Technology Adoption Fund (TAF)

6.Technology Adoption Fund (TAF): Indian National Space Promotion and Authorization Centre (IN- SPACE) launched the TAF.

• IN-SPACe is a single-window, independent, nodal and autonomous agency under Department of Space (DOS) to facilitate private sector participation in space.
• About TAF: Funding scheme to promote innovation and drive the commercialization of cutting-edge technologies in the space sector.
• Total funding: ₹500Cr.
• Eligibility: Non-Government Entity (NGE) in India.
• Funding scheme: 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 Rs 25 crore per project.