Question
Download Solution PDFWhat is the key objective of the iDEX (Innovations for Defence Excellence) initiative?
This question was previously asked in
OSSC Excise SI (Mains) Official Paper (Held On: 17 Oct, 2024 Shift 1)
Answer (Detailed Solution Below)
Option 4 : Fund and support startups for defence technology innovation
Detailed Solution
Download Solution PDFThe correct answer is Fund and support startups for defence technology innovation.
Key Points
- The iDEX initiative is launched by the Government of India to foster innovation and technology development in Defence and Aerospace.
- iDEX aims to engage industries including MSMEs, startups, individual innovators, R&D institutes, and academia to provide them grants/funding and other support to carry out research and development.
- The initiative is meant to create an ecosystem that will support and sustain innovation and technology development in Defence and Aerospace sectors.
- iDEX is also intended to enhance the capabilities of the Indian defence sector to meet the requirements of modern warfare and to make India self-reliant in terms of defence technology.
Additional Information
- Innovations for Defence Excellence (iDEX)
- Launched in April 2018, iDEX is an initiative by the Department of Defence Production, Ministry of Defence, Government of India.
- It aims to create an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging industries including MSMEs, startups, individual innovators, R&D institutes, and academia.
- iDEX provides funding, mentorship, and other support to the participants to develop and commercialize their innovative solutions.
- iDEX also aims to reduce import dependency and increase the export potential of Indian defence products, thereby contributing to the vision of 'Atmanirbhar Bharat' (Self-reliant India).
- Defence Innovation Organisation (DIO)
- DIO is a not-for-profit company established under Section 8 of the Companies Act 2013 by the Department of Defence Production, Ministry of Defence, Government of India.
- It is responsible for implementing the iDEX initiative.
- DIO acts as the execution arm for iDEX and is responsible for providing the necessary support to the innovators and startups participating in the program.
- The organization works towards identifying innovative solutions and technologies that can be integrated into the defence manufacturing ecosystem.
- Challenges faced by iDEX
- Despite the support from the government, iDEX faces challenges in terms of bureaucratic delays and lengthy procurement processes.
- There is also a need to enhance collaboration between various stakeholders including the defence forces, industry, and academia to ensure the successful implementation of innovative solutions.
- Funding and resource allocation can also be a bottleneck for the successful execution of projects under iDEX.
- However, continuous efforts are being made to address these challenges and streamline the processes to achieve the desired outcomes.
Last updated on Feb 8, 2025
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