Innovation for Defense Excellence (iDEX)

Share with Your Friends

Innovation for Defense Excellence (iDEX)

  • Recently Innovation for Defense Excellence (iDEX) has achieved a major milestone by signing the 150th contract.
  • Defense Ministry has signed the 150th contract for Defense Innovation under iDEX.
  • The contract pertains to an Indian Navy project under the Defense India Start-up Challenge.

About Innovation for Defense Excellence (iDEX)

  • iDEX Framework was established in the year 2018. It provides a platform for co-creation and co-development in the defense sector.
  • Under this, participation of start-ups is being encouraged to develop defense and aerospace capability in the country.
  • iDEX is being implemented by the Defense Innovation Organization (DIO) set up under the Department of Defense Production.

Defense Innovation Organization (DIO):

  • DIO is a non-profit organization formed under section 8 of the Companies Act 2013.
  • It is funded by Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL). It provides high level policy guidance to iDEX.

Importance of Defense Start-up

  • This will lead to self-reliance and innovation and technology development in the defense and aerospace sectors.
  • This will enable the youth to contribute to India’s defense needs.
  • This will help in reducing the import of defense related equipment.

Other initiatives taken to promote innovation in defense sector

  • Dare to Dream: It is a pan India innovation competition to promote start-ups and innovators to contribute to the defense ecosystem.
  • Technology Development Fund Scheme: Under this, industries (especially MSMEs and start-ups) are encouraged to develop different defense technologies. It is being implemented by the Defense Research and Development Organization (DRDO) under the ‘Make in India’ initiative.
  • Srijan Portal: Developmental support is provided to Micro, Small and Medium Enterprises (MSMEs)/Start-ups/Industries to reduce defense imports.

Source – PIB

Download Our App

More Current Affairs

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

January 2023
« Dec    

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes