Applications Invited for Schaeffler India Social Innovator Fellowship Program

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About the Organization

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 CO₂-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.

About the Fellowship

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.

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

Awards -

• 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

Eligibility

• 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

Participants also need to submit entries describing their work in the form of an idea pitch deck and a video that can be uploaded on the website.

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

How to Apply

• Register here
• 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

For more information please check the Link

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Tags Entrepreneurship Environment and Sustainability Innovations and Technology Others