Application for the Equity Investment has been closed.
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.
Seed Grant
Temporarily UnavailablePrototype Grant
Temporarily UnavailableScale-up Funding
Ongoing
Early-stage financial support provided to startups for idea validation, prototype development, and initial market testing. This grant enables startups to build a strong foundation without immediate equity dilution.
Funding support to facilitate real-world pilot implementation and testing of solutions within maritime and allied sectors. This helps startups validate performance, demonstrate impact, and accelerate market adoption.
CSL invests in selected startups in exchange for equity, supporting their growth and long-term scalability. The equity stake will be held in the name of CSL and shall typically be limited to a maximum of 9% of the paid-up equity of the company.
Identify high-potential startups through a structured screening process and assess their fit for the program.
Support startups in building, refining, and validating their solutions with expert guidance.
Enable startups to scale, access markets, and connect with investors for long-term growth.