How to Apply
Applicants are required to provide the following information in the application:
- Full Details of a Single Point of Contact for the applying entity – these are the full contact details of a single person who will act as the point of contact between iDEX and the applicant. We encourage that this person be a core member of the applicant entity (Startup/MSME).
- Entity Details – these are the details of the Startup/MSME applying. Individuals Innovators do not have to fill these.
- Proposal Details – these are the details of the proposal in response to the iDEX Challenge problem statements/focus areas. Applicants must select the problem statement they are addressing, what level of funding they want and give technical and financial details of their proposal. This will include mentioning relevant patents and research papers by the applicant if any as well as a tentative business plan.
Who can apply
The applications will be screened by a duly constituted high-powered committee of defence and technology experts for the purpose of screening and selection of applications for the iDEX Challenge.
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.
Apart from the fund, 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.
Since the focus of the program is to facilitate creating of prototypes and bringing of products/technologies to market (defence or otherwise), applicants will be encouraged to spend on:
- Research & Development
- Pilot Implementation
- Market Assessment