Def Connect – Indian MOD Hopes to Connect Defence Start Ups
The Ministry of Defence (MoD) organised ‘Def-Connect’ in New Delhi on 11 November to showcase the accomplishments of the Innovations for Defence Excellence (iDEX) initiative and construct a strong outreach towards the potential future entrepreneurs of the defence sector.
Raksha Mantri Shri Rajnath Singh was the Chief Guest of the event.
The conference aims to bring together all stakeholders of the iDEX ecosystem i.e. MoD, iDEX selected startups, Partner Incubators, Defence Innovation Organisation (DIO), Nodal agencies (Indian Army, Navy, Airforce), Defence Research and Development Organisation (DRDO), Defence Public Sector Undertakings (DPSUs), Indian Ordnance Factories (IOFs), MSMEs and Industry associations to showcase the growth of the defence ecosystem in the country and recognise the infinite potential of the MSMEs/startups for future growth of the defence sector in the country.
Launch of iDEX Portal, launch of Defence India Startup Challenge (DISC)-III are some of the major activities planned during this day-long event. Panel discussions with eminent personalities in the field of innovation in defence sector will also be held. MoUs between the new incubators and private industry will be exchanged in the presence of Raksha Rajya Mantri Shri Shripad Naik.
More than 350 startups& innovators working on various defence technologies are expected to participate in the event. The event would lead to better interaction & bridging the gap between the stakeholders and will be a precursor for Startup showcase during the forthcoming DefExpo 2020, to be held in Uttar Pradesh capital Lucknow from February 5-8, 2020.
Innovations for Defence Excellence (iDEX) framework, launched in April 2018 at DefExpo, 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 create product and services for future adoption for Indian defence and aerospace needs.
iDEX is also the executive arm of the Defence Innovation Organisation (DIO), which is the legal entity created by the defence PSUs HAL & BEL to support the MoD in building the entrepreneurship and innovation ecosystem in Defence in India.
Aim of the Defence India Start Up Challenge arises from the need to create an eco-system that fosters innovation and encourages technology in the Indian Defence domain The Defence India Startup Challenge is a call for proposals to address specific technological needs of the Indian Defence Establishment.
Applicants showing capability, intent, and promise to be able to produce functional prototypes or to productize existing technologies will be awarded grants of up to Rs. 1.5 crores.