iDEX Challenge

Applicants respond to iDEX Challenge problem statements/focus areas. The selected applications will be funded up to ₹1.5 crores in the form of equity/other relevant structures. The funds will be disbursed in tranches based on the milestones decided by a high-powered selection committee. Selected applicants may also be given entry to accelerator programs run by iDEX partners, where they will be supported in technology and business development through mentorship under the innovation and entrepreneurship experts. The selected applicants may also be supported in terms of access to defence testing facilities and experts for their product/technology development. Focus areas include Research & Development, Prototyping, Pilot Implementation, and Market Assessment. Who can apply: Startups (as defined and recognized by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India), MSMEs (any Indian company incorporated under the Companies Act 1956/2013, primarily a Micro, Small and Medium Enterprises (MSME) as defined in the MSME Act, 2006), and Individual Innovators (research & academic institutions can use this category to apply).