<ul><li>The union cabinet has approved setting up a venture capital fund with a corpus of INR 1,000 Cr under the Indian National Space Promotion and Authorization Centre (IN-SPACe).</li><li>The fund will be deployed over a period of five years, with an average deployment amount of INR 150-250 Cr per year.</li><li>The investment range will be INR 10 Cr to INR 60 Cr, depending on the stage, growth trajectory, and potential impact on the national space arena.</li><li>Growth stage companies will receive equity investments of about INR 10 Cr to INR 30 Cr, while late growth stage companies will receive investments between INR 30 Cr to INR 60 Cr.</li></ul>

Cabinet Approves INR 1,000 Cr VC Fund For Space Sector

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