IIT Mandi to provide up to Rs 50 Lakhs funding to technology startups

Mandi, July 21 (KNN) The technology business incubator of Indian Institute of Technology (IIT) Mandi is hosting the sixth edition of its annual flagship event, Himalayan Startup Trek (HST) from August 26 to 28.

Through this initiative, IIT aims to guide early-stage startups by providing support in infrastructure, finances, mentoring, and help them build industry connections. 

The main completion of the event, the startup pitch will have three themes such as Human-Computer Interaction (HCI), build for the Himalayas, and environment and sustainability. 

Each thematic area has prize money of up to Rs 2 lakhs to be distributed between the top 3 start-ups in the given theme. Top start-ups will be provided incubation support and access to funding schemes for prototyping as well product development up to Rs 50 lakhs.

Speaking about the event, Prof. Laxmidhar Behra, Director-IIT Mandi, said, “IIT Mandi Catalyst is on a mission to build a high-tech sustainable startup valley in Kamand.”

“The institute will function as a nucleus to attract the relevant stakeholders to this hill valley,” he added.

In the last five editions, HST witnessed participation from more than 1200 startups and over 150 mentors, speakers, and investors.  (KNN Bureau)