Hyderabad’s startup incubator, T-Hub, has introduced the Space Tech Incubation Program in collaboration with the Atal Innovation Mission (AIM). The program is set to transform India’s SpaceTech sector by nurturing ten selected startups, including Onnes, Nveeas Labs, Spantrik, STEM & Space, TaraMandal, and Hindustan Magnesium Products Private Limited. These startups were chosen based on founder experience, product innovation, and strong business models.
Selected startups will gain access to grants, venture capitalists, cutting-edge labs, global mentors, industry experts, and insights from seasoned spacetech entrepreneurs. The program offers a comprehensive curriculum focusing on mentorship, market fit, corporate connections, and investor access.
Featuring active participation from founders of leading space companies like Skyroot and Dhruva Space, the program aims to advance space technology by providing a nurturing ecosystem for startups. The launch event saw the presence of key figures like Mahankali Srinivas Rao, Dr. G Satheesh Reddy, Pawan Kumar Chandana, Sanjay Nekkanti, and Hitendra Gandhi, emphasizing the program’s significance in the SpaceTech sector.
Rajesh Adla, CEO of AIC T-Hub Foundation, expressed excitement about the initiative, highlighting its commitment to nurturing a thriving ecosystem for startups and fostering advancements in space technology.
Atal Innovation Mission (AIM) supports the establishment of Atal Incubation Centres (AICs) like AIC T-Hub, aiming to provide world-class incubation facilities and support for innovative startups to become scalable and sustainable enterprises. AIM provides crucial resources such as physical infrastructure, sectoral experts, business planning support, access to seed capital, industry partnerships, and training to incubated startups.