Application for the Equity Investment has been closed.
Startup must be recognised by DPIIT (Department for Promotion of Industry and Internal Trade).
Must have a viable business idea with market fit, commercialisation potential, and scope for scaling.
Solution or product must be in the maritime sector and aligned with USHUS focus areas.
CSL's equity stake shall generally be limited to a maximum of 9%.
Indian promoter shareholding must be at least 51% at the time of application.
Technology must be core to the product, service, business model, or distribution methodology.
If due to specific requirements which may be in the overall interest of both CSL and the Start-up company, CSL may take a Board seat, after obtaining concurrence from the AС.
CSL will generally not take a Board seat unless mutually agreed.In general, the equity stake of CSL shall be limited to maximum 9% of the paid-up equity of the company.