IIT Mandi Catalyst

Entrepreneur-in-Residence (EIR) launched to support budding entrepreneurs.

Catalyst selects eight startups under the Him Startup Yojana, distributing INR 2 Crores in support.

The PILOT Component under GENESIS is designed to enable startups, particularly from Tier-II and Tier-III cities, to validate and demonstrate their market-ready solutions through pilot projects with corporates, PSUS, and large enterprises. Each selected startup may receive up to funding of ₹40 lakhs. Disbursement may be milestone-based or in single/two tranches. Startups will receive dedicated support from Enabling Partners (EPs), including access to labs, prototyping equipment, workspaces, periodic mentoring, business connects, and compliance support. Centers can hold equity up to 3% on behalf of MSH. Eligibility requires a DPIIT registered startup in ICT-related domains (IT & AI, electronic design & manufacturing, tech/deeptech products) with an MVP/working prototype, viable business plan, full-time founder/co-founder, and a Pilot work order/Purchase order from an eligible corporate/PSU/unicorn. Must not be a beneficiary of TIDE 2.0 scale-up or SAMRIDH.

The scheme aims to provide financial assistance to startups with new and meritorious ideas, innovations, and technologies, enabling them to raise investments from angel/Venture capitalists or seek loans from commercial banks/financial institutions. Support is given as a grant to the incubator for providing to startups as a soft loan or against equity or a combination of both. Eligibility requires a registered private company that has completed a minimum of three months incubation at the TBI, an Indian startup (51% Indian promoter shareholding), and generally caters to early-stage financing for commercialization of indigenous ideas. Funds can be utilized for product development, testing and trials, test marketing, mentoring, professional consultancy, IPR issues, and manpower for day-to-day operations. A startup can be funded only once.

Purpose: PoC, Prototype Development, Market-Entry, and Commercialization. Funding Agency: Department for Promotion of Industry and Internal Trade (DPIIT). Maximum Funding: INR 50 Lacs. Eligibility: DPIIT Recognized startup, incorporated not more than 2 years from the date of application, innovative business idea with strong market potential, commercial viability, and scalability, leveraging technology, at least 51% shareholding by Indian promoters. Must not have received more than ₹10 lakh in monetary support under any other Central or State Government scheme (excluding prize money, subsidized workspace, founder allowance, lab access, prototyping facilities). A startup can avail seed support only once under SISFS in the form of a grant and once through debt/convertible debentures.