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About Opportunity

The Schaeffler India Social Innovator Fellowship Program is a future-forward initiative of Schaeffler India to recognize and reward individuals who are developing unique sustainable solutions that have the potential to positively impact society.

The Schaeffler India Social Innovator Fellowship Program distinguishes itself through its seamless integration of financial support with the capacity for substantial societal change. This program carries the following distinct aspects:

  • Encouraging social entrepreneurship
  • Become investor ready
  • Embracing risks and experimentation
  • Amplifying impact through networks
  • Catalyzing systemic change
  • Bridging financial gaps
  • Flexibility and adaptability

Award

 

  • Each of the 10 winning projects will be granted an award of INR 1.5 Lakh.
  • A 24-week hybrid mentorship opportunity at the prestigious IIMA Ventures, IIM Ahmedabad, to help the winners further develop and scale their solutions.
  • Access to Schaeffler India network & partners.
  • Entry to a fellow community of peers.

 

Knowledge Skills and Abilities Required

An entry must not just be a concept, idea, or mock-up and needs to fulfill the following six requirements:

  • Clear target market or audience
  • Addressing clear need, problem, or opportunity
  • Potential to scale and positively impact people
  • Economical and sustainable
  • Commercial viability
  • Prototype

Other Details

A multi-stage selection process will determine the winners of Social Innovator Fellowship Program 2024. The selection stages are mentioned below:

All eligible applications will be reviewed and scored basis the following criteria:

  • Clear target market or audience
  • Addressing clear need, problem, or opportunity
  • Potential to scale and positively impact people
  • Economical and sustainable
  • Commercial viability
  • Prototype

 


Other Information/Terms & Condition

 

  • Important Dates (Timeline of Activities)
  • Online application opening date: July 15, 2024
  • Last date of submission of online applications: August 15, 2024
  • Fellow selection process: September 15, 2024 (Tentative)
  • Fellow announcement and induction to online/residential mentoring program at partner institution: October 2024 (Tentative)

 

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  • Tenure:

  • Organisation Type India



Thematic Area

How to apply

 

  • Fill in personal details and answer the questions asked
  • Submit an idea pitch deck and video (90-120 seconds) describing the ideas/projects
  • Last date of submission of online applications: August 15, 2024

 

Schaeffler

A world constantly evolving needs an evolutionary technology. Schaeffler is actively engaged in innovating and shaping the global pace of change. With innovative technologies, products, and services for CO?-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable.

  • Date of posting: 2024-08-05

  • Deadline: 2024-08-15

  • Contact Phone :