Chennai, Nov. 10 -- The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the Small Industries Development Bank of India Venture Capital Ltd (SIDBI Venture Capital Fund) today signed a contribution agreement to operationalise the Rs 1,000 crore venture capital fund for the Indian space sector.
This signing marks the formal beginning of the Fund's investment activities following its approval by the Securities and Exchange Board of India (SEBI) on October 31.
The Fund is designed to provide critical early-stage and growth capital to startups working across launch technologies, satellites, payload systems, in-space services, earth observation, communication platforms and downstream applications, enabling them to scale a...