Deadline: August 15, 2024.

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

ELIGIBILITY CRITERIA

1. Applicants should belong to the age group of 18 to 35 years (as on 1st July 2024)
2. Open for individuals, groups of individuals, organizations of profit or non-profit both across India.
3. Should be a resident of India.
4. The project must not be an established commercial venture.
5. Early-stage startups or NGOs with functioning prototype can participate.
6. 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.

BENEFITS

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

SELECTION CRITERIA

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

Find more information on the OFFICIAL LINK