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DefConnect 2.0

Posted on April 23, 2022 by admin1  389

In News

  • The Defence Minister of India  inaugurated DefConnect 2.0 organised by Innovations for Defence Excellence, Defence Innovation Organisation (iDEX-DIO).

About DefConnect 2.0

  • It is a one-day event to bring together start-ups, big companies and armed forces personnel to boost indigenous innovation in the defence sector.
  • The event will attract a large number of innovators and investors from the country’s leading industries in the defence sector. 
  • It will provide a unique opportunity for innovators associated with iDEX-DIO to showcase their capabilities, products and state-of-the-art-technologies to the target audience of the industry leaders. 

Defence Innovation Organisation (iDEX-DIO)

  • The iDEX, launched by Prime Minister Narendra Modi in 2018, essentially provides a unified platform for various stakeholders in the defence and aerospace sectors. 
  • It acts like an umbrella organisation to oversee technology development and potential collaborations in this specific field.
  • It will be funded and managed by a ‘Defence Innovation Organisation (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 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.
    • Till date, iDEX has launched five rounds of Defence India Start-up Challenges and three rounds of Open Challenges receiving more than 2,000 applications from individual innovators and start-ups.

Source:TH

 
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