New Delhi, Nov. 11 -- In a bid to boost innovation and entrepreneurship in India's expanding space ecosystem, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and SIDBI Venture Capital Ltd have signed a Contribution Agreement to operationalise the Rs. 1,000-crore Venture Capital Fund dedicated to the country's space sector.

The fund approved by the Union Cabinet in October 2024 and cleared by SEBI on October 31, 2025 will support startups across the entire space value chain. It aims to provide early-stage and growth capital to companies developing launch vehicles, satellites, payload systems, in-space services, earth observation tools, and communication platforms.

SIDBI Venture Capital Ltd, appointed as the fund m...