He said the incubator has received more than 1,000 applications and is already supporting 140 startups by providing funding of ₹3.50 crore for clean energy, environment, healthcare, agriculture, enterprise management, biotechnology, education and manufacturing etc.
IIT Mandi Catalyst, a technology business incubator, is providing a great push to startup businesses, chief minister Jai Ram Thakur said during the 12th Foundation Day function of the premier institute at its campus in Kamand, Mandi, on Wednesday.
He said the incubator has received more than 1,000 applications and is already supporting 140 startups by providing funding of ₹3.50 crore for clean energy, environment, healthcare, agriculture, enterprise management, biotechnology, education and manufacturing etc.
The CM said that since its inception, IIT Mandi has made unprecedented development while its alumni have excelled in their respective fields.
Thakur said the state government was committed to strengthen the institute in every way possible.
He said that having research projects worth more than ₹100 crore was an outstanding achievement by the institute.
“It is heartening to know that IIT Mandi was coordinating with premier institutions and universities across the world under its International Academic Extension Programme. So far, over 50 students have participated in the programme in various universities of the world,” he said.
