Deadline: 15-Aug-2024
The Schaeffler is seeking applications for its India Social Innovator Fellowship Program to recognize and reward individuals who are developing unique sustainable solutions that have the potential to positively impact society.
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.