On February 19, 2025, IN-SPACe unveiled the Technology Adoption Fund (TAF), a ₹5 billion (approximately $57.58 million) initiative designed to foster the growth of India's space technology sector. The fund provides financial assistance to non-government entities, including startups and micro, small, and medium enterprises (MSMEs), facilitating the progression of early-stage technologies to market-ready products. By investing in domestic research and development, TAF seeks to diminish India's dependence on imported space technologies and position the nation as a competitive player in the global space industry. Financial support covers up to 60% of project costs for startups and MSMEs, and 40% for larger companies, with a maximum funding cap of ₹25 crore per project. IN-SPACe Chairman Pawan Goenka emphasized that this support will enable companies to refine technologies, enhance production processes, and meet market demands both domestically and internationally. The fund is open to eligible non-government entities ready to demonstrate the commercial potential of their innovations. Interested parties are encouraged to register on the IN-SPACe digital platform to review guidelines and submit applications. This initiative aligns with Prime Minister Narendra Modi's broader strategy to liberalize the space sector, attract global players, and increase monetization, further bolstered by plans for a ₹10 billion venture capital fund for space startups and contracts awarded to private firms for ISRO's main launch vehicle.