First INDUS-X Investors Meet Held

  • Innovations for Defence Excellence (iDEX) under the Department of Defence Production, Ministry of Defence and US Department of Defence.
  • Maiden meet on 8 November 2023 at New Delhi.
  • Pre-cursor to the 2+2 Indo-US Ministerial Dialogue.
  • INDUS-X Educational Series (Gurukul) was also launched.
  • Mr Doug Beck, Director Defense Innovation Unit (DIU), US DOD led the US delegation.
  • And Mr Vivek Virmani, PO (G) & COO/IDEX-DIO led the Indian delegation.
  • Co-ordinated by US India Strategic Partnership Forum (USISPF), IndusTech and mach33.aero (Social Alpha).
  • Brought stakeholders via Start-ups/MSMEs, Investors, Incubators, and Industry from both sides.
  • The Gurukul initiative is aimed to help innovators /start-ups to navigate in the defence eco-system of the US and India.

ABOUT INDUS-X:

  • India – U.S. Defense Acceleration Ecosystem (INDUS-X) was launched in June 2023 during the State Visit of the Hon’ble Prime Minister of India to the US.
  • To expand strategic technology partnerships and defence industrial cooperation between governments, businesses, and academic institutions of India and the US.
  • INDUS X will be a defence innovation bridge which would inter-alia include Joint Challenges, Joint Innovation Fund, Academia engagement, Industry-startup connect, investment by private entities in defence projects, mentoring by experts, niche technology projects etc.
Posted in Current Affairs.