Under the Startup India Seed Fund Scheme (SISFS), GLA University in Mathura has taken a significant step towards fostering innovation and entrepreneurship. The university’s incubation center, SPARKL, has signed investment agreements with five promising startups, allocating a total of ₹2 crore to support their growth.
Featured Startups:
- Umax Auto Spare (OPC) Private Limited:
- Focus: Manufacturing of auto spare parts.
- Founder: Umesh Kumar.
- Objective: Utilize the funds to scale the business.
- Founder’s Note: Umesh Kumar highlighted the impact of the Startup India Seed Fund Scheme, emphasizing how it enables entrepreneurs from smaller towns to access significant funding through incubators.
- NewGen Food Tech Private Limited:
- Focus: Production of momos and fast food.
- Unique Selling Point: Known for its distinctive and delicious food offerings.
- Sarasan Health Care Private Limited:
- Focus: Manufacturing Ayurvedic products aimed at boosting the immune system.
- Founder: Deepti Tripathi.
- Objective: Leverage the seed fund and incubation support to achieve greater success.
- Buzzar Innovation Private Limited:
- Focus: Provides smart store selection, distribution-as-a-service, and retail analytics for brands.
- Founder: Sahil Kapoor.
- Alcomotive India Private Limited:
- Focus: Innovations in machine automation.
- Founder: Ashish Kulshrestha.
Support from GLA University:
- Chancellor’s Assurance: Mr. Narayan Das Agrawal, Chancellor of GLA University, assured additional financial assistance to startups as needed, alongside the SISFS funding.
- Leadership Encouragement: CEO Neeraj Agrawal and CFO Vivek Agrawal expressed their support, encouraging the startups to aim for new heights with the university’s backing.
Incubation Center’s Role:
- Objective: Promote innovation and entrepreneurship by providing necessary resources and guidance to startups.
- Leadership Insight: Pro Vice-Chancellor Anup Gupta emphasized the university’s commitment to fostering a bright future for these startups, while Incubation Head Ravikumar Tiwari and Manager Abhishek Gautam highlighted the importance of mentorship and support in ensuring their success.
This initiative reflects GLA University’s dedication to nurturing the startup ecosystem, providing a robust platform for entrepreneurs to grow and succeed.
