Indian National Space Promotion and Authorisation Centre (IN-SPACe)

Union Cabinet has approved establishment of Rs.1,000 crore Venture Capital Fund for Space Sector under the aegis of IN-SPACe.

About Indian National Space Promotion and Authorisation Centre (IN-SPACe)

It is a single-window, independent, nodal agency that functions as an autonomous agency in the Department of Space (DOS).
It acts as an interface between ISRO and Non-Governmental Entities (NGEs) to facilitate private sector participation.
It authorizes and supervises various space activities like building launch vehicles & satellites, sharing space infrastructure etc.

Venture capital (VC)

Venture capital (VC) refers to a type of private equity financing that venture capital firms or funds offer to startups, early-stage and emerging businesses that have shown a high growth trajectory or are deemed to have high growth potential.

NewSpace India Limited (NSIL)

It is the commercial arm of the Indian Space Research Organisation (ISRO). It is a government-owned company.
It was established in 2019 to promote and commercially use the products and services of the Indian Space Programme.