Indian Institute of Technology (IIT) Mandi announced at its flagship event, Himalayan Startup Trek (HST), that it will disburse ₹10 crore to startups in the next 5 years through its Catalyst programme. The HST event, which was held this month, saw applications from over 270 teams, of which IIT Mandi Catalyst picked 25 innovative ideas to join the incubation programme.