India, Feb. 19 -- The Indian National Space Promotion and Authorization Centre (IN-SPACe) has rolled out Technology Adoption Fund (TAF) to financially support the nation's space technology startups and enable them to build commercially viable products while reducing dependence on imported solutions.

"The fund will offer financial support of up to 60% of the project cost for startups and MSMEs, and 40% for larger industries, with a maximum funding cap of INR 25 Cr per project," said Pawan Goenka, chairman, IN-SPACe.

"We have designed this fund to help innovators bridge the gap between early-stage development and commercialization. This support will enable companies to refine their technologies, enhance production processes, and meet mark...