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Consider the following statements with reference to the Innovations for Defence Excellence (Idex):
1. It aims to cultivate an innovation ecosystem in the aerospace sector in collaboration with startups.
2. It is funded and managed by the Defence Innovation Organization. 
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 with reference to the Innovations fo...
The Innovations for Defence Excellence-Defence Innovation Organisation (iDEX-DIO), under the aegis of Department of Defence Production, Ministry of Defence, is organising DefConnect 2024 at Manekshaw Centre, New Delhi on March 04, 2024.
  • It is the flagship scheme of the Ministry of Defence, Government of India launched in 2018.
  • Objective: 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.
  • 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 memberse. Defence Public Sector Undertakings (DPSUs) - HAL & BEL.
  • It functions as the executive arm of DIO, carrying out all the required activities while DIO will provide high level policy guidance to iDEX.
  • It 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.
Hence both statements are correct.
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Consider the following statements with reference to the Innovations fo...


Overview of Idex:
Innovations for Defence Excellence (Idex) is an initiative that aims to foster an innovation ecosystem in the aerospace sector by collaborating with startups. It is a platform that encourages the development of cutting-edge technologies and solutions for the defense industry.

Statement analysis:
1. Correctness of statement 1: The first statement is correct. Idex focuses on cultivating an innovation ecosystem in the aerospace sector by engaging with startups. This collaboration allows for the infusion of new ideas and technologies into the defense sector, promoting innovation and growth.

2. Correctness of statement 2: The second statement is also correct. Idex is funded and managed by the Defence Innovation Organization, which oversees the implementation of various initiatives aimed at promoting innovation in the defense industry.

Conclusion:
Both statements are correct as they accurately describe the purpose and funding mechanism of the Innovations for Defence Excellence (Idex) initiative. This program plays a crucial role in driving innovation and technological advancements in the aerospace sector, ultimately benefiting the defense industry as a whole.
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Consider the following statements with reference to the Innovations for Defence Excellence (Idex):1. It aims tocultivate an innovation ecosystemin the aerospace sector in collaboration with startups.2. It is fundedand managed by the Defence Innovation Organization.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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