for Indian Space Startups: Exciting Developments in August!

The past month has witnessed an exhilarating bull run for Indian space startups, marking a significant milestone in the country's burgeoning space sector.

At the end of August, TAcc+ (Taiwan Accelerator Plus) announced the 2024 cohort of their "International SpaceTech Startup Supporting Program." We are proud to share that four Indian startups — Omspace Rocket & Exploration Private Limited, Manastu Space, Ethereal Exploration Guild, and Skyroot Aerospace — have made it to this prestigious lineup!

This year's program focused on key areas such as Rocket Manufacturing & Launch Components, Communication Satellites & Related Systems, and Applications for Remote Imaging and Sensing. The selected startups will benefit from a wide range of support services, including:

• Supply Chain and Ecosystem Matchmaking: Connecting startups with industry leaders and partners to enhance operational efficiency.

• Corporate Innovation Tours: Providing insights into corporate practices and fostering collaboration.

• Field Verification of Applications: Testing and validating technologies in real-world scenarios.

• Promotion and Industry Co-Creation/Strategic Investment: Opportunities for joint ventures and funding to scale operations.

• A Fully Paid One-Month Support Program in Taiwan: An immersive experience that equips startups with vital knowledge and resources.

Meet the Innovators

Here’s a brief introduction to the outstanding Indian startups making waves in the space sector:

• Skyroot Aerospace: Founded in 2019 by Pawan Kumar Chandana and Naga Bharath Daka, this Hyderabad-based commercial launch service provider is focused on the small satellite market, offering efficient and reliable launch services.

• Ethereal Exploration Guild: Established in 2022 by Manu J. Nair, Shubhayu S., and Prashanth S., this Bangalore-based startup aims to reduce space transportation costs with a new medium-lift vehicle designed for complete reusability.

• Omspace Rocket & Exploration Private Limited: Founded in 2020 by Mr. Ravindra Raj BM, this Ahmedabad-based launch vehicle provider is dedicated to building a rocket capable of launching nano and small satellites into Lower Earth Orbit (LEO).

• Manastu Space: Founded in 2017 by Tushar Jadhav and Ashtesh Kumar, this Mumbai-based Space Safety and Logistics Company provides innovative technologies aimed at protecting the trillion-dollar space industry from debris pollution.

A Promising Future

The inclusion of these four Indian startups in the TAcc+ program not only underscores their innovative capabilities but also highlights the tremendous potential of the Indian space industry on a global scale. As we continue to foster collaboration and innovation, the future looks bright for the Indian space sector. Stay tuned for more updates and developments from the thriving world of Indian space startups! For more insights and news, visit us at www.omspace.in.