• UGI USER
  • May 20, 2023
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Innovations For Defence Excellence : Reached a Milestone

News: With the signature of the 250th contract, the first one under the Mission DefSpace, Innovations for Defence Excellence (iDEX) recently achieved a significant milestone.

The Ministry of Defense’s (MoD) flagship programme, iDEX (Innovations for Defence Excellence), was introduced in April 2018.

By involving industries such as MSMEs, start-ups, individual innovators, R&D institutes, and academics, the goal is to promote self-reliance and foster innovation and technological development in defence and aerospace.

To help the winners of iDEX challenges, iDEX has teamed with the top incubators in the nation to offer mentoring, technical support, and advice.

A “Defence Innovation Organisation (DIO),” founded as a “not for profit company as per Section 8 of the Companies Act 2013 by the two founding members, i.e., Defence Public Sector Undertakings (DPSUs) – HAL & BEL,” would provide funding and management for iDEX.

As the executive branch of DIO, iDEX will perform all necessary tasks while DIO will give iDEX high-level policy direction.

Through DIO, iDEX offers financial assistance to start-ups, MSMEs, individual innovators, and partner incubators.