Tag Archives: Startups
Space startups eye opportunities in the orbital surveillance market
Top Stories Tamfitronics Rendering of Atomos Space's Quark in-space servicing vehicle. Credit: Atomos SpaceWASHINGTON Space startups are vying for a slice of the growing market for enhanced space domain awareness (SDA) in geostationary orbit, with some firms exploring options to retrofit existing satellites with new surveillance capabilities.Atomos Space, an in-space transportation and logistics startup, is planning two missions to GEO where its servicing vehicle will attach SDA payloads developed by Katalyst Space onto commercial telecom satellites.This move comes as the U.S. military seeks to augment its space surveillance capabilities, particularly in GEO orbit 22,000 miles above the Earth’s equator. where its most valuable spacecraft operate and where adversaries are also deploying new systems.Top Stories Tamfitronics Quark servicing vehicleWilliam Kowalski, co-founder and chief operating officer of Atomos Space, told SpaceNews the company plans to launch...
Startups seek tax sops available to manufacturing sector
Business new tamfitronics MUMBAI: Startups are seeking tax incentives for the sector in the upcoming Budget. The industry, for instance, is batting for similar benefits which have been extended to the manufacturing sector. "Manufacturing companies benefit from lower tax rates to boost activities in line with the 'Make in India' initiative. Similar tax incentives should be considered for startups, especially those working to strengthen the Digital India initiative.Startups invest heavily in R&D and tech infrastructure. Incentives such as weighted tax deductions and subsidies for R&D employee costs would significantly promote R&D activities in the startup ecosystem and create more employment opportunities," said Arpit Chug, CFO at Razorpay.Easing Esop (employee stock ownership plan) taxation for startups would go a long way in helping companies retain talent, said Mayank Kumar, co-founder & MD at UpGrad....
