Innovations for Defence Excellence (iDEX)
- June 14, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Innovations for Defence Excellence (iDEX)
Subject : Defence
Context : Recently, the Ministry of Defence has approved the budgetary support of Rs 498.8 crore to Innovations for Defence Excellence (iDEX) – Defence Innovation Organisation (DIO) for the next five years.
Concept :
Innovations for Defence Excellence (iDEX)
- It was launched by the Hon’ble Prime Minister in April 2018.
- It will be funded and managed by a Defence Innovation Organization (DIO).
- It will function as the executive arm of DIO, carrying out all the required activities while DIO will provide high level policy guidance to iDEX.
- It aims at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace.
The objectives of iDEX are:
- Facilitate rapid development of new, indigenized, and innovative technologies for the Indian defence and aerospace sector, to meet needs for these sectors in shorter timelines;
- Create a culture of engagement with innovative startups, to encourage co-creation for defence and aerospace sectors; and
- Empower a culture of technology co-creation and co-innovation within the defence and aerospace sectors
Defence Innovation Organisation (DIO)
- It is formed as a “not for profit‟ company as per Section 8 of the Companies Act 2013.
- Its primary objective is to fund and manage the Innovations for Defence Excellence (iDEX).
- It will provide high level policy guidance to iDEX.
- The CEO of iDEX will be selected and recruited by the DIO and will be a professional person of sound technical, scientific and engineering background.
- The CEO of iDEX would also be CEO of DIO thereby providing the linkage between the high level policy guidance given by DIO and its implementation in a professional manner through iDEX.