Puran Singh - Latest News Update, Information, Photos & Videos on Puran Singh at Lokmat Times

A startup will now be able to raise up to Rs 50 lakh in seed capital from IIT Mandi Catalyst compared to earlier maximum of Rs 15 lakh.This comes after the National Science and Technology Entrepreneurship Development Board of the Department of Science and Technology has approved setting up of Seed Support System program at IIT Mandi Catalyst.Under the Seed Support System programme, startups will have to spend minimum three months in residency at IIT Mandi.During this time, the Catalyst will provide an additional grant of Rs 1.5 lakh to initiate work on the idea and prove its worth.Entrepreneurs that successfully show their ideas' worth will then be eligible to raise funds up to Rs 50 lakh.Faculty in-charge for Catalyst Puran Singh said: "IIT Mandi is committed to building a strong ecosystem in the region and increasing in funding for startups is a strong step in this direction.""We have a vision to make Kamand Valley a favoured destination for startups from across the country."In last three years, IIT Mandi has disbursed over Rs 1 crore grants and investments to over 30 startups that have gone through its three-month residential program.During this program, startups are provided technical mentoring by faculty of IIT Mandi while they build prototype or test and improve their product.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Puran SinghFOLLOW

Puran singh, Latest News

Business :Chitkara University Himachal Pradesh unveils its Entrepreneurship Cell 'JAZBA'

Giving a boost to entrepreneurship development, Chitkara University, Himachal Pradesh, organised a power packed inaugural session and unveiled its Entrepreneurship Cell (E-Cell) 'JAZBA'. ...

National :Prostitution racket busted in Delhi, 2 foreign nationals held

New Delhi, Nov 13 The Anti Human Trafficking Unit of Delhi Police's Crime Branch has busted a prostitution ... ...

National :COVID-19: BJP Yuva Morcha distributes Gamchas and soaps in Aligarh

BJP Yuva Morcha is distributing Gamchas and soaps among people as part of a campaign to raise awareness in the wake of the coronavirus pandemic. ...

National :IIT Mandi to disburse Rs 10 crore to startups

IIT Mandi Catalyst will now disburse over Rs 10 crore to startups over next five years, it was announced on Tuesday. ...