The Maritime India Foundation (MIF), the implementing agency for the Sagarmala Startup Innovation Initiative, has signed MoUs with the IIT Madras, IIT Bombay, and the Indian Maritime University (IMU) to establish Maritime Innovation Hubs (MIH).
The agreement marks the transition of the initiative into its execution phase. Under the partnership, the MIHs will mentor 36 startups that are currently developing 40 priority innovation projects to address critical challenges in the maritime sector of India.