New Delhi: Giving a strong push to India’s growing space economy, the Union Government has invested ₹211 crore in the sector under its flagship ‘Fund of Funds for Startups’ (FFS) scheme.
Commerce and Industry Minister Piyush Goyal announced the investment, calling it a big boost for India’s homegrown space innovators. “With the FFS scheme under Startup India, the government is fuelling bold ideas in space technology by providing critical resources to startups,” he wrote on X.
Highlighting the vision behind the move, Goyal said the initiative is “propelling cutting-edge technologies and positioning India as a rising global space power.” He added that under Prime Minister Narendra Modi’s leadership, the focus remains on innovation, self-reliance, and youth-driven entrepreneurship—aiming to use space not just for exploration but also for economic transformation.
Launched in 2016, the Startup India initiative has been the government’s cornerstone for building a strong ecosystem of innovation and entrepreneurship. Alongside FFS, it also runs the Seed Fund Scheme (SISFS) and the Credit Guarantee Scheme for Startups (CGSS), supporting ventures at different stages of growth.
The FFS, managed by SIDBI, channels capital to SEBI-registered Alternative Investment Funds (AIFs), which then invest in startups. Notably, AIFs backed by FFS are required to invest at least double the amount committed under the scheme.
As of June 30, 2025, the government has committed a total of ₹9,994 crore to 141 AIFs through FFS, creating a strong pipeline of capital for India’s startup ecosystem.
This latest investment signals India’s determination to emerge as a global hub for space technology and innovation.
