.png "IN-SPACe Signs Contribution Agreement with SVCL to Boost India’s Space Startup Ecosystem")
- The collaboration aims to boost India’s space startup ecosystem by providing financial support and investment opportunities.
- SVCL will invest in early‑stage and growth‑stage space ventures, while IN‑SPACe will act as a facilitator and regulator.
- Focus areas include satellite manufacturing, launch services, space applications, and emerging technologies.
- This initiative strengthens India’s vision of becoming a global hub for space innovation.
Question:
Q.1 What is the main aim of the Contribution Agreement signed between IN-SPACe and SIDBI Venture Capital Ltd.?a) To launch India’s first private space mission
b) To provide financial support for space startups and strengthen the innovation ecosystem
c) To build a new satellite launch pad in Gujarat
d) To create a joint venture for defence-oriented space technologies
Answer: b) The collaboration aims to boost India’s space startup ecosystem by providing financial support and investment opportunities.
