Consider the following statements about IDEX Framework: 1. Innovations for Defence Excellence (iDEX) was launched by the Government of India in 2018. 2. iDEX will be funded and managed by Defence Innovation Organisation (DIO). Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

About IDEX Framework:

Innovations for Defence Excellence (iDEX) was launched by the Government of India in 2018.
Aim: It aims to create an ecosystem to promote innovation and technology development in Defence and Aerospace. For that, it will attract industries including MSMEs, start-ups, individual innovators, R&D institutes & academia.
It will also provide grants/funding and other support to them to carry out R&D. However, R&D should have a good potential for future adoption for Indian defence and aerospace needs.
Objectives of IDEX:
Facilitate rapid development of new, indigenized, and innovative technologies for the Indian defence and aerospace sector in shorter timelines.
Create a culture of engagement with innovative startups, to encourage co-creation for defence and aerospace sectors.
Empower a culture of technology co-creation and co-innovation within the defence and aerospace sectors.
Nodal Body: iDEX will be funded and managed by Defence Innovation Organisation (DIO).

Source: ForumIAS