The startup ecosystem is booming in India, and organisations everywhere are playing their portion to encourage people who dream of running their own transactions. There was still various seminars that creating budding inventors together and involve them to discuss ideas and ways to execute them.
A technology business incubator reputation Catalyst from the Indian Institute of Technology in Mandi has been doing its fair share of bringing such innovative judgments together to discover industrialists of the future. Called the Himalayan Startup Trek( HST ), IIT Mandi Catalyst’s annual flagship occurrence is returning for its fifth edition with the name HST Grand Challenge( HGC) to find and encourage bright minds.
What is Himalayan Startup Trek?
Launched in 2017, the Himalayan Startup Trek brings together various stakeholders of the Indian startup ecosystem and connects them on a single stage. Being held practically this year owing to the pandemic, the Himalayan Startup Trek has previously were engaged in establishing brand-new venturing startups to seasoned instructors, allowing them to discuss new and innovative feelings, and thus forging partnerships that have altered the suggestions and inventions into products and services.
Over the last five years, Catalyst has emerged as one of “the worlds leading” incubators in those areas. Having patronage over 160 startups in sectors like clean exertion, healthcare, enterprise control, agriculture, manufacturing, biotech, education, and shopper internet, Catalyst aims to provide mentoring and training programmes for startup founders.
With more than 100 such programmes being hosted to date, Catalyst has exerted them to meet the funding requirements of early-stage startups through its funding arrangements. According to Arjun Gupta, founder of Genetico Research and Diagnostics Private Limited, “Genetico participated in HST in 2019. It was a wonderful 2-day contest with sloping seminars and professional talks by various VCs and unicorn founders. Catalyst very nicely overseen the entire episode in addition to one-on-one interaction periods of startups with various professionals. We came included as part of the 3-months incubation planned followed by seed financing as one of the purposes of the incubation platform as a consequence of this event. I highly recommend pre-seed/ seed-stage startups to participate wholeheartedly and get the best out of this action-packed startup event.”
This year, the HGC aims to identify and support inventive technology-based mixtures in three vast categories. Apart from awarding prize money to the exceed startups participating in the event, it will also pick up a handful of the most feasible ideas and enable inventors and entrepreneurs to conduct prototyping, testing, and implementation.
Professor Ajit Kumar Chaturvedi, Director of IIT Mandi, says, “IIT Mandi Catalyst is continuously helping innovative knowledge occur their startup doctrines. I invite startups from across the country to experience the prospering ecosystem at IIT Mandi and avail the resources and assistance provided by IIT Mandi Catalyst.”
Themes of the event
The HGC consists of three themes, which are sponsored by different stakeholders. The first topic’ The New Age Alliance – Human-Computer Interaction’ sponsored by iHub and HCI Foundation, IIT Mandi, aims to promote the use of intelligent interfaces and technological sciences in people’s daily numbers as well as in complex business and social decision-making processes.
With themes like brain-computer interaction, assistive technologies to aid and enhance human functioning and decision-making, the use of advanced engineerings to enhance cognitive abilities of the human rights, and use of artificial intelligence to aid human decision-making, prognosi, communication and processing, this category focuses on the design of computer technology in a way that its intelligence and computational capabilities can be utilised for good.
The second theme’ The Foothill Innovators Challenge – Build For Himalayas’, sponsored by SJVNL and compliance patronage, target at innovators and aspiring industrialists who have the intent and passion to build technology-based mixtures for solving the social, fiscal, and environmental challenges faced by Himalayan regions.
It consists of themes like mountain road safety, disaster management and prevention, supply and demand challenges faced by Himalayan agriculture, involvements to scale neighbourhood products and services, rural development, and other questions faced by the Himalayan regions. It involves are concentrated on addressing the issues and solving them by structure give chains, storage, or building capacity at different value chain levels.
The final theme’ The Habitable World Challenge – Environment and Sustainability’, sponsored by Peak Ventures, ALSiSAR Impact, and The Solar Labs, aims to focus on the devastating effect of human intervention in nature’s life cycle and enable startups and trailblazers to be presented by suggestions that can help in originating the world countries a more livable and livable place for all species.
With themes like climate change, management of natural resources, renewable and clean-living energy mixtures, and waste management and recycling, this theme aims to encourage inventors to build mixtures that align with the UN Sustainable Development Goals such as waste management, e-vehicles, green answers, and recycling.
With prize money of upto Rs 2 lakh each to be awarded to the top startups in every theme, this is the perfect platform for aspiring financiers, university student, and young professionals as it provides them with a chance to rack their abilities at the ideation and paradigm stagecoaches. Top startups will likewise be provided incubation support and access to financing planneds at Catalyst.
While it welcomes unregistered crews and individuals, cross-file startups, startups in the pre-seed stage, and innovators/ investigates owning a validated technology are also welcome to participate in the event.
All applications will assess a jury board consisting of representatives of sponsoring business, incubation cores, thematic professionals, and technological sciences professionals in a multi-stage screening and selection process. Applicants need to make sure that their projects are in alignment with the advertised thematic, technological countries, and with IIT Mandi Catalyst’s overall seeing and intent.
They likewise need to determine the nature and stretch of new innovations and must be implemented with intent to build and implement their solutions. Another thing that applicants must keep in mind is that the products and solutions must be technically feasible, and must be aligned with the market demand.
Catalyst started receiving applications on October 25, and all interested candidates must send in their applications no later than November 25, after which the jury panel will take about five days to screen all the applicants. Sloping seminars will be conducted from December 5-10, with the main event and prize distribution to be held on December 11 and 12.
Read more: yourstory.com