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Union Minister Dr. Jitendra Singh says six start-ups were selected and supported by ISRO with a grant-in-aid of a maximum of Rs 50 lakhs each in areas like geospatial information, propulsion, and robotics/ AR/VR
By PIB Delhi
Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today informed that six start-ups were selected and supported by ISRO with a grant-in-aid of a maximum of Rs 50 lakhs each in areas like geospatial information, propulsion and Robotics/ AR/VR.
In Reply to a question in the Lok Sabha, Dr. Jitendra Singh said, ISRO along with Atal Innovation Mission (AIM), NITI Aayog launched the ANIC-ARISE-1.0 program that aims to seek, select, support, and nurture technology-based innovations that solve sectoral challenges of national importance. The Minister said that twenty-Four start-ups submitted their proposals, out of which six start-ups were selected and supported with a grant-in-aid of a maximum of Rs 50 lakhs each.
ANIC-ARISE-1.0 has the following three space sector challenges to get project proposals from start-ups: (i) geospatial information, (ii) propulsion, and (iii) Robotics/ Augmented Reality/Virtual Reality.
ANIC-ARISE-2.0 has been launched with four space sector challenges: (i) GIS solutions, (ii) Propulsion, (iii) Navigation & (iv) AI/ML modeling for space applications, seeking project proposals from start-ups in these areas. Selected start-ups will be supported with a grant-in-aid of a maximum of INR 50 lakhs each.
