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Consider the following statements with reference to the Innovations for Defence Excellence (iDEX):
1. It is the flagship initiative of the Union Ministry of Defence.
2. It aims to achieve self-reliance and foster innovation and technology development in Defence and Aerospace.
3. It will be funded and managed by a Defence Innovation Organization.
How many of the above statements are correct?
  • a)
    Only one
  • b)
    Only two
  • c)
    All three
  • d)
    None
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with reference to the Innovations fo...
Recently, the 350th contract under the Innovations for Defence Excellence (iDEX) was signed with SpacePixxel Technologies Pvt Ltd for miniaturised satellite.
  • It is the flagship initiative of the Union Ministry of Defence.
  • It aims 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.
  • It has partnered with leading incubators in the country to provide handholding, technical support and guidance to the winners of iDEX challenges.
  • Funding:
  • 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.
  • It functions 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.
  • It has launched 11 editions of the Defence India Start-up Challenge and recently unveiled the Acing Development of Innovative Technologies with iDEX (ADITI) scheme to promote innovations in critical and strategic defence technologies. 
  • It was the recipient of Prime Minister Award for Public Policy in Innovation Category in 2021 and is currently engaged with over 400 start-ups and MSMEs.
Hence option c is the correct answer.
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Consider the following statements with reference to the Innovations fo...
Explanation:

1. Statement 1:
The statement is correct. iDEX is indeed the flagship initiative of the Union Ministry of Defence.

2. Statement 2:
The statement is correct. iDEX aims to achieve self-reliance and foster innovation and technology development in Defence and Aerospace sectors.

3. Statement 3:
The statement is correct. iDEX will be funded and managed by a Defence Innovation Organization.
Therefore, all three statements are correct. The Innovations for Defence Excellence (iDEX) is a significant initiative aimed at promoting innovation and self-reliance in the Defence and Aerospace sectors.
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Consider the following statements with reference to the Innovations for Defence Excellence (iDEX):1. It is the flagship initiative of the Union Ministry of Defence.2. It aims toachieve self-reliance and foster innovationand technology developmentin Defence and Aerospace.3. It will befunded and managed by a Defence Innovation Organization.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?
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