As per the Department of Science and Technology (DST), a two-stage orbital launch vehicle, Agnibaan  was incubated at the Indian Institute of Technology (IIT) Madras Incubation Cell. It was developed by Agnikul, a startup that works out of the National Centre for Combustion Research and Development (NCCRD) at IIT Madras which is supported by the DST. Meanwhile, Agnikul has successfully launched its first inaugural mission, Agnibaan Sub-Orbital Technology Demonstrator (Agnibaan SOrTeD), a single-stage vehicle which has been used for Agnibaan.

Moreover, another technology innovation hub (TIH) funded by DST, Pravartak Technologies from IIT Madras, have partnered for developing and commercialising technologies for space and deep space.