May 26, 2025 | New Delhi — India has officially launched a ₹5,000 crore (₹50 billion) technology fund designed to fuel innovation in the country’s rapidly evolving space sector. The new fund aims to support emerging startups working on next-generation space technologies, from satellite systems to deep space exploration tools.
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| India Unveils ₹5,000 Crore Tech Fund to Ignite Space Startup Ecosystem |
The fund, announced by the Indian government in collaboration with space and science agencies, is intended to lower entry barriers for startups in the high-investment space industry. It will offer a mix of grants, subsidized loans, and equity support, providing critical early-stage capital for young companies working on ambitious space-tech projects.
"We are creating a launchpad for innovation," said Dr. Anil Kumar, a senior official at the Indian Space Research Organisation (ISRO). “This fund is about enabling bold ideas—startups that can transform how we communicate, observe Earth, and explore beyond.”
The initiative aligns with India’s broader strategy to strengthen its space capabilities and encourage private-sector participation. In recent years, Indian space startups have gained international attention, with several already developing their own satellites, rockets, and space-based services.
Entrepreneurs and investors are already applauding the fund as a timely boost. Experts believe this could position India as a global hub for affordable, scalable space solutions, especially for countries and companies looking for cost-effective alternatives to traditional space infrastructure.
Startups will be able to apply for funding beginning in June. The selection process will prioritize innovative ideas with high impact potential, strong technical foundations, and commercial viability.
This landmark move reflects India’s growing confidence in the private space sector and its commitment to becoming a leader in the global space economy.
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