DISC #1

Hon’ble Raksha Mantri Smt. Nirmala Sitharaman launched the ‘Defence India Startup Challenge (DISC) on 4th Aug 2018 at Bengaluru, wherein innovators, organizations as well as individuals were presented with eleven ‘Problem Statements’ for resolution.

In this event four incubators namely (i)  Centre for Innovation Incubation and Entrepreneurship , IIM Ahmedabad (ii) SINE, Society for Innovation and Entrepreneurship, Indian Institute of Technology Bombay, (iii) T-Hub, Hyderabad (iv) FORGE - a branded incubation enterprise launched by the Coimbatore Innovation & Business Incubator (CIBI), were given Certificate of Partnership for helping Ministry of Defence in discovery, exploration and mentorship of Startups/MSMEs to co-create innovative Defence Technologies. Subsequently, two more Partner Incubators have come within the iDEX fold viz. Incubation Cell, IIT-Madras and FITT, IIT-Delhi.

Approximately 500 applications were received in the first leg of the challenge, of which a total of 28 Winners have been shortlisted to be considered for grant of funds for prototype development and possible commercialization thereafter.

The results of DISC I can be seen here.

Timeline

4th August 2018 - 24th October 2018

Grants Upto

₹ 1.5 crores, strictly on a milestone basis in the form of grant/equity/debt/other relevant structures.