India To Provide $119M In VC Funding For Space Startups

The Indian government will allocate $119 million to a venture capital fund for space startups.

Credit: Irina Dmitrienko / Alamy Stock Photo
The Indian government said on Oct. 6 that it would allocate 10 billion rupees ($119 million) to a venture capital (VC) fund for space startups, the latest sign of New Delhi’s support for a burgeoning industry integral to its great power ambitions. The announcement follows a budget speech by Finance...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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