- Innovations for Defence Excellence (iDEX) framework was launched by the Government with the aim to foster innovation and technology development in Defence and Aerospace Sector by engaging Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia and promote self-reliance.
- The objective of the scheme is to provide financial support to nearly 300 Start-ups/MSMEs/individual innovators and about 20 Partner Incubators through Defence Innovation Organisation (DIO).
- It was approved as a central sector scheme with budgetary support of Rs. 498 crore for the next 5 years from 2021-22 to 2025-26.
Why in News?
- This information was given by Minister of State for Defence Ajay Bhatt in Rajya Sabha.