Organisation Name:

Laboratory for Innovation, Venturing and Entrepreneurship (LIVE), IIM Kozhikode

Application Deadline:

June 15, 2026

About Organisation

The Laboratory for Innovation, Venturing and Entrepreneurship (LIVE) at IIM Kozhikode is a leading business incubator supporting startup funding in India. Established in 2016 with backing from the Department of Science and Technology, Government of India, LIVE promotes innovation and entrepreneurship through incubation, mentorship, and ecosystem building. As a National Centre of Excellence, it focuses on transforming early-stage ideas into scalable ventures. The incubator plays a vital role in strengthening India’s startup ecosystem by supporting technology-driven enterprises and enabling access to funding opportunities, including maritime startup grants in India and other sector-focused initiatives.

About the Grant

The USHUS Seed Grant is a flagship maritime startup grant in India launched by Cochin Shipyard Limited (CSL) in partnership with IIMK LIVE. Designed to boost maritime innovation funding, the program supports startups through financial assistance, mentorship, and incubation. It offers seed grants, pilot funding, and equity investment to help startups scale. The initiative also provides market access, investor connections, and technical guidance. Aligning with national priorities, the grant strengthens the maritime startup ecosystem while encouraging technology-led solutions. This opportunity is ideal for founders seeking tech grants in India within the maritime and logistics sectors.

Who can Apply?

This maritime startup grant in India is open to DPIIT-recognized startups. Applicants must have a scalable business idea with strong market potential and commercialization viability. Startups should be operating in the maritime sector and addressing relevant industry challenges. The use of technology must be central to the product, service, or business model. At least 51% ownership must be held by Indian promoters, in accordance with the Companies Act, 2013 and SEBI regulations. This grant is ideal for entrepreneurs seeking startup funding in India, particularly those focused on maritime innovation and tech-enabled solutions.

How to Apply?

Startups can apply for this maritime startup grant in India through the official IIMK LIVE application process. Applicants must submit detailed information about their business model, innovation, market opportunity, and technology usage. Required documents include proof of DPIIT recognition and shareholding details. Ensure all information is accurate and complete before submission to improve selection chances for this competitive startup funding opportunity in India.

Application Deadline

The application deadline for this maritime startup grant in India is June 15, 2026. Early submission is recommended to avoid delays and ensure successful application processing.