Q. Consider the following statements regarding Innovations for Defence Excellence (iDEX):
1. It aims at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging Industries, MSMEs and start-ups.
2. It is funded and managed by the Defence Innovation Organization (DIO).
Which of the statements given above is/are correct? 
Answer: C
Notes:
Innovations for Defence Excellence (iDEX) was launched by the Government of India in 2018. It is funded and managed by the Defence Innovation Organization (DIO).
- It primarily aims at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, start-ups among others.
- It also provides grants/funding to carry out R&D which has good potential for future adoption for Indian defence and aerospace needs.
Source: ForumIAS factly
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