Connect with us

Space & Physics

India’s space economy soars: A $130 million VC fund to ignite innovation

The $130 million Venture Capital Fund is more than just a financial investment; it’s a catalyst for growth, innovation, and self-reliance in India’s space sector

Published

on

Image credit: Pixabay

In a dynamic leap toward becoming a global leader in space technology, India is set to launch a $130 million Venture Capital (VC) Fund dedicated to its burgeoning space sector. Announced by Prime Minister Narendra Modi, this initiative, spearheaded by the Indian National Space Promotion and Authorization Centre (IN-SPACe), aims to ignite innovation and support the country’s growing number of space startups.

A New Era for Space Startups

For many aspiring entrepreneurs in India’s space industry, access to funding has often been a significant barrier. Traditional lenders are typically hesitant to invest in the high-risk, high-reward arena of space technology. This new VC Fund is designed to fill that gap, providing essential capital to startups looking to take off.

“The fund is a game-changer,” says Dr. Anjali Rao, a space technology analyst. “It signals to investors that the government believes in the potential of our space industry. We’re going to see a surge in innovative solutions coming from Indian startups.”

Bridging the Funding Gap

The $130 million crore initiative is not just about money; it’s about fostering a supportive ecosystem. Over the next five years, the fund will allocate capital strategically, with plans to invest between $18.3 million and $30.5 million annually. This structured investment approach is designed to cater to both early-stage startups and more established firms, ensuring that companies at various levels of maturity can benefit.

For startups in their infancy, funding will range from $1.22 million to $ 3.66 million. More established companies with proven track records could receive up to $7.32 million. This tiered approach allows us to support a diverse range of companies and their unique needs.

Talent Retention and Economic Growth

One of the critical goals of the VC Fund is to prevent brain drain. Many skilled professionals have moved abroad for better opportunities, but this fund aims to retain talent by creating a thriving domestic ecosystem. “We’re not just creating jobs; we’re building a community of innovators who want to stay and grow in India,” says Dr. Meera Gupta, a startup consultant based in Mumbai, India.

Currently, India’s space economy is valued at approximately USD 8.4 billion, capturing about 2% of the global market. The government aims to quintuple this figure to USD 44 billion by 2033

The anticipated impact on employment is significant. The fund is expected to generate thousands of jobs across various sectors, from engineering to data analysis. As companies expand, indirect job creation in logistics and support services will also flourish.

Global Ambitions

Currently, India’s space economy is valued at approximately USD 8.4 billion, capturing about 2% of the global market. The government aims to quintuple this figure to USD 44 billion by 2033, with a strong focus on increasing exports. This vision positions India as a formidable player in the international space arena.

For startups in their infancy, funding will range from $1.22 million to $ 3.66 million. More established companies with proven track records could receive up to $7.32 million

As countries around the world recognize the strategic importance of their space sectors, India’s initiative aligns with global trends. Countries like the UK, Italy, and Japan have established similar funds to stimulate innovation and private sector participation. “India is taking a bold step in this direction, and the potential is immense,” remarks Dr. Rao.

Looking Ahead

As the launch of the VC Fund approaches, excitement is building within the Indian space community. Startups are already gearing up to apply for funding, eager to leverage the support that will help them bring their visions to life. “This is just the beginning,” says Dr. Gupta. “With the right backing, we can achieve remarkable things.”

The $130 million Venture Capital Fund is more than just a financial investment; it’s a catalyst for growth, innovation, and self-reliance in India’s space sector. As India looks to the stars, the world will be watching to see how this initiative transforms the landscape of space technology.

Space & Physics

New double-slit experiment proves Einstein’s predictions were off the mark

Results from an idealized version of the Young double-slit experiment has upheld key predictions from quantum theory.

Published

on

Two individual atoms suspended in a vacuum chamber are illuminated by a laser beam, serving as the two slits. Scattered light interference is captured by a highly sensitive camera shown as a screen. Credit: Courtesy of the researchers/MIT
  • MIT physicists perform the most idealized double-slit experiment to date, using individual atoms as slits.
  • Experiment confirms the quantum duality of light: light behaves as both a particle and a wave, but both behaviors can’t be observed simultaneously.
  • Findings disprove Albert Einstein’s century-old prediction regarding detecting a photon’s path alongside its wave nature.

In a study published in Physical Reviews Letters on July 22, researchers at MIT have realized an idealized version of the famous double-slit experiment in quantum physics yet.

The double-slit experiment—first devised in 1801 by the British physicist Thomas Young—remains a perplexing aspect of reality. Light waves passing through two slits, form interference patterns on a wall placed behind. But this phenomenon is at odds with the fact light also behaves as particles. The contradiction has lent itself to a paradox, which sits at the foundation of quantum mechanics. It has sparked a historic scientific duel nearly a century ago, between physics heavyweights Albert Einstein and Niels Bohr. The study’s findings have now settled the decades-old debate, showing Einstein’s predictions were off the mark.

Einstein had suggested that by detecting the force exerted when a photon passes through a slit—a nudge akin to a bird brushing past a leaf—scientists could witness both light’s wave and particle properties at once. Bohr countered with the argument that observing a photon’s path would inevitably erase its wave-like interference pattern, a tenet since embraced by quantum theory.

The MIT team stripped the experiment to its purest quantum elements. Using arrays of ultracold atoms as their slits and weak light beams to ensure only one photon scattered per atom, they tuned the quantum states of each atom to control the information gained about a photon’s journey. Every increase in “which-path” information reduced the visibility of the light’s interference pattern, flawlessly matching quantum theory and further debunking Einstein’s proposal.

