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#News(Startup) [ via IoTGroup ]
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‘We are seeing Isro employees quit and start ventures’: Narayan Prasad
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(This story appears in Forbes India.)
First, a large number of startups and new companies are trying to evolve the business-to-business or even business-to-consumer models in what I would call ‘NewSpace’, instead of the legacy business-to-government mode
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Second, governments in different parts of the world are starting to procure more services from the private sector as a cost-efficient option, based on competition.
There are also public-private-partnership models emerging in Europe.
Software is playing an ever greater role, with aspects like software-defined radios, machine learning, automation-based services and so on.We’re seeing Isro employees quit and starting up ventures, such as, and.
Today there is more investor interest, and ventures including Bellatrix, Agnikul and have raised funding.
Another trend is that of more outsiders stepping into the field.
For example, the founders of Kawa Space and all come from non-space industries and see an opportunity in space technology.Kawa Space, ISRO’s Satellite Maker, Gets Funding From Paytm’s Vijay Shekar Sharma
The maturing of geographic information systems (GIS) and related services into analytics services is an emerging trend.
Among companies operating in this field are SatSure, Numer8, and GeoSpoc.It shows that investors are willing to take calculated risks in the space sector in India.
It also shows that people outside of traditional investment realms are interested in supporting high-risk space startups.
For example, Deepika Padukone is an investor in Bellatrix.While not in millions of dollars, Kawa Space, Exseed Space,,, have all raised funding.
Bellatrix has raised the highest at $3 million.
Berlin Space Technologies is entering into a joint venture with Azista in Ahmedabad to build 150 satellites a year in India and launch out of India.
This is probably the biggest one in terms of collaboration and investment
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