Maker Village becomes innovation programme partner for defence solutions – The Hindu BusinessLine

The Union Government has selected Maker Village Kochi as a partner for its iDEX programme that pursues an innovative defence ecosystem, thus facilitating the country’s largest hardware deep-tech incubator to create solutions for the armed services.

iDEX, or Innovations for Defence Excellence, gives innovators the strength to serve India’s defence needs by funding and hand-holding them. The Defence Innovation Organisation (DIO) under the Ministry of Defence chose Maker Village as a partner of the programme that also facilitates customer engagement.

Maker Village CEO Prasad Balakrishnan Nair received the memorandum of understanding from his DIO counterpart Sanjay Jaju, who is also the Joint Secretary, Ministry of Defence Production.

iDEX, launched in April last year, primarily strives for an ecosystem fostering innovation and technology in the areas of defence and aerospace. startups are among the enterprises made eligible under the programme that gives grant and other support for R&D solutions of potential adoption.

The Maker Village CEO described the iDEX selection as a milestone for the pioneering startup initiative founded in February 2015 under the Union Ministry of Electronics and Information Technology, with Indian Institute of Information Technology as the host institute.

The agreement gives us an opportunity to join more defence-related endeavours,” Nair said, noting that iDEX provides the selected startups access to the defence markets besides grants of up to Rs 1.5 crore. It will encourage young entrepreneurs from our ecosystem to propose new ideas and platforms that benefit the armed services, he added. This also creates opportunities for the iDEX winners from across the country to come and do their product development at Maker Village.

iDEX facilitates sustained innovation, product acceleration and investment for proto development. Maker Village’s MoU with IDO is significant in two ways. One, innovators from across the country who are iDEX winners can get incubated at Maker Village by using the facilities. Two, the innovators from the Maker Village ecosystem can get well connected to defence requirements.