100 startups have registered with ISRO, says Chairman Somanath

Somanath said ISRO has signed Memoranda of Understanding with companies to work closely which include hand holding in space technology and building processes from start to finish.

Indian Space Research Organisation (ISRO) Chairman S Somanath on Thursday said about 100 start-ups were registered with them and were working closely in various domains of the space sector.

Indian Space Research Organisation (ISRO) Chairman S Somanath with others holds miniature model of rocket LVM3-M2. (Representative Image/ ANI)

Addressing a plenary session at the Bengaluru Tech Summit 2022 on 'R&D of India – Innovation for Global Impact,' he said ISRO has signed Memoranda of Understanding with companies to work closely which include hand holding in space technology and building processes from start to finish.

He said a significant number of companies have the potential to become big players in the space sector and ISRO is playing the role of facilitator and helping in building technologies. He added, out of 100 start-ups, at least 10 of them are working on developing satellites and rockets.

Somanath announced that Chandrayaan-3 mission will be in orbit in a few months adding that ISRO is working closely with Nasa in space technology areas. He said the computer that was used in the rocket was made in India.

In his presentation, he said space tourism has picked in the world with start-ups evincing interest in various applications which impact the day-to-day activities. According to him, Isro is playing an important role in smart city projects and smart manufacturing processes.