TBI in HP
TBI in HP
Startup in the Hills with Catalyst
Away from pollution, long commute, noise and other big-city problems, IIT Mandi Catalyst offers a low-cost, peaceful and high tech destination to early stage startups. We help early stage startups through their idea-commercialization journey
We add most value to startups in ideation and product development phases by offering low cost work space, technical infrastructure, technical and business mentoring. We have a special focus on startups that want to solve problems of the Himalayan region. We give equal importance to startups that want to solve the problems of the world from the Himalayan region. We also have a soft corner for the social impact startups. We invite budding startups and innovators from across the country to leverage the support provided by Catalyst and Startup in Hills!
Thinking of applying for support?
We have received over 1000 startup applications in the last three years of which we have supported 77 startups. 40% of all startups we have supported are from Himachal Pradesh. 30% of all startups that we have supported are focussed on building solutions for issues in Himalayan region.
We are sector agnostic and welcome ideas from all walks of life. However, we do have a preference towards products that are best built at our unique location and with the available expertise. Majority of 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, Consumer Internet, etc.
- 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! Hit the apply button now! or Email email@example.com
Anyone having a startup idea can submit a 10 slide powerpoint presentation on an online form available here. After screening, selected ideas are invited for a pitch session judged by a panel of experts. If the panel recommends, Catalyst engages in discussion with the startup founders to figure out details of requirements and support required. Catalyst begins its engagement with a three-month support program during which a funding of INR 1.5 Lakhs is provided in addition to infrastructure and mentoring support. Upon satisfactory performance,Catalyst commits with a startup for one to two years with a funding support of upto INR 50 Lakhs. Startups are expected to convert their idea into prototype/product during this program.
We prefer startups to join us in batches. We do three batches a year typically in February, June and October. However, we make exceptions and take startups on a rolling basis on a case to case basis.
Innovation Ecosystem in IIT Mandi
In the past three years, we have organized four large events, hosted 50 startup mentors, held 75 formal training workshops, and disbursed over INR 3.5 Cr to the startups in grants and investments. We boast of having five government funded schemes to enable startups throughout their journey from ideation to commercialization. About 25-30 faculty members from IIT Mandi actively engage in the initiatives of Catalyst and/or mentor startups. One fourth of the startups ideas supported by Catalyst were initiated from within IIT Mandi campus. We have also supported five faculty led startups from IIT Mandi. Students of IIT Mandi engage in tens of prototyping projects every year through its innovative curriculum. Many students of IIT Mandi also engage with Catalyst supported startups in the capacity of interns and help in product development.
Laboratory facilities of IIT Mandi are made accessible to all startups for prototyping and product development purposes. Some faculty members also engage in consulting projects for solving technical problems for startups.
IIT Mandi also engages with local and state administration to solve social problems using technology. Such connections have benefited many startups focused on building government specific or social impact solutions.
Overall, the vibrant residential campus of IIT Mandi provides everything from infrastructure to intellectual resources that may be required to bring ideas to life using technological interventions.
Are we effective at what we do?
One in every five startups that complete the three month program with us is able to raise an average seed funding of INR 20 Lacs from Catalyst. Three out of four startups that raise funding from Catalyst, raise an additional round within one year. The startups that we have supported have created 198 job opportunities and have won 18 awards at national and international levels.
Our startups value the high touch mentoring that we provide through faculty and industry mentors affiliated with us. Access to the IIT Mandi ecosystem and its wide network has created technical and business opportunities for many of our supported startups.
Latest at Catalyst
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.