Private sector Space Investment Crosses USD 600 Million in Five Years: Dr Jitendra Singh ₹1,000 Crore Venture Fund to Boost India’s Space Startups as Ecosystem Crosses 400 Mark: Dr Jitendra Singh Tech Funds and Seed Support Power India’s Space Innovation; IN-SPACe Drives Growth through Schemes and Infrastructure: Dr Jitendra Singh Posted On: 26 APR 2026 2:02PM by PIB Delhi NEW DELHI, April 26 : Union Minister of State (Independent Charge) Dr. Jitendra Singh today reviewed plans to set up Space laboratories in universities and colleges across India, with seven such labs to be established in the first phase to provide hands-on exposure to students in satellite systems, rocketry and mission design. The initiative is aimed at building a strong pipeline of skilled youth for India’s expanding space sector, which has attracted over USD 600 million in private investment over the past five years following the opening up of the sector to non-government entities. The review followed a detailed briefing by Chairman, IN-SPACe, Dr Pawan Goenka, who presented an overview of the progress made in India’s Space reforms and the growing participation of private players across the value chain. India’s private space ecosystem has expanded rapidly, with the number of StartUps increasing from single digit in 2019 to over 400 by early 2026. These StartUps are now active across launch vehicles, satellite and payload manufacturing, ground infrastructure, data services, and emerging in-orbit segments. Increasing global interest is also reflected in rising engagements with international clients, including established space-faring nations. To support this momentum, a range of focused initiatives have been rolled out. A ₹1,000 crore venture capital fund is being operationalised with SIDBI to support growth-stage startups, while a ₹500 crore Technology Adoption Fund is enabling the transition of early-stage innovations into commercially viable products. The seed fund scheme is providing grants of up to ₹1 crore to startups at the ideation and prototype stage, along with mentoring and ecosystem support. Efforts to build a skilled workforce are also underway, with 17 specialised training programmes completed and nearly 900 participants certified in areas such as satellite manufacturing, launch vehicle systems, and space cybersecurity. The upcoming space laboratories in universities are expected to further strengthen this talent pipeline by offering practical, hands-on learning opportunities. On the infrastructure front, new opportunities are being created through initiatives such as a privately-led Earth Observation satellite constellation under a public-private partnership model, development of a shared satellite bus platform for startups, and expanded access to design, integration, and testing facilities at the IN-SPACe Technical Centre in Ahmedabad. Technology transfer programmes, including the Small Satellite Launch Vehicle (SSLV), are also progressing with industry participation. India’s global engagement in the space sector continues to deepen, with partnerships now spanning over 45 countries. Recent collaborations include agreements with Singapore and the UAE, participation of Indian companies in international space forums, and initiatives to connect domestic startups with global markets. Since its inception, IN-SPACe has received over 1,000 applications from startups, MSMEs, academic institutions and industry, and has granted 129 authorisations, reflecting growing confidence in India’s reformed space ecosystem. PHOTO - Union Minister Dr Jitendra Singh being briefed by Chairman IN-SPACe, Dr Pawan Goenka at New Delhi. ***** NKR/AK/AV (Release ID: 2255657) Visitor Counter : 1191 Read this release in: Urdu , हिन्दी , Marathi , Gujarati , Telugu Department of Space Dr Jitendra Singh reviews plan to set up Space laboratories in Universities and Colleges across India; with seven such labs to be established in the first phase Private sector Space Investment Crosses USD 600 Million in Five Years: Dr Jitendra Singh ₹1,000 Crore Venture Fund to Boost India’s Space Startups as Ecosystem Crosses 400 Mark: Dr Jitendra Singh Tech Funds and Seed Support Power India’s Space Innovation; IN-SPACe Drives Growth through Schemes and Infrastructure: Dr Jitendra Singh Posted On: 26 APR 2026 2:02PM by PIB Delhi NEW DELHI, April 26 : Union Minister of State (Independent Charge) Dr. Jitendra Singh today reviewed plans to set up Space laboratories in universities and colleges across India, with seven such labs to be established in the first phase to provide hands-on exposure to students in satellite systems, rocketry and mission design. The initiative is aimed at building a strong pipeline of skilled youth for India’s expanding space sector, which has attracted over USD 600 million in private investment over the past five years following the opening up of the sector to non-government entities. The review followed a detailed briefing by Chairman, IN-SPACe, Dr Pawan Goenka, who presented an overview of the progress made in India’s Space reforms and the growing participation of private players across the value chain. India’s private space ecosystem has expanded rapidly, with the number of StartUps increasing from single digit in 2019 to over 400 by early 2026. These StartUps are now active across launch vehicles, satellite and payload manufacturing, ground infrastructure, data services, and emerging in-orbit segments. Increasing global interest is also reflected in rising engagements with international clients, including established space-faring nations. To support this momentum, a range of focused initiatives have been rolled out. A ₹1,000 crore venture capital fund is being operationalised with SIDBI to support growth-stage startups, while a ₹500 crore Technology Adoption Fund is enabling the transition of early-stage innovations into commercially viable products. The seed fund scheme is providing grants of up to ₹1 crore to startups at the ideation and prototype stage, along with mentoring and ecosystem support. Efforts to build a skilled workforce are also underway, with 17 specialised training programmes completed and nearly 900 participants certified in areas such as satellite manufacturing, launch vehicle systems, and space cybersecurity. The upcoming space laboratories in universities are expected to further strengthen this talent pipeline by offering practical, hands-on learning opportunities. On the infrastructure front, new opportunities are being created through initiatives such as a privately-led Earth Observation satellite constellation under a public-private partnership model, development of a shared satellite bus platform for startups, and expanded access