Kozhikode, Oct. 24 -- India's pioneering initiative to nurture innovation and entrepreneurship in the maritime sector.

The startups selected for this round of funding are:

With this latest round, a cumulativeRs.6.9 crorehas now been sanctioned under theUSHUSprogramme to support14 startupsthrough IIMK LIVE, of whichRs.3.0 crorehas already been disbursed. The current tranche of Rs.2.5 crore will further accelerate the development of sustainable, scalable, and indigenous technologies in India's maritime sector.

Expressing his delight at the continued success of the collaboration,Prof. Debashis Chatterjee, Director IIM Kozhikode and Chairman, IIMK LIVE, said: "IIM Kozhikode's partnership with Cochin Shipyard Limited under the USHUS programme...