Updated 6 March 2024 at 15:40 IST
New Delhi: Defense Minister Rajnath Singh recently revealed the ‘acing’ development of innovative technologies with iDEX (ADITI) scheme, which the Defense Ministry launched with the purpose of encouraging innovation in critical and strategic defence technologies. The launch took place during DefConnect 2024 in New Delhi on March 4.
This specific initiative falls under the iDEX (Innovations for Defense Excellence) framework of the Department of Defense Production (DDP) and MoD has been allocated a budget of Rs 750 crore till 2026. The ADITI scheme is designed to support start-ups involved in research, development, and innovation ventures in defence technology, an official statement said.
Under the scheme, eligible start-ups can receive grant-in-aid. The goal of the new scheme, as the MoD puts forth, is to nurture the innovation of youth and propel the country forward in the field of technology.
Published 6 March 2024 at 15:40 IST