IIT Mandi Catalyst, a Technology Business Incubator, announced that it has selected nine startups to disburse Rs two crore under the NIDHI Seed Support System programme of the Department of Science and Technology (DST).
Selected startups will be needed to spend at least three months in residency at the IIT Mandi to showcase their ideas and it’s worth. Till now, IIT Mandi Catalyst has supported over 75 startups in different domains.
Puran Singh, Faculty-in-charge of IIT Mandi Catalyst, said in a release: “These startups have been with us for anywhere between six months to about three years. They have benefited from valuable technical mentoring from faculty and business inputs from industry mentors. They are ready to scale up. I wish them the best. There are many more startups in the pipeline that are building their product and may be funded soon.”
IIT Mandi, through its incubation programme, is currently mentoring startups that focus on creating a social impact through their solutions in areas including Waste Management, Health and Nutrition, Agrotech, Clean and Renewable Energy, Application of Artificial Intelligence and Machine Learning in solving large scale problems.
The shortlisted startups include: Biofi Medical Healthcare, EKA Antrepriz Pvt Ltd, Arnetta Technologies, Leopan Motors, Genetico Research and Diagnostics, Descatuk, High Five Innovation Labs, DataKund and Greentrek Innovation.
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