India’s $58M Space Fund Is a Boon for AM Innovation
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India’s space industry is picking up serious momentum. With a projected $44 billion space economy by 2033, the country is aggressively expanding its capabilities, fostering private-sector participation, and reducing its need for foreign technology. Now, with the launch of the Technology Adoption Fund (TAF) by the Indian National Space Promotion and Authorization Center (IN-SPACe), an autonomous government agency under the Department of Space, India’s space startups have a new financial lifeline.
The ₹5 billion ($58 million) fund was created to support early-stage R&D and innovations, helping them transition into commercially viable products. And while the initiative broadly covers various space technologies, one sector stands to gain significantly: 3D printing for space applications.
Feature image: India launched Chandrayaan-3 to the moon in 2023. Image courtesy of ISRO.
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