Thiruvananthapuram: Kerala Startup Mission (KSUM) has signed a Letter of Intent (LoI) with France’s space agency Centre National d’Et-udes Spatiales (CNES) through ‘Connect by CNES’ initiative, strengthening collaboration between French and Indian space tech ecosystems, besides paving the way for global exposure.
The agreement, which will enable Indian startups to scale new heights globally and broaden their market access, forms part of the ‘Connect by CNES’ initiative,’ launched by the French space agency in 2018 to support innovative products and services using space technology and solutions.
Dr Saji Gopinath, CEO, KSUM and Dr Gilles Rabin, Director-Innovation, Applications and Science, CNES signed the LoI here the other day.
KSUM, Indian Space Research Organisation (ISRO) and Airbus Biz Labs jointly formed the initiative called the Space Technology Application Development Ecosystem (STADE) to provide opportunities for startups and firms in space data analytics and developing equipment two months ago.
As per the LoI, startups and small and medium companies operating within the STADE will get market access to potential customers and investors in France, provided they do not directly compete with French entities working on similar products or services.
