Organisation Name:

Laboratory for Innovation, Venturing and Entrepreneurship

Application Deadline:

June 15, 2026

About Organisation

The Laboratory for Innovation, Venturing and Entrepreneurship (IIMK LIVE) is the business incubator of IIM Kozhikode, established in 2016 with support from the Department of Science and Technology, Government of India. It aims to foster innovation, entrepreneurship, and startup development by providing a collaborative platform for emerging ventures. The organization supports startups through incubation, mentorship, and strategic guidance, helping transform innovative ideas into scalable businesses with economic and social impact. IIMK LIVE plays a key role in strengthening India’s startup ecosystem, particularly in technology-driven and high-growth sectors.

About the Grant

The USHUS Seed Grant is a maritime startup grant program launched by Cochin Shipyard Limited (CSL) in collaboration with IIMK LIVE. This startup funding India initiative aims to build a strong maritime startup ecosystem by offering financial support, mentorship, incubation, and market access. Selected startups can receive seed grants up to ₹50 lakhs and pilot funding up to ₹1 crore. The program also provides equity investment opportunities, training, and access to investors. It focuses on promoting innovation in maritime sectors through technology-driven solutions and industry collaboration.

Who can Apply?

This maritime startup grant India is open to DPIIT-recognized startups with innovative business ideas in the maritime sector. Applicants must have a scalable product or service with clear market potential and commercialization scope. Startups should integrate technology into their core business model. Additionally, at least 51% of the shareholding must be held by Indian promoters. The solution must align with specified maritime focus areas. This grant is ideal for tech-driven startups aiming to innovate and grow within India’s maritime industry.

How to Apply?

Applicants must submit their application before the deadline with detailed information about their business idea, product, and market potential. Ensure compliance with eligibility criteria such as DPIIT recognition and shareholding requirements. Shortlisted startups may be invited for further evaluation, including presentations or discussions as part of the selection process.