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Consider the following statements regarding iDEX (Innovations for Defence Excellence):
  1. It is the flagship initiative of the Ministry of Defence (MoD) to achieve self-reliance and technological development in the Defence and Aerospace sector.
  2. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO).
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding iDEX (Innovations for Defe...
Innovations for Defence Excellence (iDEX) recently reached a milestone with the signing of the 250th contract, the first one under the Mission DefSpace.
About iDEX (Innovations for Defence Excellence):
  • It is the flagship initiative of the Ministry of Defence (MoD), launched in April 2018.
  • Aim: 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?
  • It was launched by the Prime Minister during DefExpo in October 2022.
  • The goal of Mission DefSpace is to make India Atmanirbhar in defence technologies in the space domain.
  • It will encourage technology development in space for defence applications by startups and young entrepreneurs through 75 Defence Space Challenges launched across various Department for Defence Production (DDP) initiatives viz iDEX, ‘Make 1’, and ‘Make 2’.  
  • The challenges are classified into five buckets, viz. Launch System, Satellite System, Communication & Payload System, Ground System and Software System provide a holistic 3600 overview of space.
Hence both statements are correct.
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Consider the following statements regarding iDEX (Innovations for Defe...
Separate entity called the Defence Innovation Organisation (DIO). iDEX aims to promote innovation and entrepreneurship in the Defence and Aerospace sector by providing financial support and mentorship to startups and individuals with innovative ideas. The primary focus of iDEX is to develop indigenous technologies and products to reduce dependence on imports and enhance India's defence capabilities. iDEX will collaborate with academic institutions, research organizations, and industry stakeholders to facilitate technology development and transfer in the Defence and Aerospace sector.
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Consider the following statements regarding iDEX (Innovations for Defence Excellence): It is the flagship initiative of the Ministry of Defence (MoD) to achieve self-reliance and technological development in the Defence and Aerospace sector. iDEX will be funded and managed by a ‘Defence Innovation Organization (DIO).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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