GL Bajaj Secures ₹15 Lakh Funding Under MSME Idea Hackathon 4.0

Greater Noida, June 30, 2025: GL Bajaj Institute of Technology and Management, Greater Noida, proudly announces the selection of one of its innovative startup ideas under the Business Incubator (BI) scheme of the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India, as part of the prestigious MSME Idea Hackathon 4.0.

The selected idea, titled “Cube Sanchar – A Cost-Effective Satellite Network for Continuous Space Communication”, falls under the Frontier Technology domain and has been awarded funding of ₹15 lakh. This pioneering project aims to offer an affordable satellite-based communication system, contributing to advancements in space technology and supporting the digital transformation of remote and underserved regions.

Pankaj Agarwal, Vice Chairman of GL Bajaj Group, expressed his pride in this achievement and stated: “This idea has the potential to take the MSME Business Incubator at GL Bajaj to new heights. It reflects the spirit of innovation among young Indian entrepreneurs. The MSME Ministry’s support through such schemes is commendable and is playing a transformative role in empowering startups across the country.”

Prof. (Dr.) Preeti Bajaj, Director of GL Bajaj Institute of Technology and Management, added: “We are delighted to see our incubator becoming a hub for futuristic ideas. ‘Cube Sanchar’ is a testament to the innovative mindset we nurture here. We aim to create an ecosystem that not only supports technology development but also encourages sustainable impact at a national level. This selection is a proud moment for the institute and a motivation for many more aspiring innovators.”

This milestone reinforces GL Bajaj’s continued commitment to fostering entrepreneurship, research excellence, and industry-driven innovation.

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