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Indian National Space Promotion and Authorisation Centre (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.

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