Indian government approves a ₹1,000 crore ($119 million) venture capital fund for space startups, managed by IN-SPACe, from FY26.

The Indian government has approved a ₹1,000 crore ($119 million) venture capital fund to support space startups, operational from FY26. Managed by IN-SPACe, the fund aims to enhance employment and innovation across the space supply chain, with investments ranging from ₹10-60 crore per startup. This initiative seeks to attract private investment, bolster the space economy, and boost India's global competitiveness, targeting a growth from $8.4 billion to $44 billion by 2033.

October 24, 2024
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