Taiwan's Ministry of Economic Affairs (MOEA), through the Small and Medium Enterprise and Startup Administration (SMESA), organizes the International SpaceTech Startup Supporting Program, a key initiative within the Taiwan Accelerator Plus (TAcc+). This year, TAcc+ invited eleven startups from seven countries to Taiwan to connect with local research institutions and supply chain players.
Now in its second year, the program aims to connect local startups with the information and communication technology (ICT) supply chain while attracting talented SpaceTech startups from around the globe to Taiwan. By fostering
partnerships between established companies and emerging startups, the program seeks to promote innovation and support international expansion.
Among the exciting participants in this year's initiative are three innovative startups specializing in launch service:
DBSpaceS.r.l.
DBSpace is the first IP factory in the world to focus on next-generation electric pumps and enabling the future of propulsion.
The startup was established in Italy in 2021. Founders have long multi-industry work experiences matured in world-class organizations (including NASA, Rolls-Royce, ESA, Ferrari, and Uber), a track record of technology delivery at high Technology Readiness Levels, and several experiences as entrepreneurs.
DBSpace is dedicated to making high-performance propulsion systems both affordable and simple, offering a comprehensive solution for reusable, cost-effective, and scalable e-pumps. The commitment to innovation enables superior performance through robust technical expertise and a unique "IP factory" platform. By utilizing standardized and scalable technology within an agile R&D framework, DBSpace achieves faster time-to-market and lower costs. The proprietary technology supports the latest trends in space propulsion, including cryogenic liquid methane and LOX, as well as storable green propellants, making it adaptable for a wide range of applications.
The e-pumps can be seamlessly integrated into various propulsion systems, including spacecraft, orbital transfer vehicles, kick-stages, planetary exploration vehicles, landers, cargo vehicles, and nano- and micro-launchers. After successfully testing numerous prototypes, DBSpace has garnered interest from multiple companies eager to explore these technological solutions. Letters of Intent have already been signed towards technology and commercial partnerships. Currently, tech demonstrators are being developed for integration into engine test beds, with plans for the first space validation in operational environments.
DBSpace employs a dual strategy that focuses on applications both in space and on Earth, driving the development of cutting-edge propulsion systems across various industries, including space, aviation, clean mobility, and energy. The visit to Taiwan is aimed at engaging with the local space and high-tech ecosystem and exploring potential partnerships with manufacturers of rockets, space vehicles, and propulsion systems. Additionally, opportunities in components manufacturing and parts supply are considered, as Taiwan serves as a strategic gateway to the Asia-Pacific region.
Fruitful trip leading to future partnerships
Having visited the Taiwan Space Agency (TASA), Advanced Rocket Research Center (ARRC) of NYCU, TiSpace, and several mechanical parts and component suppliers, DBSpace found that they are ideal customers or partners because the company provides technology for propulsion systems. This trip to Taiwan proved to be very fruitful because it also found a potential future partnership with a startup that makes payload systems.
DBSpacewas very impressed by Taiwan's semiconductor industry. It aims to build partnerships with local component providers to help it prepare for larger product batches or even mass production in the future.
The startup was keen to progress conversations also with micro-launcher manufacturers and looked forward to expanding into the market in Asia. There could be opportunities for DBSpace employees to be stationed in Taiwan in the future.
Ethereal Exploration Guild Private Limited
EtherealX is building the world's first, fully reusable medium-lift launch vehicle/rocket, Razor Crest Mk-1. At a maximum 96-hour turnaround for a launch and a launch price as low as $350/kilo, which is 1/35th of the current global launch price average ($12,500/kilo), EtherealX reserves the capacity to enter the market as a disrupter with an opening to significant share. This makes EtherealX the go-to choice for earth-to-orbit and back transportation. The company said the only operational competitor currently in this class is SpaceX, which is booked out until 2026.
The founding team of EtherealX consists of highly skilled aerospace professionals, including CEO and Co-Founder Manu J. Nair, a distinguished scientist and astronaut candidate with extensive research experience at organizations like IIAS and ISRO, as well as leadership roles at Manastu Space. COO and Co-Founder Shubhayu Sardar brings nearly a decade of experience from ISRO, where he excelled in engineering, assembly, integration, and testing of PSLV and GSLV rockets, and played a key role in establishing the first Astronaut Training Facility in Bengaluru. Finally, CTO and Co-Founder Prashant Sharma contributed significant technical expertise, with 2,000 seconds of engine test firing experience and a track record of developing a semi-cryogenic engine-powered rocket that reached an altitude beyond the Karman Line. Together, they are well-positioned to drive advancements in the aerospace sector.
EtherealX, fueled by a $5 million seed round led by YourNest, is committed to making space access more democratic as a crucial step in human progress. The company plans to launch a Technology Demonstrator Vehicle commercially in 2026 and has acquired 16 acres of land to develop India's largest private engine testing facility.
Apart from the Indian government's recognition of its innovative contribution, EtherealX has also made history by becoming the first startup outside of the US and Europe to participate in Beyond Gravity's Launchpad Program, validating its upper-stage technology design. The company was also featured in Forbes India's list of the D Globalist's Select 200 Companies, highlighting its global potential. Additionally, EtherealX secured $100,000 in non-dilutive grants from various relevant schemes, including Startup India, the Government of Karnataka, and MEITy, further solidifying its position in the space sector.
