IIMK LIVE Extends NIDHI-SSP Seed Funding to Three Start-Ups
Kozhikode, February 5, 2026 – IIM-K LIVE, the business incubator of the Indian Institute of Management-Kozhikode (IIM-K), has announced the extension of seed funding support to three early-stage start-ups under the National Initiative for Developing and Harnessing Innovations – Seed Support Program (NIDHI-SSP). This funding is aimed at fostering innovation and entrepreneurship in India.
Details of the Funding
In this round of funding, IIM-K LIVE has allocated approximately ₹1 crore to the following start-ups:
- Perfectfit Systems Pvt. Ltd.
- Skeyebots Pvt. Ltd.
- Carrus Mobility Pvt. Ltd.
Significance of the Initiative
Debashis Chatterjee, the Director of IIM-K, emphasized the importance of timely support for innovation. He stated, “Innovation thrives when ideas are supported at the right moment. Through IIM-K LIVE and the NIDHI-SSP programme, we are committed to empowering entrepreneurs at a critical early stage of their journey, helping them convert technological ingenuity into solutions that create economic and societal value.”
About the Start-Ups
Each of the three start-ups receiving funding has a unique focus and vision:
1. Perfectfit Systems Pvt. Ltd.
Perfectfit Systems is focused on developing innovative solutions that enhance user experience in various sectors. Their approach combines technology with user-centric design to create products that meet the specific needs of consumers.
2. Skeyebots Pvt. Ltd.
Skeyebots specializes in robotics and automation technologies. Their aim is to streamline processes in industries such as manufacturing and logistics, thereby improving efficiency and reducing costs.
3. Carrus Mobility Pvt. Ltd.
Carrus Mobility is dedicated to revolutionizing transportation solutions. Their projects involve the development of smart mobility systems that aim to make transportation more accessible and sustainable.
Impact on Entrepreneurship in India
The NIDHI-SSP program is a crucial initiative by the Government of India aimed at nurturing start-ups and fostering a culture of innovation. By providing financial support and mentorship, the program helps entrepreneurs transform their ideas into viable businesses.
IIM-K LIVE plays a pivotal role in this ecosystem by offering resources, guidance, and a network of experienced professionals. This support is essential for start-ups, especially in the early stages when they face numerous challenges, including funding, market entry, and product development.
Future Prospects
The funding provided through the NIDHI-SSP program not only aids in the initial stages of these start-ups but also sets a precedent for future entrepreneurs. It highlights the importance of innovation and the need for supportive frameworks that encourage risk-taking and creativity.
As these start-ups progress, they are expected to contribute significantly to the economy by creating jobs, fostering technological advancements, and promoting sustainable practices. The success of these ventures could inspire more individuals to pursue entrepreneurship, thereby enhancing the overall entrepreneurial landscape in India.
Conclusion
The extension of seed funding by IIMK LIVE to Perfectfit Systems, Skeyebots, and Carrus Mobility marks a significant step in supporting innovation-driven entrepreneurship in India. As these start-ups embark on their journey, they carry the potential to create impactful solutions that address both economic and societal challenges.
Note: The information provided in this article is based on the latest updates from IIM-K LIVE and reflects the current status of the NIDHI-SSP program as of February 2026.
