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What is a significant challenge faced by space start-ups in India?
  • a)
    Abundance of early-stage funding
  • b)
    Transparency in procurement processes
  • c)
    Lack of affordable public liability insurance
  • d)
    High levels of intellectual property protection
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What is a significant challenge faced by space start-ups in India?a) A...
A major challenge for space start-ups in India is the lack of affordable public liability insurance, which creates financial risks for these ventures. This issue can deter investment and growth, as potential investors may be concerned about the liabilities associated with space activities. Addressing this challenge is critical for enabling a supportive environment for innovation in the space sector. An interesting fact is that insurance for space missions can be particularly costly due to the high risks involved, which can include the loss of expensive equipment and potential damage to populated areas during launches.
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What is a significant challenge faced by space start-ups in India?a) Abundance of early-stage fundingb) Transparency in procurement processesc) Lack of affordable public liability insuranced) High levels of intellectual property protectionCorrect answer is option 'C'. Can you explain this answer?
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