DRDO Launches Dare To Dream 2.0 Challenge To Promote Defence Tech Innovations

DRDO Launches Dare To Dream 2.0 Challenge To Promote Defence Tech Innovations

SUMMARY

A cash award of up to 10 lakh for startups and INR 5 lakh for individuals will be given to winners

Currently, 194 defence startups are helping the country to boost its defence capabilities

The Indian government is also considering funding over 250 startups over the next five years to achieve approximately 50 ‘tangible innovations’ for the Indian defence sector

While startups are leveraging new-age technologies to bring in a substantial change in the everyday lives of citizens, the Defence Research Development Organisation (DRDO) has launched the ‘Dare to Dream 2.0’ challenge to promote innovations in defence and aeropspace. 

Individuals & startups focussing on defence and aerospace technologies space can apply for the challenge. The details will be announced in the next few days. To participate, only Indian citizens and India registered, DPIIT registered startups are eligible. Winners will receive a cash award of up to INR 10 lakh for startups and INR 5 lakh for individuals.

Currently, 194 defence startups are helping the country to boost its defence capabilities.

The Indian government is also considering funding over 250 startups over the next five years to achieve approximately 50 ‘tangible innovations’ for the Indian defence sector. The government is currently seeking approval to allocate INR 500 Cr.

As of now, India is the world’s largest arms importer and it is looking to reduce its reliance on defence imports with the launch of iDEX. So far, 44 iDEX winners have been identified for 14 problem statements and now the government is looking for solutions to three new problems with the third phase of Defence India Startup Challenge (DISC), recently launched under the iDEX programme.

Last week, DRDO had provided its indigenously-developed drones to the Indian Army amid the ongoing border dispute between India and China. The unmanned aerial vehicle (UAV), Bharat, will help the army conduct accurate surveillance in high altitude areas and difficult terrain along the Line of Actual Control (LAC).

Bharat drones have been reportedly developed at a Chandigarh-based laboratory of the DRDO and are touted as one of the world’s most agile and lightest surveillance systems. It has been designed to ensure its survival in extreme cold weather conditions of the Himalayan region and can provide real-time video transmission during a crucial mission.

In December 2019, the Central Reserve Police Force (CRPF) in collaboration with Startup India had shortlisted 16 startups to solve the core challenges in the security sector — shoes against spikes, controlling blood loss and effective utilisation of Unmanned Aerial Vehicles (UAVs).

According to some reports, the defence industry is expected to be worth more than $700 Bn by the year 2026. With Make in India picking up the pace, the government can look to cut down its billions of dollars imports of defence equipment with the help of Indian startups.

You have reached your limit of free stories
Unlock The Ultimate Startup Intelligence With Inc42 Plus

Join 10,000+ Startup Founders & Leaders And Gain The Ultimate Startup Edge

Prices Increases In
countdownmail.com
2 YEAR PLAN
₹19999
₹5999
₹249/Month
UNLOCK 70% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹3499
₹291/Month
UNLOCK 65% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

DRDO Launches Dare To Dream 2.0 Challenge To Promote Defence Tech Innovations-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

DRDO Launches Dare To Dream 2.0 Challenge To Promote Defence Tech Innovations-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

DRDO Launches Dare To Dream 2.0 Challenge To Promote Defence Tech Innovations-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

DRDO Launches Dare To Dream 2.0 Challenge To Promote Defence Tech Innovations-Inc42 Media
DRDO Launches Dare To Dream 2.0 Challenge To Promote Defence Tech Innovations-Inc42 Media
You’re in Good company