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Consider the following statements regarding the Innovations for Defence Excellence (iDEX):
1. It aims to cultivate an innovation ecosystem in the Defence and Aerospace sector in India.
2. It is entirely funded and managed by the Ministry of Defence.
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 'A'. Can you explain this answer?
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Consider the following statements regarding the Innovations for Defenc...
Innovations for Defence Excellence- Defence Innovation Organization (iDEX-DIO) is all set to participate in the tenth edition of the Vibrant Gujarat Summit 2024 from 10 to 12 January 2024 at Gandhinagar, Gujarat.
- It is the flagship scheme of the Ministry of Defence, Govt of India launched in 2018.
- The objective of the scheme is to cultivate an innovation ecosystem in the Defence and Aerospace sector by collaborating with startups, innovators, MSMEs, incubators, and academia.
- iDEX offers grants and support for R&D with significant potential for future adoption in Indian defence and aerospace.
- It is currently engaged with around 400+ Startups and MSMEs.
- It is recognized as a game-changer in the defence ecosystem, iDEX has received the PM Award for Innovation in the defence sector.
- Funding: It will be funded and managed by a ‘Defence Innovation Organization (DIO)’ which has been formed as a ‘not for profit’ company as per 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.
Hence only statement 1 is correct.
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Consider the following statements regarding the Innovations for Defenc...
Explanation:
1. Aim of iDEX:
- The first statement is correct. iDEX aims to cultivate an innovation ecosystem in the Defence and Aerospace sector in India.
- It seeks to foster innovation and technology development to meet the needs of the Indian armed forces.
2. Funding and Management:
- The second statement is incorrect. iDEX is not entirely funded and managed by the Ministry of Defence.
- It is a collaborative initiative that involves multiple stakeholders including the Ministry of Defence, industry partners, startups, and academia.
Therefore, the correct answer is option 'A' - 1 only.
1. Aim of iDEX:
- The first statement is correct. iDEX aims to cultivate an innovation ecosystem in the Defence and Aerospace sector in India.
- It seeks to foster innovation and technology development to meet the needs of the Indian armed forces.
2. Funding and Management:
- The second statement is incorrect. iDEX is not entirely funded and managed by the Ministry of Defence.
- It is a collaborative initiative that involves multiple stakeholders including the Ministry of Defence, industry partners, startups, and academia.
Therefore, the correct answer is option 'A' - 1 only.
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Consider the following statements regarding the Innovations for Defence Excellence (iDEX):1. It aims to cultivate an innovation ecosystem in the Defence and Aerospace sector in India.2. It is entirely funded and managed by the Ministry of Defence.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 'A'. Can you explain this answer?
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