GAINS 2024

Source: PIB

Disclaimer: Copyright infringement not intended.

Context:

• The Ministry of Defense has launched the “GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024)” of Garden Reach Shipbuilders & Engineers Limited (GRSE) in Kolkata.

Details:

About GAINS 2024

The "GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024)" is an ambitious initiative launched by the Garden Reach Shipbuilders & Engineers (GRSE) to promote innovation within India’s defense sector. It is a unique national scheme to encourage and enable MSMEs and Start-Ups to develop innovative solutions that GRSE may incorporate for further technological advancement.

Aim: The aim is to leverage the vast eco-system of MSMEs and Start-Ups to address present and emerging challenges in the ship design and construction industry, while achieving the objectives of Atmanirbharta.

Objectives of GAINS 2024 GAINS 2024:

• Encourage Innovation: Cultivate a culture of innovation by providing a platform for startups and innovators to present their cutting-edge solutions.
• Enhance Collaboration: Substitute collaboration between defense public sector undertakings, private industries, academic institutions, and research organizations.
• Boost Defense Capabilities: Enhance the operational effectiveness and technological prowess of the Indian armed forces through innovative projects.
• Support Indigenous Development: Facilitate the development of indigenous technologies in line with the ’Make in India’ initiative and reduce dependence on foreign technology.

Key Features of GAINS 2024

• Open Innovation Challenges: GRSE will host a series of challenges focused on specific problem statements related to defense needs. Innovators will be invited to propose solutions to these challenges.
• Funding and Support: Selected projects will receive funding and technical support from GRSE, including access to its infrastructure and expertise.
• Mentorship and Training: Participants will receive mentorship from industry experts and GRSE professionals, aiding in the refinement and development of their innovations.
• IPR and Commercialization Support: GAINS 2024 will assist innovators in protecting their intellectual property rights and provide pathways for commercialization of successful technologies.

ALSO READ ABOUT- INDIA’S DEFENCE PRODUCTION- https://www.iasgyan.in/daily-current-affairs/defence-production-in-india

MODERNISING THE ARMED FORCES- https://www.iasgyan.in/ig-uploads/pdf/hj.pdf

Source:

https://pib.gov.in/PressReleasePage.aspx?PRID=2032206

PRACTICE QUESTION Consider the following statements regarding the GRSE Accelerated Innovation Nurturing Scheme: It aims to address challenges in shipyards and promote technology development through startups nurtured in the country. The scheme has received the highest funding in the recent budget expenditure. It leverages MSMEs and Start-Ups to achieve self-reliance in ship design and construction. Which of the statements given above is/are correct? (a) 1 only (b) 1 and 3 only (c) 2 and 3 only (d) 1, 2, and 3 Correct Answer: (b) 1 and 3 only