BENGALURU: Defence minister Rajnath Singh, who launched the ninth edition of the Defence India Startup Challenges (DISC 9) on cybersecurity with 28 problem statements, and the Innovations For Defence Excellence (iDEX) Investor Hub (iIH), said Indian investors have pledged over Rs 200 crore.
Singh said iDEX has enabled talent from across the country to come forward.
The iIH aims to accelerate investment in the defence sector and give investors a unified view of opportunities and innovations, the MoD stated on Wednesday, adding the Defence Innovation Organisation (DIO) also signed MoUs with investors at Startup Manthan at Aero India.
Another MoU was signed with Axis Bank. DIO has signed MoUs with Isro, IN-SPACe, and ISpA. An MoU was signed with the Border Roads Organisation to potentially launch startup challenges in the future. The fourth edition of Innovate4Defence internship (i4D) was also launched, inviting applications from students all over India.
Singh, while equating startups with new energy, new commitment and new enthusiasm, said they’re more open to adopting new technology architecture, making them essential to India’s progress.
He said the services, DPSUs, Coast Guard as well as organisations under the home ministry are giving problem statements to the youth, who are rising to the challenge every time. “India is supporting its youth to innovate, thereby empowering them to become job creators and manufacture indigenous defence products and reduce our dependence on imports,” he said.
DISC 9 is the first collaboration of iDEX with the Indian Cyber Crime Coordination Centre (i4C) division of the ministry of home affairs.
The iDEX-DIO also signed its 200th contract with a winner of the Indian Navy Prime Challenge launched under the SPRINT initiative.
Singh said iDEX has enabled talent from across the country to come forward.
The iIH aims to accelerate investment in the defence sector and give investors a unified view of opportunities and innovations, the MoD stated on Wednesday, adding the Defence Innovation Organisation (DIO) also signed MoUs with investors at Startup Manthan at Aero India.
Another MoU was signed with Axis Bank. DIO has signed MoUs with Isro, IN-SPACe, and ISpA. An MoU was signed with the Border Roads Organisation to potentially launch startup challenges in the future. The fourth edition of Innovate4Defence internship (i4D) was also launched, inviting applications from students all over India.
Singh, while equating startups with new energy, new commitment and new enthusiasm, said they’re more open to adopting new technology architecture, making them essential to India’s progress.
He said the services, DPSUs, Coast Guard as well as organisations under the home ministry are giving problem statements to the youth, who are rising to the challenge every time. “India is supporting its youth to innovate, thereby empowering them to become job creators and manufacture indigenous defence products and reduce our dependence on imports,” he said.
DISC 9 is the first collaboration of iDEX with the Indian Cyber Crime Coordination Centre (i4C) division of the ministry of home affairs.
The iDEX-DIO also signed its 200th contract with a winner of the Indian Navy Prime Challenge launched under the SPRINT initiative.
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