IN-SPACe launches tech adoption fund to boost space sector

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India’s space regulator, IN-SPACe, has launched the Technology Adoption Fund (TAF) to boost indigenous space technology development. The fund offers substantial financial support to startups, MSMEs, and larger industries, with up to 60% project cost coverage and a cap of Rs 25 crore per project. TAF aims to reduce dependence on imported technologies and foster domestic innovation.