“Einstein and Bohr would have never thought that this is possible, to perform such an experiment with single atoms and single photons,” study senior author and Nobel laureate, Wolfgang Ketterle, stated in a press release. “What we have done is an idealized Gedanken (thought) experiment.”

In a particularly stunning twist, Ketterle’s group also disproved the necessity of a physical “spring”—a fixture in Einstein’s original analogy—by holding their atomic lattice not with springs, but with light. When they briefly released the atoms, effectively making the slits “float” in space, the same quantum results persisted. “In many descriptions, the springs play a major role. But we show, no, the springs do not matter here; what matters is only the fuzziness of the atoms,” commented MIT researcher Vitaly Fedoseev in a media statement. “Therefore, one has to use a more profound description, which uses quantum correlations between photons and atoms.”

The paper arrives as the world prepares for 2025’s International Year of Quantum Science and Technology — marking 100 years since the birth of quantum mechanics. Yoo Kyung Lee, a fellow co-author, noted in a media statement, “It’s a wonderful coincidence that we could help clarify this historic controversy in the same year we celebrate quantum physics.”

Continue Reading

Space & Physics

Researchers Uncover New Way to Measure Hidden Quantum Interactions in Materials

Published

on

Image credit: Pixabay

A team of MIT scientists has developed a theory-guided strategy to directly measure an elusive quantum property in semiconductors — the electron-phonon interaction — using an often-ignored effect in neutron scattering.

Their approach, published this week in Materials Today Physics, reinterprets an interference effect, typically considered a nuisance in experiments, as a valuable signal. This enables researchers to probe electron-phonon interactions — a key factor influencing a material’s thermal, electrical, and optical behaviour — which until now have been extremely difficult to measure directly.

“Rather than discovering new spectroscopy techniques by pure accident, we can use theory to justify and inform the design of our experiments and our physical equipment,” said Mingda Li, senior author and associate professor at MIT, in a media statement.

By engineering the interference between nuclear and magnetic interactions during neutron scattering, the team demonstrated that the resulting signal is directly proportional to the electron-phonon coupling strength.

“Being able to directly measure the electron-phonon interaction opens the door to many new possibilities,” said MIT graduate student Artittaya Boonkird.

While the current setup produced a weak signal, the findings lay the groundwork for next-generation experiments at more powerful facilities like Oak Ridge National Laboratory’s proposed Second Target Station. The team sees this as a shift in materials science — using theoretical insights to unlock previously “invisible” properties for a range of advanced technologies, from quantum computing to medical devices.

Continue Reading

Space & Physics

Dormant Black Holes Revealed in Dusty Galaxies Through Star-Shredding Events

Published

on

Image credit: NRAO/AUI/NSF/NASA

In a major discovery, astronomers at MIT, Columbia University, and other institutions have used NASA’s James Webb Space Telescope (JWST) to uncover hidden black holes in dusty galaxies that violently “wake up” only when an unsuspecting star wanders too close.

The new study, published in Astrophysical Journal Letters, marks the first time JWST has captured clear signatures of tidal disruption events (TDEs) — catastrophic episodes where a star is torn apart by a galaxy’s central black hole, emitting a dramatic burst of energy.

“These are the first JWST observations of tidal disruption events, and they look nothing like what we’ve ever seen before,” said lead author Megan Masterson, a graduate student at MIT’s Kavli Institute for Astrophysics and Space Research. “We’ve learned these are indeed powered by black hole accretion, and they don’t look like environments around normal active black holes.”

Until now, nearly all TDEs detected since the 1990s were found in relatively dust-free galaxies using X-ray or optical telescopes. However, researchers suspected many more events remained hidden behind thick clouds of galactic dust. JWST’s powerful infrared vision has finally confirmed their hunch.

By analyzing four galaxies previously flagged as likely TDE candidates, the team detected distinct infrared fingerprints of black hole accretion — the process of material spiraling into a black hole, producing intense radiation. These signatures, invisible to optical telescopes, revealed that all four events stemmed not from persistently active black holes but dormant ones, roused only when a passing star came too close.

“There’s nothing else in the universe that can excite this gas to these energies, except for black hole accretion,” Masterson noted.

Among the four signals studied was the closest TDE ever detected, located 130 million light-years away. Another showed an initial optical flash that scientists had earlier suspected to be a supernova. JWST’s readings helped clarify the true cause.

“These four signals were as close as we could get to a sure thing,” said Masterson. “But the JWST data helped us say definitively these are bonafide TDEs.”

To determine whether the central black holes were inherently active or momentarily triggered by a star’s disruption, the team also mapped the dust patterns around them. Unlike the thick, donut-shaped clouds typical of active galaxies, these dusty environments appeared markedly different — further confirming the black holes were usually dormant.

“Together, these observations say the only thing these flares could be are TDEs,” Masterson said in a media statement.

The findings not only validate JWST’s unprecedented ability to study hidden cosmic phenomena but also open new pathways for understanding black holes that lurk quietly in dusty galactic centers — until they strike.

With future observations planned using JWST, NEOWISE, and other infrared tools, the team hopes to catalog many more such events. These cosmic feeding frenzies, they say, could unlock key clues about black hole mass, spin, and the very nature of their environments.

“The actual process of a black hole gobbling down all that stellar material takes a long time,” Masterson added. “And hopefully we can start to probe how long that process takes and what that environment looks like. No one knows because we just started discovering and studying these events.”

Continue Reading

Trending