In a landmark initiative to boost India’s private space ecosystem, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) has partnered with the Small Industries Development Bank of India (SIDBI) to launch a ₹1,000-crore venture capital fund dedicated to spacetech startups. The fund, managed by SIDBI Venture Capital Ltd (SVCL), is designed to provide early-stage and growth capital to Indian companies building advanced space technologies.
Approved by the Union Cabinet and regulated by SEBI, the fund aims to strengthen the country’s space innovation ecosystem by supporting startups engaged in developing satellite systems, launch vehicles, propulsion technologies, ground infrastructure, space-based communication networks, and data services.
IN-SPACe stated that the initiative aligns with the government’s vision of fostering self-reliance and promoting private participation in the space economy. The fund will be deployed over the next five years, with individual investments ranging from ₹10 crore to ₹60 crore per company.
Officials said the move will enhance India’s competitiveness in the global space economy, currently valued at over $600 billion, while creating thousands of high-skilled jobs and new commercial opportunities. The program also aims to strengthen collaboration between startups, research institutions, and established aerospace industries, ensuring India becomes a global hub for affordable and innovative space solutions.
