Innovation For Defence Excellence

Recently, the Ministry of Defence organised the inaugural session of ‘Def Connect 2019’ to showcase the accomplishments of the Innovation for Defence Excellence (iDEX) initiative. Consider the following given statements about the iDEX:

  1. Launched in 2017, iDEX is an ecosystem to foster innovation & technology development in Defence and Aerospace by engaging innovators & entrepreneurs to deliver technologically advanced solutions for modernizing Indian Military.
  2. iDEX is being managed and funded 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.
Choose the correct answer from the codes given below:

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2