Neiox secures Rs 30 lakh funding for Climate Tech Innovation

Calicut / November 15, 2024

Kozhikode, Nov 15: Pioneering climate tech company Neiox Eco Cycle today won a grant of Rs 30 lakh from Cochin Shipyard Ltd (CSL) under a maritime programme, accelerating the startup’s mission towards developing innovative solutions that recover and convert industrial pollutants as well as waste into valuable resources.

The award, instituted under the CSL-supported USHUS Maritime Startup Funding programme in association with IIMK Live, was presented at IIM-Kozhikode in the city. 

Key dignitaries at the event included IIM-K Executive Director Ashutosh Sarkar, Senior General Manager Lijo Jose, USHUS Programme Manager Sreehari C.M., Cochin Shipyard Chief General Manager V P Shiraz, and Deputy General Manager Anish S.

Incorporated in end-August this year, Neiox Eco Cycle’s work directly contributes to a sustainable and circular economy while aligning with the UN Sustainable Development Goals (SDGs). 

While its founder Akhil Raj Pottekkat is an environmental sustainability entrepreneur with over a decade of industry experience, Neiox Eco Cycle is incubated at the Technology Business Incubator (TBI) of the National Institute of Technology here.

“The programme is a testament to our commitment to developing sustainable and impactful solutions,” said Pottekkat. “Our work aligns closely with the UN SDGs. We will continue making strides toward a sustainable future.”

Pottekkat had an earlier tenure in pigment manufacturing, where he witnessed the environmental impact of industrial waste. Motivated to combat climate change, the youngster embarked on a four-year journey to develop solutions that transform pollutants into resources, ultimately establishing Neiox Eco Cycle.

The co-founders at Neiox comprise Dr Sajith V (CTO), Hemalatha Ramachandran (VP), and Ektha V (COO), who bring expertise in sustainable materials and environmental engineering.  Neiox also benefits from a robust mentorship network.

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