**Executive Summary**
This document outlines initiatives by IN-SPACe to promote private participation, startups, and technology development in the space sector, as mandated by the Indian Space Policy, 2023, following Union Budget 2026-27. Information was provided by the Minister of State for Personnel, Public Grievances & Pensions and Prime Minister's Office Dr. Jitendra Singh in a written reply in the Rajya Sabha on February 12, 2026. The initiatives aim to foster innovation and commercialization within the space sector.
**Key Points / Main Content**
* **Funding and Commercialization:**
* Establishment of a 1000 Cr Venture Capital Fund.
* Establishment of a 500 Cr Technology Adoption Fund for development and commercialisation of space technology.
* **Entrepreneurship and Incubation:**
* IN-SPACE Seed Fund Scheme for inculcating the idea into the product.
* IN-SPACe Pre-incubation Entrepreneurship Program for identification and grooming of entrepreneurs.
* **Support and Skill Development:**
* Facilitation of ISRO facilities and mentorship to handhold the private sector.
* Skill development initiative to fill gaps in skill requirements.
* **Infrastructure and Technology Transfer:**
* Establishment of a Technical Centre for affordable testing and simulation of space systems.
* Enabling transfer of technology from ISRO.
* **Private Sector Involvement:**
* Development of satellite bus through private industry and providing hosted payload services.
* Establishment of Earth Observation system through private entities.
* Establishment of Ground Station as a Service.
* Utilizing Geosynchronous orbital slots for commercial SATCOM services.
* **Investment and Growth:**
* Approximately USD 150 million investment raised during Calendar Year 2025.
* Top 10 space start-ups have a confirmed order book of about USD 150 million.
* The assessment of the current size of the space economy is presently being undertaken in coordination with the Ministry of Statistics and Programme Implementation (MoSPI). Data is being collected from industry stakeholders.
**Impact Analysis**
**Private Sector Companies / Startups**
* **Impact:** Opportunities for funding, technology transfer, access to infrastructure, mentorship, and commercialisation.
* **Action Required:** Engage with IN-SPACe to leverage available schemes and initiatives, participate in data collection for assessing the space economy, and apply for funding and support programs.
**ISRO**
* **Impact:** Facilitating technology transfer, providing access to facilities, and offering mentorship to the private sector.
* **Action Required:** Implement mechanisms for technology transfer and mentorship programs, provide access to ISRO facilities, and collaborate with IN-SPACe on initiatives.
**Ministry of Statistics and Programme Implementation (MoSPI)**
* **Impact:** Collaboration with IN-SPACe to assess the size of the space economy.
* **Action Required:** Coordinate with IN-SPACe and industry stakeholders to collect data for accurate assessment of the space economy.
Key Entities Referenced
Indian Space Policy, 2023: A policy that mandates and influences private participation and technology development in the space sector.
IN-SPACe: Entity that announced schemes/initiatives to promote private participation, start-ups, and technology development in the space sector.
ISRO: Organization whose facilities and technology are being made available to the private sector, through mentorship and technology transfer.
Union Budget 2026-27: Budget which focuses on manufacturing, creating champion MSMEs and infrastructure to support the space sector.
Department of Space
PARLIAMENT QUESTION: INNOVATION IN
SPACE SECTOR
Posted On: 12 FEB 2026 4:09PM by PIB Delhi
In the recent Union Budget 2026-27, with wide ranging reforms focussed on manufacturing, creating
champion MSMEs and infrastructure will directly & indirectly support the private participation and
technology development in the space sector. As mandated in Indian Space Policy, 2023, IN-SPACe has
announced various schemes/initiatives in order to promote private participation, start-ups, and technology
development in the space sector. The major initiatives are:
1. Establishment of 1000 Cr Venture Capital Fund.
2. Establishment of 500 Cr Technology Adoption Fund for the development and
commercialisation of space technology.
3. IN-SPACe Seed Fund Scheme for inculcating the idea into the product.
4. IN-SPACe Pre-incubation Entrepreneurship Program for the identification and grooming of
entrepreneurs in the space sector.
5. Facilitation in terms of ISRO facilities and mentorship to handhold the private sector.
6. Skill Development initiative to fill the gaps in skill requirements.
7. Establishment of a Technical Centre to provide testing and simulation of space systems at an
affordable cost
8. Enabling transfer of technology from ISRO.
9. Development of satellite bus through private industry and providing hosted payload services.
10. Establishment of Earth Observation system through private entities.
11. Establishment of Ground Station as a Service
12. Utilizing Geosynchronous orbital slot for providing commercial SATCOM services.
The outcome/achievement of the space sector reforms are clearly evident, with a significant increase in
private sector participation. The assessment of the current size of the space economy is presently being
undertaken in coordination with the Ministry of Statistics and Programme Implementation (MoSPI). Data
is being collected from industry stakeholders. It is noteworthy that approximately USD 150 million
investment has been raised during Calendar Year 2025 and in addition, the top 10 space start-ups have a
confirmed order book of about USD 150 million.
This information was given by the Minister of State for Personnel, Public Grievances & Pensions and
Prime Minister’s Office Dr. Jitendra Singh in a written reply in the Rajya Sabha today.
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