Shortlisted Companies
Selected Companies for Second Call
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01Quintrans Hyperloop
About the Company
Quintrans is a technology startup developing state of the art electromagnetic solutions for industry. Their patented linear motor technology allows friction less and energy efficient mobility solution with complete end to end automated control. Their expertise lies in R&D and application development involving linear motors and peripheral systems.
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02Docker Vision
About the Company
Docker Vision delivers AI-powered computer vision solutions tailored for the maritime Sector, specializing in real-time identification of containers, rail wagons, and vehicles. Their core offerings, including advanced OCR and AI surveillance, streamline logistics,and strengthen security operations. Docker Vision enhances supply chain efficiency through intelligent automation.
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03Drring Health
About the Company
Drring Health is dedicated to improving safety and healthcare for seafarers and their families in the maritime sector The company uses IoT devices, artificial intelligence, remote telemedicine, and a 24/7 cloud-based command center to enable rapid emergency response. Drring Health also offers an ABHA-compliant cloud-based electronic medical records system, with a special focus on women and the elderly.
Selected Companies for Third Call
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01PrEI's Biotech India Private Limited
About the Company
PrEI’s Biotech India Private Limited develops biotechnology solutions addressing healthcare and safety challenges for seafarers and maritime personnel. The company applies advanced research and regulatory-compliant biotech innovations to improve medical outcomes in maritime environments.
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02Guhan Industrial and Manufacturing Solutions Private Limited
About the Company
Guhan Industrial and Manufacturing Solutions Private Limited provides engineering and manufacturing solutions for ports, shipyards, and marine infrastructure. Its expertise includes precision manufacturing and customized industrial systems aligned with maritime standards.
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03InfinityCell (Pallegar Innovations Pvt. Ltd.)
About the Company
InfinityCell (Pallegar Innovations Pvt. Ltd.) develops advanced energy storage and battery systems for maritime and coastal applications. The company focuses on safe, reliable, and sustainable power solutions for vessels and port operations.
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04Stingray Robotix
About the Company
Stingray Robotix specializes in robotics and autonomous systems for maritime inspection, surveillance, and hazardous operations. Its solutions enhance safety, efficiency, and precision across port, vessel, and offshore environments.
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05Alert24
About the Company
Alert24 delivers real-time alerting and monitoring solutions for maritime safety and emergency response. The platform enables rapid incident detection, multi-channel alerts, and improved operational resilience.
About USHUS
USHUS is a startup engagement program launched by CSL to augment the government of India's initiatives to encourage and develop an ecosystem in India for supporting maritime start-ups from the technical, regulatory, financial, and marketing points of view by bringing the stakeholders together. This programme will provide a platform for young and talented entrepreneurs to develop products/services in the marine space with financial support provided by CSL. Indian Institute of Technology Madras (IIT Madras) will act as one of the implementation partners of this initiative and will provide incubation, mentorship, and training to start-ups selected under this programme. Under this initiative, start-ups can get up to Rs.50 lakhs as seed grants and Rs one crore as prototyping grants. There will be equity funding for start-ups at the scale-up stage. The institute will invite applications online twice a year to identify start-ups for funding under seed funds, pilot grants, and equity investment schemes.
Offerings
Eligibility Criteria
The Eligibility Criteria for startups applying for funding under this funding initiative is as follows:
- A start-up must be recognised by DPIIT (Department for Promotion of Industry and Internal Trade)
- Start-up must have the solution or product in the maritime sector for Focus Areas as specified in this Policy
- Shareholding by Indian promoters in the start-up should be at least 51% at the time of application to incubator for the scheme, as per Companies Act, 2013 and SEBI (ICDR)Regulations, 2018
- In general, the equity stake of CSL shall be limited to maximum 9% of the paid-up equity of the company.
- In general, the CSL will not take a seat on the Board of the Start-up company. However, 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.
Program Structure
Key Focus Areas
Decarbonization
Artificial Intelligence
Supply Chain
Automation
ROV
Block Chain
Simulation & VR
Simple & safe livelihood
Coastal Community Development
Transferrable Product Application
Improving earnings from fishing
Inland waterways
Manufacturing processes
Innovative alternate materials
Financial Support
Equity Investment
CSL investing into the equity of the Start-up company and equity will be held in the name of CSL. In general, the equity stake of CSL shall be limited to maximum 9% of the paid-up equity of the company.