Who has signed an agreement with the Indian Institute of Management-Kozhikode (IIMK) to boost start-ups in the maritime sector?

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Hindustan Shipyard

Cochin Shipyard Limited

Mazagon Dock Shipbuilders

Garden Reach Shipbuilders & Engineers

Correct Answer : Cochin Shipyard Limited

The Cochin Shipyard Limited (CSL) and the Indian Institute of Management-Kozhikode (IIMK) have signed an agreement to boost start-ups in the maritime sector. The CSL and IIMK's business incubator Laboratory for Innovation Venturing and Entrepreneurship (LIVE) plan to augment initiatives to develop an ecosystem for supporting the startups in maritime sector from the technical, regulatory, financial, and marketing points of view by bringing the stakeholders together.

The agreement in this regard was signed on Friday(22nd July 2022) between Executive Director of IIMK LIVE, Prof. Rajesh Upadhyayula, and General Manager (C-SAS) of CSL, Deepu Surendran, in presence of IIMK Director, Prof. Debashis Chatterjee and Chairman and Managing Director of CSL, Madhu S Nair. CSL said that under this initiative, start-ups can get up to Rs 50 lakh as seed grants, Rs one crore as prototyping grants and equity funding for start-ups at the scale up stage.

"IIMK LIVE will act as an implementation partner of this initiative and will provide incubation, mentorship, training to startups selected under this program," a release issued by the CSL said..

Source : NDTV

Published On : July 25, 2022

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