6 months ago
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The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the Small Industries Development Bank of India (SIDBI) connected Monday signed the publication statement to operationalise the ₹1,000-crore Venture Capital Fund for the Indian abstraction sector.
This signing marks the ceremonial opening of the fund’s concern activities pursuing its support by the Securities and Exchange Board of India (SEBI) connected October 31.
The Union Cabinet approved the constitution of the ₹1,000 crore Venture Capital Fund for the Indian abstraction assemblage successful October 2024.
In March, 2025, SIDBI was appointed arsenic the money manager, and the money is designed to supply captious early-stage and maturation superior to start-ups moving crossed motorboat technologies, satellites, payload systems, in-space services, world observation, connection platforms and downstream applications, enabling them to standard and lend to nationalist abstraction capability.
“This money is simply a large enabler for India’s backstage abstraction sector. It volition enactment start-ups with the fiscal runway needed to trial ideas, physique indigenous technologies, and standard confidently. Today’s signing strengthens our committedness to gathering a vibrant ecosystem wherever innovation flourishes and Indian enterprises go planetary leaders successful abstraction technology,” Lochan Sehra, associated secretary, IN-SPACe, said.
