AIC T-Hub Launches Startup Incubation Program to Foster Growth in India’s Space Tech Ecosystem

• The program redefines space tech by offering global startups unmatched resources and expertise.
• The program aims to empower 10 SpaceTech firms across India.

T-Hub, India’s leading startup incubator, has announced the launch of Space Tech Incubation Program under the AIC T-Hub Foundation program. In collaboration with Atal Innovation Mission (AIM), this initiative is poised to cultivate innovation and fuel growth within India’s emerging SpaceTech entrepreneurial landscape.

The program aims to empower 10 carefully chosen SpaceTech firms across India, leveraging criteria such as founder experience, product innovation, and a robust business model. Participants will gain exclusive access to a spectrum of resources, including grants, venture capitalists, cutting-edge engineering laboratories, global mentors, industry experts, service providers, and the invaluable insights of veteran SpaceTech entrepreneurs. Amongst the selected startups are- Onnes, Nveeas Labs, Spantrik, STEM & Space, TaraMandal, Hindustan Magnesium Products Private Limited.

Selected  startups will undergo a dynamic curriculum of intensive mentorship, product-market-fit, corporate connects,  investor access and go-to market activities meticulously 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.

Mahankali Srinivas Rao, CEO, 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.”

Additionally, 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.

About T-Hub: 

T-Hub (Technology Hub) is an innovation hub and ecosystem enabler. Based out of Hyderabad, India, T-Hub leads India’s pioneering innovation ecosystem and is the world’s largest innovation campus. Over the six years, T-Hub has pivoted around the 6Ms (Mentors, Market, Motivation, Manpower, Money, Methodologies) and 2Ps (Partnerships & Policy advisory) framework with a mission of driving results and collaboration for entrepreneurs’ success. With its impressive track record of nurturing over 3,000 startups, 150 mentors, 350 corporate partners,T-hub’s startups have raised a remarkable $3.5 billion in investments. It has delivered 100+ innovation programs so far, creating an impact for start-ups, corporations, and other innovation ecosystem stakeholders.

ABOUT AIC-AIM

Atal Innovation Mission (AIM) intends to support the establishment of new greenfield incubation centres called Atal Incubation Centres (AICs) that would nurture innovative startups in their pursuit to become scalable and sustainable business enterprises. AIM will support these AICs in creating world-class incubation facilities across the country with the state-of-the-art physical infrastructure, in terms of capital equipment and operating facilities available to their incubated startups, coupled with the availability of sectoral experts for mentoring. Apart from this, business planning support, access to seed capital, industry partnerships, training and other relevant components required for supporting innovative startups will be provided.