How does the Cabinet-approved venture capital fund for 40 space sector startups amount to ₹1,000 crores contribute to the sector's growth

- Availability of funding: The venture capital fund of ₹1,000 crores provides much-needed financial support to 40 space sector startups, enabling them to develop innovative technologies and solutions. - Encouraging innovation: This initiative encourages startups to think creatively and come up with disruptive ideas that can propel the space sector forward. - Boosting entrepreneurship: The funding promotes entrepreneurship in the space sector by supporting new and emerging companies looking to make a mark in the industry. - Job creation: As startups grow with the help of this fund, they will create job opportunities within the space sector, contributing to overall economic development. - Strengthening the ecosystem: The fund helps in building a robust ecosystem for space startups, fostering collaboration and knowledge sharing within the industry.