The Indian National Space Promotion and Authorization Centre (IN-SPACe) has launched a Technology Adoption Fund with a budget of 5 billion rupees (approximately US$57.58 million) to support early-stage space technology companies.

This initiative aims to advance commercialization, reduce import dependence, and strengthen India’s position in the global space market.

The fund will offer financial support to startups, small and medium-sized enterprises, and larger companies. Startups and smaller businesses can receive up to 60% of their project costs.

Larger firms may receive funding capped at 40%, with a maximum limit of 250 million rupees (US$2.88 million) per project, as stated by IN-SPACe Chairman Pawan Goenka.