Maritime India Foundation signs MoUs with IITs and IMU to establish Maritime Innovation Hubs

Key facts

• The Maritime India Foundation, acting as the implementing agency for the Sagarmala Startup Innovation Initiative under the Ministry of Ports, Shipping and Waterways (MoPSW), signed Memoranda of Understanding (MoUs) to establish Maritime Innovation Hubs (MIHs).
• The MoUs were formalised with the Indian Institute of Technology Madras (IIT Madras), Indian Institute of Technology Bombay (IIT Bombay), and the Indian Maritime University (IMU Chennai) at the Chennai Port Authority.
• A subsequent agreement is scheduled to be signed with the Indian Institute of Technology Kharagpur (IIT Kharagpur) to complete the establishment of the fourth innovation hub.
• The initiative enters an execution phase to onboard and mentor 36 startups selected to work on 40 innovation projects addressing critical operational challenges in the Indian maritime sector.
• The programme aims to drive the modernisation of the sector through indigenous technology solutions in alignment with the national mandates of Atmanirbhar Bharat and Make in India.