The Laboratory for Innovation, Venturing and Entrepreneurship (LIVE) of the Indian Institute of Management, Kozhikode (IIM-K) and Cochin Shipyard Limited (CSL) have awarded seed funding worth Rs. 90 lakh to three promising start-ups.

• It is part of the USHUS scheme, a start-up initiative of CSL, helmed by IIM-K LIVE for supporting start-ups in the maritime sector from the technical, regulatory, financial and marketing points of view by bringing stakeholders together, a release said.
• In the second round of seed funding, IIM-K LIVE has selected Fuselage Innovations (Kerala), Xalten Systems (Kerala), and Ensoverse (Delhi) for early-stage seed funding, thus adding the total number of start-ups under the USHUS programme to five with an overall funding support of ?1.7 crore till date.
• Ashutosh Sarkar, Executive Director, IIM-K LIVE, and Deepu Surendran, general manager, CSL, presented the award to representatives of the three selected start-ups.