WHAT IS iDEX?
- An ecosystem to foster innovation & technology development. Defence and Aerospace by engaging innovators & entrepreneurs to deliver technologically advanced solutions for modernizing Indian Military.
- iDEX will engage Industries including MSMEs, start-ups, individual innovators, R& D institutes and academia and provide them grants/funding and other support to carry out R&D development which has good potential for future adoption for Indian defence and aerospace needs.
- iDEX aims at the creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, start-ups, individual innovators, R&D institutes & academia.
- And provide them with grants/funding and other support to carry out R&D which has good potential for future adoption for Indian defence and aerospace needs.
- 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 for this purpose, 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.
- Facilitate rapid development of new, indigenized, and innovative technologies for the Indian defence and aerospace sector, to meet needs for these sectors in shorter timelines
- Create a culture of engagement with innovative startups, to encourage co-creation for defence and aerospace sectors
- Empower a culture of technology co-creation and co-innovation within the defence and aerospace sectors