iDEX

iDEX
 

News: Innovations for Defence Excellence (iDEX) recently reached a milestone with the signing of the 250th contract, the first one under the Mission DefSpace.
 

What is iDEX?
 It is the flagship initiative of the Ministry of Defence (MoD).
 It aims to achieve self-reliance and foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia.
 iDEX has partnered with leading incubators in the country to provide handholding, technical support and guidance to the winners of iDEX challenges.
 iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit company as per Section 8 of the Companies Act 2013 by the two founder members, i.e. 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.
 Under iDEX, financial support is provided to Start-ups/MSMEs/individual innovators and Partner Incubators through DIO.
 

What is Mission DefSpace?
 Launched by the PM Modi during DefExpo in October 2022, the goal of Mission DefSpace is to make India Atmanirbhar in defence technologies in the space domain.

Note – iDEX is one of the several initiatives taken by Government for Indigenization of Defence sector in India.