Innovations for Defence Excellence
09.01.2024
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For Prelims:About iDEX(Objective,Funding) |
Why in the news?
Innovations for Defence Excellence- Defence Innovation Organization (iDEX-DIO) is all set to participate in the tenth edition of the Vibrant Gujarat Summit 2024 from 10 to 12 January 2024 at Gandhinagar, Gujarat.
About iDEX:
- It is the flagship scheme of the Ministry of Defence, Govt of India launched in 2018.
- The objective of the scheme is to cultivate an innovation ecosystem in the Defence and Aerospace sector by collaborating with startups, innovators, MSMEs, incubators, and academia.
- iDEX offers grants and support for R&D with significant potential for future adoption in Indian defence and aerospace.
- It is currently engaged with around 400+ Startups and MSMEs.
- It is recognized as a game-changer in the defence ecosystem, iDEX has received the PM Award for Innovation in the defence sector.
- Funding: It will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per the Companies Act 2013 for this purpose, by the two founder members. Defence Public Sector Undertakings (DPSUs) - HAL & BEL.
- iDEX will function as the executive arm of DIO, carrying out all the required activities while DIO will provide high level policy guidance to iDEX.
Source: PIB