The key outcomes envisaged from the S-TIC include research and innovation in space technology, product development, IPR, prototype development, space start-up and business incubation
Space technology incubation centre (S-TIC) will be set up by the Indian Space Research Organisation (ISRO) at the National Institute of Technology, Rourkela (NIT Rourkela) to carry out research and product development in space technology field.
Start-ups, capacity-building, innovations and research in space technology in Odisha, West Bengal, Bihar, Jharkhand and the Andamans shall be promoted by the incubation centre.
The related research and the products from the S-TIC will be utilized in future space missions, said K. Sivan, chairman of ISRO and secretary department of space.
“The key outcomes envisaged from the S-TIC include research and innovation in space technology, product development, IPR, prototype development, space start-up and business incubation,” both the organisations said in a statement.
For setting up the S-TIC, an annual grant-in-aid of two crore will be provided by ISRO for a period of up to two years to NIT Rourkela as seed money. The required infrastructure inside the campus will be provided by NIT Rourkela.
ISRO has even launched academic satellites into space and has been supporting academic institutions in space science. For India’s satellite and missile testing facilities, the two key destinations are Andhra Pradesh and Odisha.