IIT-Mandi invites applications from startups for innovation challenge, grant up to Rs 16 lakh
IIT-Mandi's Catalyst will support and enable willing innovators, entrepreneurs or aspiring/ set-up startups to develop prototypes, test and take them to the market in the Himalayan region with a viable business plan. Individual price up to Rs 1 lakh and grant up to Rs 16 lakh will be bestowed.
- Mandi's Technology Business Incubator 'Catalyst' is inviting applications from startups, innovators and aspiring entrepreneurs for Himalayan Innovation Challenge (HIC), which aims to encourage entrepreneurs to develop technology solutions for problems unique to the Himalayan region.
- A total prize money of Rs 1 lakh will be distributed to top ideas and incubation support will be offered that will include Rs 16 lakh worth of grant and investment from IIT-Mandi Catalyst.
- Innovators and to-be entrepreneurs or established entrepreneurs can find the missing partners and collaborators to build the solutions relevant to the Himalayan region.
- Catalyst aims to create an impact in a range of relevant areas that bear importance for the Himalayan region.