The Pre-Incubation Entrepreneurship (PIE) development initiative has been launched by the Indian National Space Promotion and Authorization Centre (IN-SPACe) to assist and promote early-stage space entrepreneurs. Under the Department of Space, IN-SPACe functions as an independent nodal agency.

The PIE development program, according to IN-SPACe officials, will nurture and enable the upcoming generation of space tech innovators by giving them the resources and direction they need to turn their aspirations into reality.

Aspiring entrepreneurs will be guided through a complete journey divided into distinct phases of ideation, creativity and prototype creation during the 21-month program. The initiative will guarantee that aspiring business owners receive organized assistance in every crucial circumstance of their growth.

“India’s space sector is poised for exponential growth, and young entrepreneurs are crucial to driving this expansion,” stated Dr. Pawan Goenka, Chairman of IN-SPACe. The PIE programme will provide a launchpad, equipping them not only with technical expertise but also with the business acumen needed to navigate the complexities of the space industry. Early-stage assistance will strengthen India’s position as a leader in the international space industry and help unleash the potential of creative brains.

It will be very beneficial to get direct access to seasoned professionals and subject matter experts for networking and insightful comments. It will promote an innovative culture among businesspeople, advance scientific discoveries that have positive socioeconomic effects, foster wider economic growth and generate new employment possibilities in India’s space industry. Early-stage start-ups are defined as those that register with the Department for Promotion of Industry and Internal Trade (DPIIT) on or after July 1, 2022.

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