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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:
- 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.
- 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.
A |
Only 1
|
|
B |
Only 2
|
|
C |
Both 1 and 2
|
|
D |
Neither 1 nor 2
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- Innovations for Defence Excellence (iDEX) was launched by the Government in april 2018, primarily aims at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging industries including MSMEs, start-ups, individual innovators, R&D institutes & academia, and provide them grants/funding and other support to carry out R&D which has good potential for future adoption for Indian defence and aerospace needs.
- iDEX is 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 for this purpose, by the two founder members i.e. Defence Public Sector Undertakings (DPSUs) - HAL & BEL.
- iDEX functions as the executive arm of DIO, carrying out all the required activities while DIO will provide high level policy guidance to iDEX.
Key Functions
- Co-Innovation/co-creation
- Piloting of candidate technologies in important platforms
- Indigenization of various defence and aerospace related platforms being manufactured in the country.
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