Startup exploration programme hosted by IIT Mandi

IIT Mandi Catalyst, the first technology business incubator in Himachal Pradesh, hosted ‘Startup Exploration Program’ to help startups convert their ideas into viable businesses.

Participants, during this program, work with mentors, and utilize the physical/financial support of Catalyst with an objective of building a working prototype and testing it for market potential.

Startup Exploration Program, the first phase of incubation program commenced on 2 July at the co-work space of Catalyst in hill valley of Mandi in Himachal Pradesh.

During this three-month program, startups will get upto Rs. 1.5 lakh in funding support, in addition to mentoring, networking and training.

The program was kickstarted with a two-week boot camp that included intensive workshops on goal setting and visualization, design thinking, minimum viable business, legal aspects of business and marketing strategy. Puran Singh, faculty in-charge of IIT Mandi Catalyst, said, “Most startups are consumed with their product and largely engrossed in technology behind it. They miss out on a variety of other unobvious but important aspects of building a scalable business. This boot camp is a conditioning exercise for budding entrepreneurs to steer their minds towards all vital factors that are important to their business ideas”

Six startups from different sectors including Agro tech, Ad tech, Block Chain, Healthcare, Food and Beverage, and online services, were admitted to this program. These startups have set their business goals for next three months and will make a focused attempt at achieving them.

sTArTups FroM VArious FieLDs hAVe Been inCuBATeD here