Defence Minister Nirmala Sitharaman launched the Defence India Startup Challenge in Bengaluru, Karnataka. The challenge was launched with a vision to build an ecosystem of innovation and entrepreneurship in defence sector and make India self-reliant for meeting defence requirements.
Recognising the first set of incubators for these challenges the ministry has also signed an MoU with 5 incubators. IIM Ahmedabad, IIT Mumbai, Forge IIT Madras, and T hub who will work in tandem to provide solutions for defence requirements in Airforce, Navy and for Army.
Raksha Mantri also launched SPARK (support for prototype and research Kickstart) in defence, framework for IDEX partners, and promotion of start ups under Make II procedure.
Source- DD News