FundingRs. 25 lakh to Rs. 50 lakh
MVP / Prototype
ClosesJun 20, 2026
Closed Grant Equity-free
USHUS Seed Grant Program at IIMK LIVE
by IIMK LIVE
Maritime startup seed grant of up to 30 Lakhs by IIMK LIVE and Cochin Shipyard Ltd
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.
- Up to Rs. 30 lakh seed grant
- Equity-free / non-dilutive
- For early-stage maritime startups across India
- Virtual incubation + mentorship from IIMK LIVE
- Access to the Cochin Shipyard maritime ecosystem
About this scheme
The USHUS Seed Grant is a maritime-focused startup support initiative led by IIMK LIVE in association with Cochin Shipyard Limited.
The program is designed to support early-stage maritime startups across India by providing seed grant-based funding to help transform ideas into impactful, scalable ventures.
Under this initiative, selected startups can receive seed funding of up to Rs. 30 Lakhs to accelerate product development, validation, and early growth.
The initiative aims to strengthen innovation in the maritime and allied sectors by enabling promising startups with financial support and institutional backing.
Who can apply
- Startups working in the maritime or allied sectors
- Early-stage startups at the idea, prototype, or MVP stage
- Startups based in India
- Must align with the objectives of the USHUS Maritime Startup Support Program
Eligible entity types: Private Limited, LLP, Partnership
Benefits & funding
Headline support
Rs. 10 lakh to Rs. 30 lakh
- Beyond the seed grant, selected startups receive virtual incubation and structured mentorship from IIMK LIVE faculty and industry experts, market-connect support, and access to the Cochin Shipyard Limited maritime ecosystem.
- Standout startups may also be considered for prototype grants up to Rs.
- 1 crore and potential equity investment from Cochin Shipyard Limited.
How the application process works
The journey below is informational, compiled from the official program guidelines. Applications are submitted directly with IIMK LIVE, in your own name.
- 1
Applications are reviewed by the joint IIMK LIVE and Cochin Shipyard Limited team and shortlisted by a selection committee based on the strength of the problem statement, the solution, technology readiness, team capability, market opportunity and potential impact.
- 2
Shortlisted startups are then taken through a due-diligence process by IIMK LIVE; on successful completion, an investment / grant agreement is signed and the grant is disbursed.
Want a second pair of eyes before you submit?IncorpX provides assistance for structuring proposals and organising the paperwork this process expects.
Official application
Ready to apply? Get the official link
Applications are submitted directly with IIMK LIVE, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.
Here is the official application link
Apply in your own name with IIMK LIVE. Want a second pair of eyes before you submit? An IncorpX advisor can help you prepare.
Open the official applicationFrequently asked questions
Who is USHUS for?
Early-stage maritime startups across India working on shipping, vessels, ports, marine technology and ocean-related innovation.
How much funding can a startup get?
Up to Rs. 30 lakh as a seed grant. Standout startups may also be considered for prototype grants up to Rs. 1 crore and potential equity investment from Cochin Shipyard Limited.
Does USHUS take equity in my startup?
The seed grant component is non-dilutive. Cochin Shipyard Limited may separately consider equity investment for select startups based on strategic fit.
What support do selected startups get beyond funding?
Virtual incubation, mentorship from IIMK LIVE faculty and industry experts, market connections and access to Cochin Shipyard's maritime ecosystem.
Important disclaimer
IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.
This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.
IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.
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