Why in News?
The Technology Development Board (TDB) under the Department of Science & Technology (DST) congratulated Skyroot Aerospace on the successful Vikram-1 mission, highlighting its early recognition through the National Technology Start-up Award 2022.
Key Highlights
- Vikram-1 became India’s first successful private orbital launch vehicle, marking a major milestone for the private space sector.
- Skyroot Aerospace received the National Technology Start-up Award 2022 from TDB-DST.
- The award recognised Skyroot’s indigenous:
- Cryogenic propulsion
- Liquid propulsion
- Solid propulsion technologies
- Skyroot has also submitted a proposal under the Research, Development and Innovation (RDI) Fund, currently under TDB’s consideration.
About Technology Development Board (TDB)
- Established: 1996.
- Statutory body under the Department of Science & Technology (DST).
- Functions under the Technology Development Board Act, 1995.
- Objective: Promote development and commercialization of indigenous technologies.
- Supports innovation through financial assistance (equity, loans, grants) to industries and start-ups.
Prelims Value Addition
National Technology Start-up Award
- Instituted by the Technology Development Board (TDB).
- Presented annually on National Technology Day (11 May).
- Recognises start-ups developing innovative indigenous technologies with high commercialization potential.
[2026] Consider the following statements with regard to involvement of private entities in India’s space programme :
1. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) is an autonomous agency formed to facilitate participation of private entities.
2. Agnikul Cosmos launched the world’s first flight using 3D-printed rocket engine.
3. Skyroot Aerospace has developed liquid fuel for GSLV.
Which of the statements given above is/are correct?
[A] 1 only
[B] 2 and 3 only
[C] 1 and 2 only
[D] 1, 2 and 3