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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?
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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 launched by the Indian government to foster innovation in the aerospace and defense sectors. It aims to create an innovation ecosystem that encourages collaboration with startups and other stakeholders to drive technological advancements in these critical areas.
Statement Analysis:
1. Correct: The statement that Idex aims to cultivate an innovation ecosystem in the aerospace sector in collaboration with startups is correct. This initiative is specifically designed to support and promote innovation by engaging with startups and other innovative entities to bring new ideas and technologies to the defense sector.
2. Correct: The statement that Idex is funded and managed by the Defence Innovation Organization is also correct. The Defence Innovation Organization plays a key role in managing the Idex initiative and ensuring that it fulfills its objectives of promoting innovation and technology development in the defense sector.
Conclusion:
Therefore, both statements are correct. Idex is focused on cultivating an innovation ecosystem in collaboration with startups and is funded and managed by the Defence Innovation Organization to drive innovation and technological advancements in the aerospace and defense sectors.
Innovations for Defence Excellence (Idex) is an initiative launched by the Indian government to foster innovation in the aerospace and defense sectors. It aims to create an innovation ecosystem that encourages collaboration with startups and other stakeholders to drive technological advancements in these critical areas.
Statement Analysis:
1. Correct: The statement that Idex aims to cultivate an innovation ecosystem in the aerospace sector in collaboration with startups is correct. This initiative is specifically designed to support and promote innovation by engaging with startups and other innovative entities to bring new ideas and technologies to the defense sector.
2. Correct: The statement that Idex is funded and managed by the Defence Innovation Organization is also correct. The Defence Innovation Organization plays a key role in managing the Idex initiative and ensuring that it fulfills its objectives of promoting innovation and technology development in the defense sector.
Conclusion:
Therefore, both statements are correct. Idex is focused on cultivating an innovation ecosystem in collaboration with startups and is funded and managed by the Defence Innovation Organization to drive innovation and technological advancements in the aerospace and defense sectors.
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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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