Defence Startup BBBS Bags Rs 1.5 Crore Grant under iDEX

- Advertisement -

The company would work with the defence ministry and is also open to engaging with defence agencies in other “India-friendly nations”.

Defence-tech start-up Big Bang Boom Solutions (BBBS) has bagged a Rs 1.5 crore grant for winning the ‘See Through Armor’ challenge by the Ministry of Defence under iDEX. 

- Advertisement -

The win entitles the start-up to a chance to co-develop the solution along with the Indian Army, and a grant of Rs 1.5 crore, BBBS Chief Executive Officer Praveen Dwarakanath told PTI. 

Innovations for Defence Excellence (iDEX) was launched by the central government in April last year to create an ecosystem to foster innovation and technology development in areas of defence and aerospace. 

The programme aims to engage with micro, small and medium enterprises (MSMEs), start-ups, individual innovators, research and development (R&D) institutes and academia, and provide them grant and other support to carry out R&D for solutions that have potential for future adoption. 

Detailing out its entry at iDEX, Dwarakanath said the chosen solution can offer situational awareness to a soldier sitting in an armoured tank. Dwarakanath said the solution leverages augmented reality and virtual reality technologies that have been co-developed with its partners. The company works with researchers for developing these solutions, and the IP of the solution resides with the company. 

He informed that the company would work with the defence ministry and is also open to engaging with defence agencies in other “India-friendly nations”.
BBBS has also secured an undisclosed amount of funding in the form of convertible notes from strategic investors. The company will invest part of the proceeds into a hedge fund to generate higher returns, he said. It will also be used for strengthening operations of the company and business development, he added. 
- Advertisement -

Most Popular Articles

Zoho Group CEO Debunks Reports Of Setting up New Silicon Carbide Unit In Odisha

0
According to Vembu, the reports are based out of media speculation because the investment proposal is yet to be approved internally by the company. Hours...

EV Sales In Europe See Steepest Annual Drop Since 2017

0
In August 2024, Europe saw sales of 125,070 electric vehicles (EVs), a 36% year-over-year decrease and the most significant decline since January 2017. Consequently,...

Greaves Electric Mobility Expands Ampere Range With Dealers

0
After receiving government incentive approval, Greaves Electric Mobility invites new dealers to expand its Ampere range, looking for better customer experience and affordability. Greaves Electric...

TSMC Arizona Unit Starts Producing Apple’s Latest A16 SoC Using 5-nm Process

0
Apple A16 chips with 5nm process produced in TSMC Arizona plant are likely to be used in upcoming iPads, and the next generation iPhone...

European Car Industry Urges Quick Action Amid Plunging EV Demand

0
The European Automobile Manufacturers' Association has urged EU institutions to quickly implement relief measures to boost electric vehicle demand before the new CO2 standards...
Sirajuddin Ali, Founder and CEO of Malitra

“We Need Changes In National Building Codes, Along With Stringent Guidelines For Existing Buildings...

0
What are the policy shifts that could drive the expansion of India's EV ecosystem? Sirajuddin Ali, Founder and CEO of Malitra, an EV charging...
Narayan Kumar, Divisional Director - Industrial Devices Division, Panasonic Life Solutions India

“Automotive Is Currently Dominant; Infrastructure, ICT, Factory Automation Poised For Growth” – Narayan Kumar,...

0
In a discussion with EFY, Narayan Kumar, Divisional Director of Panasonic Life Solutions India's Industrial Devices Division (INDD), shared insights on the company's strategy...
Brajendra Singh Tomar CEO and Founder of Finayo

“Leasing Companies Critical For EV Adoption In The B2B Vertical” – Brajendra Singh Tomar,...

0
Why do electric rickshaws outsell L-category electric three-wheelers in rural and semi-rural areas? Is there potential for change? Brajendra Singh Tomar, CEO and Founder...
Naresh Neelakantan Global Nexus

“Cyber attack On A Vehicle Is An Attack On The OEM’s Image” – Naresh...

0
With the ongoing rapid evolution in the automotive arena, are cyberattack threats also increasing? Moreover, are software defined vehicles (SDVs) equipped to counter these...
Pradeep Palelli co-founder and CEO of Thanos Technologies

“Drones Represent High Technology And Are High-Ticket Items” – Pradeep Palelli, Co-Founder and CEO...

0
Three thousand – not a nod to Iron Man's love for his daughter, but the annual production capacity of spraying agri-drones at Thanos Technologies’...

Formula Racing Students Teams To PMSM Motors With 97% Efficiency

0
What can four students from Formula Racing teams accomplish? Why would they shift from creating an electric two-wheeler brand to tackling the rigorous B2B...

STMicroelectronics Joins RISC-V Startup Quintauris As Shareholder

0
To enhance RISC-V product development, STMicroelectronics has joined startup Quintauris as its sixth shareholder, which focuses on automotive and future mobile/IoT applications. Swiss semiconductor company...

Chip Design Startup BigEndian Receives $3M Investment

0
Eyeing expansion in engineering and R&D teams for security solutions, domestic fabless startup BigEndian has obtained a $3 million investment from Vertex Ventures SEA...

Thinker bell’s Self-Learning And Remote-Enabled Braille Literacy Device

0
Bengaluru-based startup Thinkerbell Labs Pvt Ltd was founded by Dilip Ramesh, Sanskriti Dawle, Aman Srivastava, and Saif Shaikh in 2016. For many years, Braille has...

Mukunda Foods: From QSRTo Kitchen Technology Expert

0
Mukunda Foods, originally a QSR, evolved into a kitchen technology expert, simplifying kitchen operations through automation. Established in 2012 by Eshwar K Vikas and Sudeep...

Industry's Buzz

Learn From Leaders

Startups