See Full Document Text
O.I.H.
GOVERNMENT OF INDIA
DEPARTMENT OF SPACE
LOK SABHA
UNSTARRED QUESTION NO. 2919
TO BE ANSWERED ON WEDNESDAY, AUGUST 05, 2026
SPACE VENTURE CAPITAL FUND
2919. SHRI TANUJ PUNIA:
Will the PRIME MINISTER be pleased to state:
(a) the present status of the implementation of the Venture
Capital Fund announced by the Government for space sector
Startups;
(b) the eligibility criteria fixed for Startups and MSMEs to avail
investment under the said fund; and
(c) the total amount released from the said fund during the
current financial year along with the estimated resulting
percentage of growth in the space economy of the country
therefrom?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF PERSONNEL, PUBLIC
GRIEVANCES & PENSIONS AND IN THE PRIME MINISTER’S OFFICE
(DR. JITENDRA SINGH):
****(a) The Fund is in operation after getting SEBI approval on 31-10-
2025. The total contributions made by IN-SPACe to the
"Antariksh Venture Capital Fund" in accordance to
Contribution Agreement stands at ₹188.93 Crores (inclusive of
₹182.87 Crore of current FY. i.e.,2026-27) as on 24-07-2026.
The Investment Committee of the Antariksh Venture Capital
Fund has selected three startups for investment.
(b) The Antariksh Venture Capital Fund (AVCF) has been
established as a SEBI-registered Category II Alternative
Investment Fund (AIF) with the primary objective of providing
equity capital to emerging space-tech Start-ups to support
technology development, commercialization, and scaling of
operations.
Investments are made in accordance with the Investment
Objective and Investment Strategy of the Fund (Clauses 2.7.2
and 2.7.3), and are subject to the applicable provisions of the
SEBI (Alternative Investment Funds) Regulations, the Private
Placement Memorandum, and the other Fund Documents.
The clause 2.7.2 and 2.7.3 is reproduced as below:
2.7.2 The Fund’s primary investment objective is to provide
much-needed equity capital to emerging space-tech Start-
ups at various stages of development and support the
scaling of operations and the commercialization of new
technologies, empowering the Start-ups to contribute to
India’s broader space ambitions (“Investment Objective”).2.7.3 As a strategy the Fund will target to invest in
emerging space-tech Start-ups at various stages of
development and support the scaling of operations, the
commercialization of new technologies and empowering
the Start-ups to contribute to India’s broader space
ambitions (“Investment Strategy”). All Investments made or
to be made by the Fund shall be subject to the investment
restrictions, if any, as specified in the AIF Regulations.
(c) The contribution made by IN-SPACe based on investment
requirements communicated by the Fund Manager in terms of
the Contribution Agreement stands at ₹182.87 Crore during the
current FY:2026-27. At present, no quantified estimate of the
percentage growth in the country's space economy
attributable solely to the release of the Venture Capital Fund is
available. The investments under the Fund are intended to
provide capital to eligible space-sector startups for technology
development, commercialization, and scaling of operations.
The overall impact on the space economy will be assessed
over a period based on the performance of portfolio startups /
companies.
****