Home Army Technology Defence start-up BBBS bags Rs 1.5 cr grant under iDEX – Business Standard

Defence start-up BBBS bags Rs 1.5 cr grant under iDEX – Business Standard

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Defence-tech Big Bang Boom Solutions (BBBS) Wednesday said it has bagged a Rs 1.5 crore grant for winning the ‘See Through Armor’ challenge by the under

The win entitles the to a chance to co-develop the solution along with the Indian Army, and a grant of Rs 1.5 crore, BBBS Praveen told

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

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, said the chosen solution can offer situational awareness to a soldier sitting in an armoured

“When the soldier is in an armoured tank, they have visibility only about what’s in front of them. Our solution gives the crew an ability to move naturally and almost feel that the around them is invisible,” he said.

said the solution leverages augmented reality and 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.

The extension of the chosen solution will be into unmanned vehicles and other technologies of the future, Dwarakanath said.

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

BBBS is working on several high-end technologies including new materials in armour, electronic warfare solutions, and piercing incendiary rounds. The company, Dwarakanath added, is also one of the finalists in the Illegal Usages of Drones Category of – the results of which are expected in a few weeks.

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.

“Our interest in defence stems from the fact that has always been critical to defining super powers of the world. Our ambition is complete independence for from defence imports,” Dwarakanath said.

BBBS intends to achieve this by creating indigenous tech, integrating tech from other start-ups in solutions, consulting to ramp up indigenous manufacturing, and facilitating tech transfer deals, among others, he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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