Amity Innovation Incubator Selected as Key Partner for iDEX Initiative by India’s Ministry of Defence
Hyderabad– Amity Innovation Incubator (AII), a prominent hub nurturing innovation and entrepreneurship, proudly unveils its appointment as a partner incubator for India’s Ministry of Defence’s groundbreaking Innovation for Defence Excellence (iDEX) initiative.
The iDEX initiative, is a crucial step in India’s quest for self-reliance in defence and defence production, aims to facilitate the rapid development of new, indigenised, and innovative technologies for the Indian defence and aerospace sector. Acknowledging the paramount significance of innovation and technological advancements, the Ministry of Defence has actively involved a spectrum of stakeholders, including research and development institutes, academia, industries, start-ups, and individual innovators.
Dr. Aseem Chauhan, President of Amity Innovation Incubator, expressed his gratitude to the Honourable Defence Minister Rajnath Singh and the visionary leaders spearheading the Defence and iDEX initiatives. “Their trust and confidence in us is an immense privilege. We are deeply grateful and honoured, to be part of the select few”. Stressing the importance of this acknowledgement, he further emphasized, “Amity Innovation Incubator is enthusiastic about contributing to the iDEX initiative and play a pivotal role in empowering a culture of technology co-creation and co-innovation within the defence and aerospace domains.”
Since India’s Independence, the primary objective has been to achieve self-reliance in the field of defence and its production. With India being the world’s largest defence equipment importer and a planned expenditure of around USD 220 Billion in the next decade for the modernization of its armed forces, initiatives like iDEX become instrumental in achieving these goals. The Ministry of Defence has instituted iDEX to foster a culture of innovation and technology development in defence and aerospace by engaging with industries, including MSMEs, start-ups, individual innovators, R&D institutes, and academia. iDEX aims to extend grants, funding, and comprehensive support for research and development endeavors geared towards meeting the future requirements of India’s defence and aerospace sectors.
The iDEX initiative will be funded and managed by the Defence Innovation Organization (DIO), a ‘not-for-profit’ company formed under the Companies Act 2013. DIO, with Defence Public Sector Undertakings (DPSUs) – HAL & BEL as founder members, will provide high-level policy guidance to iDEX, which will function as the executive arm carrying out all required activities.
Amity Innovation Incubator eagerly anticipates collaborating with the iDEX initiative, aspiring to cultivate a vibrant ecosystem that nurtures innovation and significantly contributes to technological progress within India’s defence and aerospace domains.