Kerala-based deep-tech startup Neiox Eco Cycle has secured a Rs 75 lakh prototyping grant from Cochin Shipyard Limited (CSL) under the USHUS Maritime Innovation Scheme. The grant will fuel the development of what could become a global first — a sustainable, non-toxic, carbon-negative marine hull coating.
The cheque was handed over at a ceremony held at IIM Kozhikode, where an official agreement was also signed. The event was attended by Dr. Ashutosh Sarkar, Executive Director of IIM Kozhikode; K.R. Anjana, CSL’s Chief General Manager (Design); Krishna Prasad S., Senior Manager, CSL; and Lijo P. Jose, Senior General Manager, LIVE IIM Kozhikode.
The innovative coating developed by Neiox is designed to be anti-corrosive and anti-biofouling, while being made from captured air pollutants—substances that would otherwise harm lungs and cardiovascular health. By turning these pollutants into a usable industrial material, Neiox aims to cut CO2 emissions, improve ship fuel efficiency, and protect marine ecosystems.
Founded by CEO Akhil Raj Pottekkat, Neiox Eco Cycle is recognized by Kerala Startup Mission (KSUM) and supported by TBI NIT Calicut and LIVE IIM Kozhikode. The company operates at the intersection of climate action, public health, and sustainable manufacturing.
The founding team includes VP Hemalatha Ramachandran (former MD of Keltron, retired GM of HMT), CTO Dr. Sajith V. (Professor and Head of Material Science Engineering, NIT Calicut), and COO Ektha V. (Research Scholar, NIT Calicut). The team blends academic research, industrial experience, and strategic leadership.
Pottekkat said Neiox is built on the idea that “the world’s greatest environmental and health liabilities can be turned into economic assets.” He added that the partnership with CSL underscores Kerala’s growing influence in sustainable maritime innovation, aligning with the broader goal of building cleaner industries and healthier communities.Through the USHUS Maritime Innovation Scheme, Neiox plans to commercialize its carbon-negative coating technology, positioning Kerala and India as emerging leaders in sustainable marine materials and climate-tech innovation.
