CURRENT AFFAIRS

Detailed explanation-1: -Taking the iDEX initiative further, Defence India Startup Challenge “has been launched by Ministry in partnership with Atal Innovation Mission, aimed at supporting Startups/MSMEs/Innovators to create prototypes and/or commercialize products/solutions in the area of National Defence and Security.

Detailed explanation-2: -Defence India Startup Challenge is envisaged to enable calling 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 up to Rs.

Detailed explanation-3: -Defence Minister Rajnath Singh during the launch of DISC 5 (Defence India Startup Challange), at South block in New Delhi, Thursday, August 19, 2021.

Detailed explanation-4: -Innovations for Defence Excellence (iDEX) is the flagship initiative of the Department of Defence Production and it was rolled out to encourage start-ups and other such entities engaged in defence innovation.

Detailed explanation-5: -iDEX aims to achieve self-reliance and foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia.