Invest4iDEX

March 2, 2022

Invest4iDEX is an event that will be organized during the Defence Expo 2022. In this event, start-ups will be able to pitch their ideas in front of a live audience of reputable investors and venture capitalists.

Overview:

In Gandhinagar, Gujarat, Defence Expo 2022 will be held from 10^th March to 14^th
One of the Defence Expo 2022s top highlights will be Invest4iDEX.
At Defence Expo 2022, during its flagship event Manthan, iDEX is ready to show its start-ups and award its winner.
Memorandum of Understanding (MoUs) will also be signed by iDEX with three new partner incubators, all of which are leaders in science, venture development, and technology.

About Innovations for Defence Excellence

In 2018, PM Modi launched Innovations for Defence Excellence (iDEX). It provides a uniform platform for stakeholders in the aerospace and defence sectors. iDEX acts as an umbrella organisation for technological development and collaborations.

Through flagship programmes like Defence India Startup Challenges (DISC) and Open Challenges (OC), iDEX enables the military to find key solutions to the challenges which will be critical for the future of military technology. The Indian Navy has successfully placed a Supply Order with Saif Automations Services LLP, an iDEX winner.

iDEX has received over 2,000 applications from individual innovators and startups in five rounds of DISC and three rounds of OC. Through its Grant-in-Aid framework, Support for Prototype and Research Kickstart (SPARK), iDEX has been able to fund projects, with grants ranging up to Rs 1.50 crore to entrepreneurs.

iDEX utilizes the nation’s strong technology, science, and research talent base for the development in the field of defence innovation.

Does iDEX projects have civilian applications?

The iDEX has long been at the forefront of defence and internal security innovation, and many of its projects have significant civilian applications, such as quantum computation, AI/predictive maintenance/logistics/data analytics, security/encryption, and communication.

The sixth edition of DISC will be launched by iDEX with 29 new problem statements from the Ministry of Home Affairs (MHA), Defence Public Sector Undertakings (DPSUs), and Indian Coast Guard (ICG).

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