After coming top in AgriTech4 Innovation Challenge held in Tashkent, Uzbekistan, Kerala startup Fuselage Innovations has now won an innovation grant of Rs 30 lakh from IIMK Live and Cochin Shipyard Limited.
Fuselage Innovations based out of Kerala Maker Village at Kalamassery was chosen for the grant along with two other startups in the second round of seed funding programme organised as part of the Ushus Scheme of the IIMK Live, a business incubator of Indian Institute of Management Kozhikode for supporting the startups in maritime sector. IIMK Live has launched the Ushus Scheme in association with Cochin Shipyard Limited to provide seed funding assistance to around five startups in India with a focus on development in the maritime sector.
“We are really excited to win the grant as part of the Ushus Scheme. The fund will be utilised for development of an innovative product in the marine sector. The grant has been given to foster the latest technologies in the maritime sector and related sectors,” said Devan Chandrasekharan, Managing Director of Fuselage Innovations.
Founded by Devan and his sister Devika in 2020 at Maker Village, Fuselage Innovations has been working to boost farm yield using drone technology. It was after completing their engineering graduation that the brother and the sister launched the tech startup to help the farmers.
They had already introduced two drones—Niriksh and Fiya—after conducting research and development on how drones could be used to identify pest problems and apply fertilisers in crops planted in large tracts of farmland. While the drone Niriksh, equipped with sensors, analyses pest attacks and nutrient deficiencies at an early stage in crops, the drone Fiya applies pesticides and fertilisers to the specific plants identified by Niriksh. For the last three years, Fuselage Innovations has worked with over 4,000 farmers in Kerala, and their drones have helped the farmers increase their yield by 35 per cent.