Apply for Schaeffler India Social Innovator Fellowship Program 2024

Why participate in Schaeffler India Social Innovator Fellowship Program 2024?

• 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 Information 

• 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

Eligible Projects 

• The project must be related to any of the following categories:
  • Environment Sustainability
  • Renewable Energy
  • Carbon Neutrality
  • Circular Economy
  • Natural Resource Management
  • Application of Technology in Social Sector

Eligibility Criteria

• Applicants should belong to the age group of 18 to 35 years (as on 1st July 2024).
• Open for individuals, groups of individuals, organizations of profit or non-profit both across India
• Should be a resident of India.
• The project must not be an established commercial venture.
• Early-stage startups or NGOs with functioning prototype can participate.
• 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

For more information, visit Schaeffler.