Raksha Mantri Shri Rajnath Singh launches Defence India Startup Challenge 5.0
Lauding the efforts of iDEX-DIO, Shri Rajnath Singh, in his address, termed DISC 5.0 as another step towards independence in the defence sector as the launch comes at a time when the country is celebrating ‘Azadi ka Amrit Mahotsav’. Stating that DISC 5.0 is a reflection of Government’s resolve of creating an ‘AatmaNirbhar’ defence sector, he exuded confidence that this challenge will move forward from its earlier editions and take innovation, design & development to newer heights. He shed light on the previous four editions of DISC and said that more than 80 startups, MSMEs and individual innovators have joined as winners in over 40 technological areas. He added that modern and futuristic problem statements launched in DISC 5.0 demonstrate the confidence of young entrepreneurs and innovators in DISC.
The Raksha Mantri underlined the importance of creating a strong, modern & well-equipped military and an equally capable & self-reliant defence industry, given the rapidly changing geo-political and security scenario in the world. To realise this vision, he said, iDEX is playing a crucial role by providing a platform wherein the Government, Services, think tanks, industry, startups and innovators can work together to help the defence & aerospace sectors reach full potential.
“Defence India Startup Challenge and Open Challenges provide many opportunities to our youth and entrepreneurs. They give a new direction to defence innovation and capabilities by highlighting the potential of India’s science, technology and research”, said Shri Rajnath Singh. He added that iDEX4fauji is a similar initiative that gives an opportunity to the service personnel to showcase their talent in these fields.
Sharing his insights on the broad contours of iDEX, the Raksha Mantri stated that the initiative has succeeded in bridging the gap between talent and demand in the country. “iDEX provides a strong foundation of innovation, R&D to the industry. Initiatives like iDEX form a link between our youth, academia, R&D, start-ups and the Armed Forces,” he added.
Shri Rajnath Singh listed out measures taken by Ministry of Defence to promote innovation, such as including iDEX as a procurement avenue under Defence Acquisition Procedure (DAP-2020); earmarking Rs 1,000 crore for domestic procurement through iDEX for financial year 2021-2022 and approving a budget of Rs 498.8 crore for the next five years to support over 300 startups and foster innovation in defence & aerospace sectors.