MoD to fund startups for artificial intelligence and big data analytics: The Tribune India
New Delhi, April 22
The Department of Defense will fund startups capable of providing solutions to the needs of artificial intelligence (AI), advanced imaging, sensor systems, big data analytics, unmanned autonomous systems and systems. secure communications, among other technologies.
Defense Minister Rajnath Singh on Friday launched the sixth edition of the Defense India Startup Challenge under the ongoing Innovations for Defense Excellence (iDEX) programme.
This aims to support projects requiring support beyond Rs 1.5 crore and up to Rs 10 crore. Apart from the three services and some Defense Public Sector Companies (DPSU), which participated in previous editions, this time the seven newly formed Defense Companies, Indian Coast Guard and organizations under the Ministry of Home Affairs will participate also.
Singh described these challenges as a symbol of the country’s growing technological prowess. “The iDEX program has provided an opportunity for our science and technology professionals to understand futuristic technologies such as AI, augmented reality, blockchain and space technologies,” the minister said. —