Union Cabinet Approves INR 1,000 Cr Space Tech Venture Fund to Propel Space Startup Ecosystem With an estimated INR 150 crore set for FY 2025-26, followed by INR 250 crore annually for the subsequent three years and INR 100 crore in FY 2029-30, the fund will fuel around 40 startups, advancing space technologies critical to national priorities.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an INR 1,000-crore venture capital fund to bolster India's space tech sector, managed under IN-SPACe.

Announced by Finance Minister Nirmala Sitharaman in the 2024–25 Union Budget, this fund aims to foster innovation and drive economic growth within the space sector. The investment period spans five years, with an annual deployment target of INR 150-200 crore.

With an estimated INR 150 crore set for FY 2025-26, followed by INR 250 crore annually for the subsequent three years and INR 100 crore in FY 2029-30, the fund will fuel around 40 startups, advancing space technologies critical to national priorities.

Each investment will range from INR 10 crore to INR 60 crore, depending on a company's growth stage and potential impact on national space capabilities. Growth-stage startups could secure INR 10-30 crore, while those in late growth stages may receive INR 30-60 crore.

Designed to support startups across the space supply chain—upstream, midstream, and downstream—the fund is anticipated to enhance R&D, aid in scaling operations, and boost employment in the sector.

This strategic support signals India's commitment to solidifying its position in the global space arena, creating a dynamic ecosystem of homegrown space tech startups that contribute to India's technological and economic landscape.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

'Boring' Businesses Are Making Millionaires — and You Can Borrow Their Strategies For Success

The silent growth strategy reveals how understated, steady businesses are quietly creating wealth for entrepreneurs in 2025.

Business News

PepsiCo Agrees to Buy Poppi Prebiotic Soda For Over $1.6 Billion: 'Growing Interest in Health and Wellness'

Poppi soda can be found in 120 major retailers across the U.S., including Target, Costco, and Whole Foods.

Business Models

Why Every Business Should Borrow This Key Strategy from Subscription Services

Subscription models are redefining the patient experience by focusing on access, personalization and seamless customer experiences — offering powerful lessons for businesses across all sectors, including my own within healthcare at large.

Side Hustle

Most People With Side Hustles Are Confused About Taxes — and Some Make a Very Expensive Mistake. Are You One of Them?

Figure out exactly what you're responsible for to avoid an expensive headache down the line.