Cloud giant AWS's India unit Amazon Web Services (AWS) India recently launched the AWS Space Accelerator: India, its first accelerator program in the country dedicated to nurturing startups in the spacetech sector.
Clint Crosier, Director of Aerospace and Satellite, AWS, said that cloud computing is crucial to power the future of the space industry.
He said it enables spacetech startups to harness high-performance computing resources to perform intensive data analysis, apply machine learning models, and innovate in their missions, while achieving lower cost of operations, faster time-to-market, and deployment at scale.
Partnering with Hyderabad's T-Hub and Minfy
AWS India has partnered with Hyderabad's T-Hub and Minfy to provide a comprehensive blend of technical, business, and mentorship support to propel the growth and development of spacetech startups in the country.
“The launch of AWS’s first space accelerator for India-based startups directly supports our commitment to the Indian space industry through our MoU with ISRO, and IN-SPACe, announced last year,” said Shalini Kapoor, Director and Chief Technologist, Public Sector, AWS India Private Limited.
The partnership comes after an MoU was signed with ISRO and IN-SPACe last September.
"This program is set to propel innovation, foster collaboration, and strengthen the startup ecosystem in India. With T-Hub’s dedicated mentorship, hands-on technical support, and a vibrant alumni network, we are committed to helping startups reach new heights in the space sector," said Mahankali Srinivas Rao, CEO, T-Hub.
What are the benefits for startups?
The 14-week accelerator program will offer India-based startups, whether in early stages or more mature, a robust platform to build, grow, and scale space-related missions, as per the company's statement.
AWS will provide up to $100,000 in credits, expert guidance from ISRO, IN-SPACe, and AWS, alongside business and technology support from T-Hub and Minfy.
Addressing challenges faced by spacetech startups
The company said it aims to address the unique challenges faced by space tech startups, including the need for significant capital investment, access to skilled labour, and the development and testing of the technology in a high-risk environment.
The program is open for applications until March 17th, 2024.
“Technologies such as generative AI open transformative opportunities for space-tech, and we are committed to help startups innovate and develop sustainable solutions for the space sector," Crosier added.
AWS said the program not only aims to provide startups with the necessary tools and resources but also to educate them on space domain technologies and applications.
The company will enable the startups to leverage space data and build scalable solutions using cloud computing, data analytics, and machine learning, to make significant impacts across various sectors, including agriculture, aviation, climate change, and more.
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