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Context: Innovations for Defence Excellence (iDEX) framework was launched by the Government.
Aim: to foster innovation and technology development in Defence and Aerospace Sector by engaging Industries including MSMEs, startups, individual innovators, R&D institutes and academia and promote self reliance.
About Innovations for Defence Excellence (iDEX):
- The Government has approved a central sector scheme for iDEX with budgetary support of Rs. 498.78 crore for the next 5 years from 2021-22 to 2025-26.
- Objective of the scheme: to provide financial support to nearly 300 Startups/ MSMEs/individual innovators and about 20 Partner incubators through Defence Innovation Organisation (DIO).
- For the current financial year 2021-2022, Rs. 45 crore have been released by the Government to iDEX-DIO.
- The iDEX framework and establishment of the DIO by the Department of Defence Production (DDP) is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level.
- iDEX will be funded and managed by a “Defence Innovation Organisation (DIO)‟ formed as a “not for profit‟ company as per Section 8 of the Companies Act 2013 for this purpose.
- It aims at empowering a culture of technology co-creation and co-innovation in the sector and boosts innovation among the start-ups and encourages them to be a part of the ecosystem.
https://pib.gov.in/PressReleseDetail.aspx?PRID=1812293#:~:text=Innovations%20for%20Defence%20Excellence%20(iDEX,academia%20and%20promote%20self%20reliance.
