The Indian Institute of Space Science and Technology (IIST) and Kerala Spacepark (KSPACE) have entered into a strategic partnership through the signing of a Memorandum of Understanding (MoU) aimed at fostering academic-industry collaboration and promoting innovation and entrepreneurship in the space technology domain. The MoU was officially signed on 22nd April 2025 at Thiruvananthapuram by Prof. Dipankar Banerjee, Director, IIST and Shri G Levin, Chief Executive Officer, KSPACE, in the presence of officials and faculty members from both institutions. This collaboration is a major step towards bridging the gap between academic research and industrial application. Under this MoU, IIST and KSPACE will jointly undertake research and product development activities, promote knowledge exchange, and support incubation and startup activities within the aerospace and space technology sectors.