to design, integration, and testing facilities at the IN-SPACe Technical Centre in Ahmedabad. Technology transfer programmes, including the Small Satellite Launch Vehicle (SSLV), are also progressing with industry participation. India’s global engagement in the space sector continues to deepen, with partnerships now spanning over 45 countries. Recent collaborations include agreements with Singapore and the UAE, participation of Indian companies in international space forums, and initiatives to connect domestic startups with global markets. Since its inception, IN-SPACe has received over 1,000 applications from startups, MSMEs, academic institutions and industry, and has granted 129 authorisations, reflecting growing confidence in India’s reformed space ecosystem. PHOTO - Union Minister Dr Jitendra Singh being briefed by Chairman IN-SPACe, Dr Pawan Goenka at New Delhi. ***** NKR/AK/AV (Release ID: 2255657) Private sector Space Investment Crosses USD 600 Million in Five Years: Dr Jitendra Singh<br/><br/>₹1,000 Crore Venture Fund to Boost India’s Space Startups as Ecosystem Crosses 400 Mark: Dr Jitendra Singh<br/><br/>Tech Funds and Seed Support Power India’s Space Innovation; IN-SPACe Drives Growth through Schemes and Infrastructure: Dr Jitendra Singh" /> <span style="font-family:"Times New Roman",Times,serif; font-size:16px">NEW DELHI, April 26 : Union Minister of State (Independent Charge) Dr. Jitendra Singh today reviewed plans to set up Space laboratories in universities and colleges across India, with seven such labs to be established in the first phase to provide hands-on exposure to students in satellite systems, rocketry and mission design.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">The initiative is aimed at building a strong pipeline of skilled youth for India’s expanding space sector, which has attracted over USD 600 million in private investment over the past five years following the opening up of the sector to non-government entities.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">The review followed a detailed briefing by Chairman, IN-SPACe, Dr Pawan Goenka, who presented an overview of the progress made in India’s Space reforms and the growing participation of private players across the value chain.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">India’s private space ecosystem has expanded rapidly, with the number of StartUps increasing from single digit in 2019 to over 400 by early 2026. These StartUps are now active across launch vehicles, satellite and payload manufacturing, ground infrastructure, data services, and emerging in-orbit segments. Increasing global interest is also reflected in rising engagements with international clients, including established space-faring nations.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">To support this momentum, a range of focused initiatives have been rolled out. A ₹1,000 crore venture capital fund is being operationalised with SIDBI to support growth-stage startups, while a ₹500 crore Technology Adoption Fund is enabling the transition of early-stage innovations into commercially viable products. The seed fund scheme is providing grants of up to ₹1 crore to startups at the ideation and prototype stage, along with mentoring and ecosystem support.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">Efforts to build a skilled workforce are also underway, with 17 specialised training programmes completed and nearly 900 participants certified in areas such as satellite manufacturing, launch vehicle systems, and space cybersecurity. The upcoming space laboratories in universities are expected to further strengthen this talent pipeline by offering practical, hands-on learning opportunities.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">On the infrastructure front, new opportunities are being created through initiatives such as a privately-led Earth Observation satellite constellation under a public-private partnership model, development of a shared satellite bus platform for startups, and expanded access to design, integration, and testing facilities at the IN-SPACe Technical Centre in Ahmedabad. Technology transfer programmes, including the Small Satellite Launch Vehicle (SSLV), are also progressing with industry participation.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">India’s global engagement in the space sector continues to deepen, with partnerships now spanning over 45 countries. Recent collaborations include agreements with Singapore and the UAE, participation of Indian companies in international space forums, and initiatives to connect domestic startups with global markets.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">Since its inception, IN-SPACe has received over 1,000 applications from startups, MSMEs, academic institutions and industry, and has granted 129 authorisations, reflecting growing confidence in India’s reformed space ecosystem.</span></p> <p style="text-align:center"><img src="https://static.pib.gov.in/WriteReadData/userfiles/image/image0019MXL.jpg" style="font-family:"Times New Roman",Times,serif; font-size:16px; height:495px; width:780px" /></p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong>PHOTO - Union Minister Dr Jitendra Singh being briefed by Chairman IN-SPACe, Dr Pawan Goenka at New Delhi.</strong></span></span></p> <p style="text-align:justify"> </p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><img src="https://static.pib.gov.in/WriteReadData/userfiles/image/image002BQK5.jpg" style="height:560px; width:780px" /></span></span></p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><img src="https://static.pib.gov.in/WriteReadData/userfiles/image/image003WH40.jpg" style="height:518px; width:780px" /></span></span></p> <p style="text-align:justify"> </p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">*****</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong>NKR/AK/AV</strong></span></span></p> " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; document.getElementById('playA').style.display = "none"; } function pauseAudio() { mPlayer.pause(); isPlaying = false; document.getElementById('playA').style.display = "block"; 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Dr Jitendra Singh reviews plan to set up Space laboratories in Universities and Colleges across India; with seven such labs to be established in the first phase
For UPSC
Remember: Seven space labs in first phase, over 400 space startups by early 2026 (from single digit in 2019), USD 600 million private investment in five years, IN-SPACe is the nodal body.
Original PIB release
pib.gov.in · PRID 2255657
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pib.gov.in · PRID 2255657