Now, to reality.
It depends on what you mean by "rise". If you mean does the ball cross the plate at a higher point than it is released, them yes, a submariner does make the ball rise. Wasn't is Darin O'Day who basically threw the ball from almost ground level?
If you mean actually rise, then no. To actually rise, a pitcher would to develop lift on the ball greater than the weight of the ball. That would entail generating a bottom to top spin, a very high spin rate and a very high velocity.
The attached outlines the physics of it. The bottom line is no, at least today's athletes cannot make a ball actually rise.
http://www.hardballtimes.com/the-physics-of-a-rising-fastball/
They use Aroldis Chapman as a subject, and it concludes that if he kept his current spin rate (2350 rpm), he could (theoretically), get the ball to rise if he could thrown the ball at about 113 mph. Or, if he kept his current velocity, he would need to increase his spin rate to 3100 rpm to make it rise. However, that only accounts for the ball out of his hand. The ball loses speed over the course of it's journey to the plate, so the initial velocity would have to be 9-10 mph higher than it is right now (i.e., he would have to release the ball at around 122-123 mph).
A submariner might not have to throw the ball quite that hard, but to impart the same spin, it would have to be done as a breaking pitch which means less initial velocity.