TBI in HP
Awards and recognition
TBI in HP
Awards and recognition
Startup In The Hills With Catalyst
IIT Mandi Catalyst offers a low-cost, tranquil, and high-tech venue for early stage entrepreneurs to grow in, away from the hustle and bustle of a fast-paced life, pollution, excessively long commutes, and other big-city complexities.
Essentially, we assist early-stage entrepreneurs in transforming their ideas from concept to commercialization. By providing low-cost work spaces, solid technical infrastructure, and coaching, we contribute significant value to companies during the ideation and product development phases. In addition to this, we assist entrepreneurs who aim to solve global challenges, with a special focus on firms from the Himalayan region. We have a soft spot for social impact startups as well. Open to all budding startups and innovators from across the country, we invite you to leverage the support provided by Catalyst and Startup in Hills!
Thinking of Applying For Support?
Of the 1200+ startup applications we have received in the last five years, we have fully assisted 200+ startups. 40% of all the startups we have supported are from Himachal Pradesh and 30% of them are aimed at building solutions for issues in the Himalayan region itself.
With that said, we are also sector agnostic and welcome ideas from all walks of life with a particular preference towards products that are best built in our unique environment and with the available expertise. A majority of the ideas that we have supported are in the domains of:
Agriculture, Biotech, Healthcare, Clean Energy, Waste Management, Enterprise Solutions, Education, Disaster Management & Road Safety, Travel, and Consumer Internet.
- are an early stage startup working on a ‘technology based business idea’
- need technical mentoring and/or infrastructure to build your product
- need hand holding and mentoring in getting your business plan right
- need a low cost, productive work environment
- are excited at the idea of starting up in the hills!
Catalyst is the right incubator for you!
To be a part of the initiative, Email firstname.lastname@example.org
Innovation Ecosystem in IIT Mandi
In the last five years, we’ve staged Six big events, hosted 80+ startup mentors, held over 150+ formal training workshops, and 6.13 crore has been committed startups out of which distributed over INR 4.30 crore in grants and investments to entrepreneurs. Furthermore, we are proud to have eight government-funded initiatives to assist companies in their journey from ideation to commercialization. Around 40 faculty members from IIT Mandi have actively engaged in Catalyst activities and the mentoring of entrepreneurs. One-fourth of the Catalyst-supported business ideas originated on the IIT Mandi campus, and five faculty-led startups have also received support. Every year, students at IIT Mandi participate in tens of prototyping projects as part of their innovative curriculum. Many students from IIT Mandi also work as interns for Catalyst-supported firms and assist with product development.
All of this is owing to the fact that laboratory facilities in IIT Mandi are made accessible to all startups to enable seamless prototyping and product development. IIT Mandi also ensures that the local and state administration are given as much importance as any other sector by solving their social problems via the means of the superior resources provided by Catalyst. Many firms working on government or social impact solutions have benefited from such ties.
Overall, IIT Mandi’s vibrant and thriving residential campus is the perfect resource pool for a startup to bring ideas to life through technological interventions, from infrastructure to intellectual assets.
Are We Effective At What We Do?
- One out of every five startups that finish our three-month program receives an average of INR 20 lacs in seed funding from Catalyst.
- Within a year, three out of every four startups that receive funds from Catalyst raise a second round of funding.
- The startups we’ve assisted have produced over 700+ jobs and received over 80+ accolades on a national and international level.
Our startups value the high-touch mentorship provided by our affiliated faculty and industry mentors, as access to the IIT Mandi environment and its extensive network has provided technical and business opportunities for several of our aided startups.
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The catalyst was awarded INR 5 crores funding from DST for the period 2016-21. IIT Mandi has committed about INR 8 crores for the same duration. In addition, Vishal Bharat Comnet has donated INR 10 Lakhs toward incubation funds of IIT Mandi Catalyst. In 2017, the Government of Himachal Pradesh committed INR 30 Lakhs for Catalyst.