Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data

Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data

SUMMARY

These startups are working in aeronautics, aerospace and defence sectors

Government has launched Innovations for Defence Excellence framework to achieve self-reliance in defence sector

DRDO has launched the Technology Development Fund under the Make In India initiative

While Indian startups are leveraging new-age technologies to bring in a substantial change in the everyday lives of citizens, close to 200 startups are helping the country to boost its defence capabilities, according to the government.

In response to a question in the Lok Sabha, Shripad Naik, Minister of State for defence, said that 194 defence startups are registered with Startup India and are innovating in the aeronautics, aerospace and defence sectors.

Revealing plans about how the defence ministry is bolstering startups, Naik said that the government had launched Innovations for Defence Excellence (iDEX) framework in 2018 to achieve self-reliance and to foster innovation and technology development in defence and aerospace sector.

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. For the iDEX framework, the defence ministry works closely with MSMEs, startups, individual innovators, research and defence institutes and academia, Naik added.

So far, 44 iDEX winners have been identified for 14 problem statements and now the government is now looking for solutions to three new problems with the third phase of Defence India Startup Challenge (DISC), recently launched under the iDEX programme.

In addition to iDEX, the defence research and development organisation (DRDO), defence ministry’s R&D arm, has launched Technology Development Fund (TDF) for meeting the requirements of army, navy, and airforce. The programme was established with the aim to promote self-reliance in defence technology as part of the Make in India initiative.

Naik further said that the defence ministry has simplified the process — Make-II procedure — to promote innovative solutions working towards substituting defence imports. “The simplification will encourage wider participation of MSMEs and startups for timely acquiring of equipment into Indian armed forces,” he added.

Moreover, DRDO has evolved a new industry-friendly patent policy for transfer of DRDO developed technologies to industries. The policy will help Indian startups to get free access to use DRDO patents and work on innovative solutions aimed to improve India’s 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. To make this into a reality, the government is currently seeking approval to allocate INR 500 Cr.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% 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.

Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data-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.

Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data-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.

Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data-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.

Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data-Inc42 Media
Govt Says 194 Defence Tech Startups Under ‘Startup India’; Reveals iDEX Data-Inc42 Media
You’re in Good company