EtherealX's business networking goals in Taiwan focus on building strategic partnerships and securing essential suppliers for rocket technology development. In the short term (2024-26), the company aims to collaborate with TASA for joint development of critical technologies and secure suppliers for key components like flight computers, control systems, avionics, and propellant supply. Additionally, EtherealX plans to establish partnerships with research institutes for comprehensive testing, including hardware-in-the-loop (HIL) simulations, and book payloads for launch vehicles.
Looking ahead to the long term (2024-2030), EtherealX intends to identify suppliers for manufacturing machinery, forge long-term partnerships through MoUs, and develop in-house propellant production capabilities. The company also seeks to establish a strong supply chain network to ensure reliable access to critical components for continuous development and manufacturing.
Eye-opening experience and opportunities for progress
During the four weeks in Taiwan, EtherealX visited local suppliers across different industries including semiconductors, metal, space, and electronics. "It was really an eye-opener. The exposure to the local ecosystem and how the current Taiwanese ecosystem works was very informative."
EtherealXsaw potential opportunities of supplying system integration services to research institutions and universities in Taiwan, while getting support from local supply chains to bring costs down. Discussions have been progressing.
EtherealX's goal is to capture 30% to 40% of the global launch vehicle market. The team has acquired land in Tamil Nadu, a state in southern India, to build India's largest privately developed engine testing facility.
Oct. 4th at Advanced Rocket Research Center (ARRC). ARRC Director Tsung-Lin Chen (row 1, second from the right)、Deputy Director Shih-Sin Wei (row 1, first from the right). DBSpace (row 1, second from the left), EtherealX (row 2, second from the left), Omspace (row 1, first from the left). Credit: TAcc+
Omspace Rocket and Exploration Pvt Ltd
Omspace Rocket and Exploration Pvt Ltd is comprised of seasoned professionals with diverse expertise in the aerospace and space technology sectors.
Omspace CEO Ravindra Raj BM has a strong background in electrical engineering and power electronics, particularly in avionics systems, supported by a B.Tech and a Master's degree from the Indian Institute of Technology, Madras. He is joined by Dr. RR Elangova, Vice President of Technical Operations, who has over 40 years of experience in rocket structures with ISRO; Maulik Mota, who holds a B.Tech in Aerospace and specializes in rocket propulsion; JD Patel, the Fabrication Head with nine years of precision manufacturing experience and a state-of-the-art facility; and Giriraj Singh, the Chief Investment Officer, who has over 14 years of experience in investment strategies. Together, this diverse team is well-equipped to drive innovation and success in the space industry.
Omspace focuses on developing reusable space launch vehicles for small and nanosatellites, providing cost-effective and flexible satellite launch services. Its flagship project is a rocket capable of launching a 100 kg payload into orbit at a competitive rate of $20,000 per kilogram. The startup specializes in satellite launch services on demand, offering tailored solutions for various international clients. Its commitment to Made-in-India technologies ensures that it integrates local innovation into global space needs. It is also operating a second vertical - Service on Demand by making highly reliable satellites.
Omspace believes its competitive edge lies in the affordability and reusability of its launch vehicles, which drastically reduces the cost of launching small satellites, and its Advanced Avionics which helps in denoising any critical electronic components.
Omspace has recently made history by successfully test-firing India's first 100% indigenously developed rocket engine at the facility in Sanand, GIDC. Upcoming projects include partnerships with clients from North America, Australia, and the UK. The go-to-market strategy focuses on signing MOUs with educational institutions for industrial-based training, fostering relationships with global satellite companies, and emphasizing international collaborations. Additionally, Omspace is expanding its global presence through strategic partnerships, particularly in North America, Europe, and Asia.
Engagement with Taiwan's vibrant tech ecosystem presents opportunities to explore potential collaborations in satellite manufacturing, launch services, and advanced space technologies. Through another vertical, Omspace Engineering Solutions, the aim is to provide precision manufacturing services to Taiwan. The objective is to establish strategic partnerships with Taiwanese companies, research institutions, and government agencies so as to contribute to Taiwan's space ambitions while leveraging expertise in cost-effective launch solutions and broadening Omspace's footprint in the region.
This visit would serve to facilitate the exploration of opportunities for joint research and development projects while strengthening ties within the space industry and enhancing collaboration on innovative technologies.
Fruitful trip leading to MOUs and access to chip design services
Omspace's visit to ITRI and TASA proved highly impactful, revealing significant collaboration potential, particularly with TASA on satellite solutions and noise reduction technology. Additionally, Omspacesaw promising opportunities to assist ITRI and TASA in expanding their business reach in India.
Participating in this year's program has been invaluable for Omspace as it fostered connections with space technology companies not only in Taiwan but also from around the world. "These individuals have been incredibly supportive of one another. We have established strong bonds and plan to sign several MOUs with fellow participants," Omspace stated.
The company also expressed interest in accessing IC design services and noted that several solutions are already available within Taiwan.
Sep. 30th Welcome Party at the Social Innovation Lab. Deputy Director General Chia-Ying Wu from Small and Medium Enterprise and Startup Administration, Ministry of Economic Affairs (row 2, fourth from the left), TASA Deputy Director General Chung-Huei Vicky Chu (row 2, third from the left), Deputy Director Kwao-Lun Hsieh of CIS at ITRI (row 2, third from the right). DBSpace (row 3, second from the right), EtherealX (row 1, first from the right), Omspace (row 1, third from the right). Credit: TAcc+