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Innovations for Defence Excellence

  • IASbaba
  • June 15, 2021
  • 0
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Innovations for Defence Excellence

Part of: GS Prelims and GS -III – Defence and Security

In news

  • Recently, the Defence Minister has approved the budgetary support of Rs. 498.8 crore to Innovations for Defence Excellence (iDEX) challenge under the Defence Innovation Organisation (DIO) for the next five years.

About iDEX

  • It was launched by the Prime Minister in April 2018.
  • It aims to achieve self – reliance and foster innovation and technology development in Defence and Aerospace.
    • It engages Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia.
  • Funded and managed by: DIO
    • It also functions as the executive arm of DIO.
    • DIO is a ‘not for profit’ company registered under Section 8 of the Companies Act 2013.
    • Founding members: Hindustan Aeronautics Limited (HAL) & Bharat Electronics Limited (BEL) – Defence Public Sector Undertakings (DPSUs). 
  • It will provide the engaging industries with funding and other support to carry out Research & Development.
  • iDEX has partnered with leading incubators in the country to provide hand holding, technical support and guidance to the winners of iDEX challenges.

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