Our Story

Catalyst was launched in 2016 by IIT Mandi as the first Technology Business Incubator (TBI) in the state of Himachal Pradesh. Strongly backed by Central Government and State Government, Catalyst aims to incubate technology-based start-ups focused on economic and/or social impacts. As the name implies, it serves as a ‘catalyst’ to nurture and guide entrepreneurial initiatives with social and/or commercial objectives.

We are funded by IIT Mandi, Department of science and technology (DST), Ministry of Electronics and Information Technology, HP Centre for Entrepreneurship Development (HPCED), and Vishal Bharat Comnet, Chennai.

In only five years of existence, Catalyst has emerged as one of the leading incubators in HImachal Pradesh and in the Himalayan region. It is also among the more active incubators in the country. Through the visionary leadership provided by IIT Mandi, Catalyst has created a startup-friendly support system to ensure ideas of tomorrow don’t die.

Startup Idea Incubator
Startups Labs


To serve as catalyst to nurture and guide entrepreneurial initiatives with social and/or economic objectives


To foster R&D and Entrepreneurship to spawn knowledge intensive initiatives that would develop innovations useful to the society as a whole.

Future Plan

Innovation and Entrepreneurship Development Centre

In the next three years, we will incubate at least 100 startups every year. Over the next five years, we will disburse about INR 20 Cr to startups through various programs.  Catalyst is emerging as the leading incubator with special focus on technological innovation for the Himalayan Region. We are creating an aspirational, cutting edge environment with the best technology infrastructure to ensure success of innovative ideas. We continuously strive to be known as a high-touch incubator that provides personalized handholding support that the early stage startup ideas need.

We plan to create multi-institutional partnerships to focus on building solutions for the ecological and social needs of Himalayan region. ‘Digital First’ will become the new normal post Covid-19. Startups would like to incubate from a location such as IIT Mandi. We are preparing to support such teams.

We will set up a dedicated Fabrication Lab in 2020-21 in addition to the labs at IIT Mandi. We are planning to add more infrastructure and people to the team.


Board of Governors


Prof A.K. Chaturvedi


Hemendra Mathur
Venture Partner, Bharat Innovation

4 Lakshmi Vaidyanathan

Lakshmi Vaidyanathan
Founder, Jivass Technologies

5Saloni Malhotra passport size

Saloni Malhotra
Vice President – PayTM

Prem Felix Siril passport size

Dr. Prem Felix
Professor, IIT Mandi


Saurabh Mittal
Founder, QYON

2Varun rattan singh

Mr. Varun Ratan Singh
CEO , Development Logics


Dr. Anita Gupta
Head of Innovation and Entrepreneurship, DST, GOI

Board of Directors


Prof A.K. Chaturvedi
Director, IIT Mandi

Prem Felix Siril passport size

Dr. Prem Felix
Professor, IIT Mandi

4 Dr Venkata Krishnan

Dr. Venkata Krishnan
Dean, Sponsored Research, IIT Mandi

Management Team


Saurabh Mittal
Senior Advisor

2 DR puran 2 new

Dr. Puran Singh
Faculty Incharge

3 DR Gopi Srikant Reddy

Dr. Gopi Shrikanth Reddy
Assistant Professor, IIT Mandi

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Saurabh Chaubey
General Manager


Volga Verma
Associate- Operations


Vickey Kaw
Associate- Incubation

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Avnish Mishra
Associate- Finance


Narbada Sharma
Jr. Associate- Operations


Lakhwinder Singh
Associate- Incubation

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Ravinder Kumar
Jr. Associate- Graphics Design

Gaurav Mankotia-img

Gaurav Mankotia
Associate- Incubation


We are a small operational team of ten that is guided by a large network of advisors. We follow a flat organization structure. Everybody gets their hands dirty with everything. If you are passionate about supporting innovative ideas and being around startups, you are likely fit to join our team. We work around the clock to ensure quick support to the startups that we support. Look out for opportunities to work with us.

If you have an idea of how you can contribute otherwise, please write to us at iitmandicatalyst@gmail.com. We are open to connecting with like and different minded individuals passionate about enabling entrepreneurship and innovation.