GGSIPU Signs Equity-Based Agreement With Agomuc Program
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GGSIPU, having been accredited to A++ grades by NAAC, celebrated this important milestone among the initiatives made to encourage innovativeness and entrepreneurship as on January 16, 2025, where the Agomuc Program partnered with it with an equity-based incubation deal. This program, which executed the agreement by Atal Incubation Center at the campus, marks commitment of GGSIPU on how it continues to work further on solving current societal problems via technological advancement.
Agomuc, led by Jas Sharma and Dinesh Sharma, is a path-breaking initiative intended to address complex crime patterns from urbanization and socio-economic disparity. The programme intends to make a predictive model through AI, advanced analytics, and social insights for public safety and safer communities. This endeavour resonates well with the larger vision of GGSIPU for supporting innovative startups that focus on solving real-world problems using technology.
It epitomizes the university’s strategic thrust at the interface with entrepreneurship in equity participation, mentoring, and incubation services. Vice Chancellor GGSIPU, Prof. (Dr.) Mahesh Verma said the university remains committed to entrepreneurship skills building, encouraging innovation. The VC declared setting up a whopping Rs 5 crore Incubation Fund that will aid startups on startup formation, mentoring, seed funding, pre-incubation, incubation projects, and prototype development. The funds will also spur collaborations with the industry partners, as well as the establishment of next-generation facilities for technology in order to form a robust innovation ecosystem.
As part of this vibrant celebration on National Startup Day 2025, the announcement was made on January 16. The enthusiastic participation of the faculty, students, and incubators was the hallmark of this event. Organized in collaboration with the Innovation Cell of the Ministry of Education and the All India Council for Technical Education (AICTE), the celebration featured a live screening of Udyamotsav 2025. This national event was telecast simultaneously at 13 other locations in India, bringing to the fore the entrepreneurial energy that defines the country’s innovation landscape.
At Udyamotsav 2025, Prof. T. G. Sitharam, Chairman, AICTE, launched several major initiatives, such as the National Pitching Round and the Faculty Development Programme, with the objective of building entrepreneurial capacity and innovation in the academic ecosystem. The program underscored the need for collaboration between academia, industry, and government to create a thriving startup culture in India.
One of the key highlights of the event was the release of the IIC 6.0 Annual Performance (Star Rating) of Institutions’ Innovation Councils (IICs). This performance assessment serves as a benchmark for innovation and entrepreneurship efforts across educational institutions, showcasing their contributions to India’s innovation ecosystem. The live broadcast also brought attention to the exceptional efforts of students, faculty, and startups in advancing India’s position as a global innovation hub.
Speaking on the occasion, Prof. Verma felt proud to share that the university is a catalyst of innovation and entrepreneurship, and now with this Rs 5 crore fund, the growth of startups would be accelerated by providing critical support in areas such as prototype development and industry collaboration. He further emphasized that the Institution’s Innovation Council (IIC), the Atal Incubation Centre (AIC), and the IPU-Innovation Incubation Foundation (IIF) will collaborate to ensure effective utilization of the fund.
The equity-based agreement with Agomuc exemplifies the university’s commitment to harnessing technology for societal good. By addressing public safety concerns through AI and data-driven insights, Agomuc represents a promising step toward solving some of the most pressing challenges faced by urban communities today. GGSIPU’s partnership with the program not only provides crucial support for its development but also strengthens the university’s reputation as a hub for innovation and social impact.
Celebrations of National Startup Day at GGSIPU are indeed a testament to the university being on the right track with respect to the national agenda of incubating a culture of startups and innovation. In attendance were the faculty, students, and industry leaders at the event, underlining the role the university plays in being a catalyst between academia and the entrepreneurial ecosystem. With all the strategic initiatives, robust infrastructure, and committed funding, GGSIPU will become a top institution for driving innovation and entrepreneurship in India.
As the nation celebrated its entrepreneurial spirit on National Startup Day, GGSIPU reiterated its commitment to creating an environment that allows ideas to flourish and allows startups to grow. Initiatives like the Agomuc partnership and the Rs 5 crore Incubation Fund are not only fostering innovation but also making meaningful contributions to society. Such efforts are the hallmark of the transformative potential of academia when combined with a clear vision and a commitment to excellence.