IIT Mandi Catalyst 2nd Startup Exploration Program Focuses on Clean Tech, Health Tech and Enterprise
Indian Institute of Technology (IIT) Mandi Catalyst has launched its 2nd 2021 startup exploration program with Shri Rajesh Kumar Prajapati, Director, Dept. of Industries, HP, which virtually discontinued the program.
No less than 23 startup teams, including 11 from Himachal Pradesh working in sectors such as waste management, agro-tech, health technologies, business management and clean technologies, participated in the inaugural session.
The 23 startups selected by IIT Mandi Catalyst will undergo a rigorous training and mentoring process over the next three months, after which they will present their refined ideas in a demo day. The most suitable ideas will be further supported by IIT Mandi Catalyst through a one-year program under various funding programs.
IIT Mandi Catalyst has supported around 140 startups in eight startup bundles so far and this will be the ninth batch of startups in the past five years. Earlier this year, IIT Mandi Catalyst was commissioned by the state government to distribute INR 10 Cr under the Him Startup Yojana which provides up to INR 50 Lakhs to startups for commercialization.
In addition to the guest of honor, the virtual event was honored by the esteemed presence of Professor Ajit K. Chaturvedi, Director of IIT Mandi; Mr. Samir Shah, Managing Partner, Peak Ventures, and faculty members of IIT Mandi.
The event began with an address by Professor Ajit K. Chaturvedi, Director of IIT Mandi. Welcoming the participants, Prof Chaturvedi said: “This is an opportunity for all startups to make the best use of the resources and support provided by IIT Mandi Catalyst as you build your startup over the next few months. “
Samir Shah, Managing Partner, Peak Ventures, shared his perspective with startups on how to make their ideas successful. He suggested that entrepreneurs choose hard-to-solve problems, and the solutions end up helping them grow their business exponentially. He insisted on the need for entrepreneurs to be flexible and adaptable to situations.