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TDB starts RDI fund payments with deeptech bets in space drones and biotech at startup friendly ticket sizes

TDB starts RDI fund payments with deeptech bets in space drones and biotech at startup friendly ticket sizes

The Technology Development Board (TDB) has begun disbursing the first tranche of India’s Rs 1 lakh crore Research and Development Initiative (RDI) fund, aimed at accelerating deeptech innovation with minimal government interference. TDB expects to release Rs 500–600 crore this fiscal year through investments sized from Rs 3 crore to Rs 100–150 crore per project. It has selected 22 projects so far across drones, spacetech, advanced batteries and biotech, including Rs 50 crore for indigenous cell therapies and Rs 105 crore for a modular satellite platform.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Google in talks with SpaceX to build data centres in Earth orbit

Google in talks with SpaceX to build data centres in Earth orbit

Google is reportedly in early discussions with Elon Musk’s SpaceX about launching a rocket deal to support data centres in Earth orbit, according to The Wall Street Journal. The proposal would shift some cloud infrastructure from ground-based sites to space, aligning with Google’s growing space ambitions and potentially reshaping latency, scale, and security assumptions.

Summarised by Beize from a story on Republic on 12 May 2026

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Pixxel and Sarvam team up to launch an orbital data centre satellite running AI in space

Pixxel and Sarvam team up to launch an orbital data centre satellite running AI in space

US-Indian space company Pixxel is partnering with Bengaluru AI startup Sarvam to build “Pathfinder,” an orbital data-centre satellite. Pixxel will design, build, launch and operate it, while Sarvam’s full-stack language models will train and run inference in orbit on data-centre-class GPUs. The aim: process hyperspectral imagery and generate insights in real time, cutting delays and reducing dependence on Earth-based cloud infrastructure.

Summarised by Beize from a story on YourStory on 5 May 2026
Foxconn launches second generation LEO satellites with SpaceX Falcon 9 push into space

Foxconn launches second generation LEO satellites with SpaceX Falcon 9 push into space

Taiwanese electronics giant Foxconn says its second-generation low-Earth orbit satellites have been launched aboard a SpaceX Falcon 9 from California. The move marks Foxconn’s newest attempt to break beyond hardware manufacturing and into space technology, signaling deeper investment in satellite systems and next-stage deployment plans for its LEO constellation ambitions.

Summarised by Beize from a story on The Economic Times on 3 May 2026
Karnataka launches India first state-led space tech CoE in Bengaluru to turn research into products

Karnataka launches India first state-led space tech CoE in Bengaluru to turn research into products

Karnataka has launched India’s first state-led Centre of Excellence for Space Technology (CoE SpaceTech Foundation) in Bengaluru. The initiative is designed to close the gap between research and market-ready solutions by backing applied innovation, training talent, and building an ecosystem. It will bring together government, industry, startups, and academia to help accelerate India’s space economy.

Summarised by Beize from a story on The Economic Times on 1 May 2026
EON Space Labs builds ultra light satellite optics to cut launch weight and import delays

EON Space Labs builds ultra light satellite optics to cut launch weight and import delays

EON Space Labs, founded in 2022, is closing India’s optical payload gap by designing lightweight EO and IR imaging systems. Its MIRA telescope—just 502 grams—flew on PSLV-C62 in Jan 2026, reducing dependence on imported optics with long lead times. The company is now scaling manufacturing with a planned Rs 120 crore facility and aiming for larger contracts and recurring upgrades.

Summarised by Beize from a story on YourStory on 28 Apr 2026

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