The
Indian Space Research Organisation (ISRO) on Friday announced that it is going to establish a 'Space Technology Incubation Center' (S-TIC) at the
National Institute of Technology (NIT), Rourkela.
The aim of establishing a S-TIC is to carry out
research and product development in space technology and
applications.
The upcoming centre will promote startups, capacity-building, innovations and research in space technology in the states
Odisha, West Bengal, Bihar and Jharkhand besides the Andaman and Nicobar Islands.
NIT Rourkela will provide its state-of-the-art laboratories, facilities and expert faculties to meet these objectives.
The space technology-related research and the products from the S-TIC will be utilised in future Space missions and will help nation building through 'Aatmanirbhar
Bharat Abhiyan' in space technology and applications domain, K. Sivan, Chairman, ISRO and Secretary Department of Space, Government of India, said in a statement.
Students and research scholars will execute real projects given by ISRO of NIT Rourkela taking guidance from expert faculties, mentors from ISRO and relevant industries, Sivan added.
ISRO will provide an annual Grant-in-Aid of Rs 2 crore for a period of up to two years to NIT Rourkela as seed money for setting up the S-TIC.
The seed money would be utilised for facility augmentation to carry out the research projects and product development taken from ISRO. NIT Rourkela will provide the required infrastructure inside its academic campus.
The key outcomes envisaged from the S-TIC include Research and innovation in space technology, product development, IPR, space start-up, business incubation, etc.
The MoU between ISRO and NIT Rourkela for setting up the S-TIC was signed on March 18, 2021 virtually. This collaboration with ISRO will open up new opportunities for research and development as well as space start-ups.
SEE ALSO:
EaseMyTrip lists at 13.5% premium – but gives up some of the listing gains soon after
OnePlus 9 series specifications and features leaked – here's everything we know about the upcoming OnePlus smartphones
Moto G10 Power mobile review – big battery on a shoestring budget
Future Retail shares take a massive hit as it loses the case against Amazon in Delhi High Court
Next Story
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
Audi to hike vehicle prices by up to 2% from June
Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
Rupee falls 6 paise to 83.39 against US dollar in early trade
Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
