Kerala-based deep-tech climate startup Neiox Eco Cycle has secured a ₹75 lakh prototyping grant from Cochin Shipyard Limited (CSL) under the USHUS Maritime Innovation Scheme. The cheque was officially handed over during a ceremony held at IIM Kozhikode, where the startup—founded and led by CEO Akhil Raj Pottekkat—also signed the formal agreement.
The grant will enable Neiox to develop the world’s first sustainable, non-toxic, and carbon-negative marine hull coating. This breakthrough material features anti-corrosive and anti-biofouling properties and is uniquely derived from captured air pollutants that would otherwise contribute to lung disease and cardiovascular illness.
By turning climate and health hazards into valuable industrial resources, Neiox’s innovation improves ship fuel efficiency, reduces CO₂ emissions, and helps restore marine ecosystems—effectively showcasing a Kerala model of sustainable innovation on the global map.
Recognized by the Kerala Startup Mission (KSUM) and supported by TBI NIT Calicut and LIVE IIM Kozhikode, Neiox Eco Cycle focuses on climate action, public health innovation, and sustainable industrial transformation. The founding team blends academic expertise and industry experience: besides Pottekkat (also CMO of New Eagle Iron Oxides), the core team includes VP Hemalatha Ramachandran (former MD, Keltron), CTO Sajith V. (Professor & HOD, Material Science Engineering, NIT Calicut), and COO Ektha V. (Research Scholar, NIT Calicut).
Explaining the startup’s guiding philosophy, Akhil Raj Pottekkat noted, “Our collaboration with CSL reflects Kerala’s leadership in sustainable maritime innovation and our shared mission to build cleaner industries and healthier communities.”
Through the USHUS Maritime Innovation Scheme, Neiox now aims to commercialize its carbon-negative coating technology, positioning both Kerala and India as global pioneers in sustainable marine materials and climate-tech innovation.
