IDEX:
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Innovations for Defence Excellence(iDEX) was launched by the Government of India in 2018.
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Aim: It aims to create an ecosystem to promote innovation and technology development in Defence and Aerospace.
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It will attract industries including MSMEs, start-ups, individual innovators, R&D institutes & academia.
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It will provide grants/funding and other support to them to carry out R&D. However, R&D should have a good potential for future adoption for Indian defence and aerospace needs.
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Objectives of IDEX:
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Facilitate rapid development of new, indigenized, and innovative technologies for the Indian defence and aerospace sector in shorter timelines.
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Create a culture of engagement with innovative startups, to encourage co-creation for defence and aerospace sectors.
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Empower a culture of technology co-creation and co-innovation within the defence and aerospace sectors.
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Nodal Body: iDEX will be funded and managed by Defence Innovation Organisation (DIO).
Defence Innovation Organization (DIO):
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Defence Innovation Organisation(DIO) is a not-for-profit Organisation, incorporated under Section 8 of the Companies Act.
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Founding Members: Its two founding members are Hindustan Aeronautics Limited (HAL) & Bharat Electronics Limited (BEL) – Defence Public Sector Undertakings (DPSUs).