BENGALURU: Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking (PSU), signed a Memorandum of Understanding (MoU) with Foundation for Science, Innovation and Development (FSID), established by Indian Institute of Science (IISc) Bengaluru recently to collaborate on innovation and technology development initiatives under BEL’s Corporate Innovation Program (CIP) fostering collaboration with Startups/Academia/MSMEs.
The MoU underscores BEL’s commitment to advancing indigenous technological capabilities in aerospace and defence sectors. By partnering with FSID-IISc, BEL seeks to leverage leading innovation and cutting edge R&D to enhance the country’s strategic and operational capabilities in aerospace and defence. The signing of the MoU highlights BEL’s proactive approach towards engagement of stakeholders and continued commitment to Atmanirbhar Bharat.
Bharat Electronics Limited
Navratna PSU Bharat Electronics Limited (BEL) was established in 1954 under the Ministry of Defence, GoI, with a farsighted vision to make the country self-reliant in Defence electronics. Today, BEL is a multi-product, multi-technology, multi-unit conglomerate which designs, manufactures and supplies state-of-the-art products and systems in a wide variety of fields including Radars, Missile Systems, Military Communications, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun/Weapon System Upgrades, and Electronic Fuzes in the Defence segment.
BEL’s non-Defence business segment includes areas such as Electronic Voting Machines, Homeland Security & Smart Cities, Satellite Integration & Space Electronics, Railways, Artificial Intelligence, Cyber Security, Software as a Service, Energy Storage Products, besides Composite Shelters & Masts. BEL is fast expanding its global presence, putting its best foot forward to give a thrust to exports worldwide. In recent years, many policy reforms have been initiated by the Department of Defence Production, Ministry of Defence, Government of India for carrying out defence innovation and indigenisation. BEL is inclined to support such initiatives by indigenous production of items needed by the defence forces, independently and in collaboration with emerging entities in the private and public sectors.
Foundation for Science, Innovation and Development
Foundation for Science, Innovation and Development (FSID) is promoted by Indian Institute of Science as a Section 8 company and was incorporated to further its original mission of acting as a technology bridge for business enterprises and the nation at large. It has now grown to become a single window of access for all stakeholders to the deep science and deep tech knowledge within IISc. FSID provides a 360-degree set of offerings that facilitate the delivery of its objectives and is working on deep science focused targeted research, innovation, and product development, all done in partnership with Indian industry.
FSID possesses the capability and network to identify, evaluate, and support innovators from startups, researchers, and institutions of higher learning capable of addressing complex technical challenges. The origins of FSID dates back to 1991 when SID (Society for Innovation and Development) was set up with a mission to use the incredible repository of knowledge, world class infrastructure and talent present within IISc to help business enterprises and thereby the economy and the nation at large.
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