Schaeffler India Social Innovator Fellowship Program 2024 : schaefflerindia-socialinnovators.com
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Organization : Schaeffler India
Scholarship Name : Schaeffler India Social Innovator Fellowship Program 2024
Applicable For : Resident of India
Last Date of Scholarship : 15th August 2024
Website : http://schaefflerindia-socialinnovators.com/
What is Schaeffler India Social Innovator Fellowship?
Schaeffler India Social Innovator Fellowship Program 2024 is sponsored by Schaeffler India. Applicants Should be a resident of India. Applicants belonging to the age group of 18 to 35 years. The Fellowship will be provided with grants worth INR 15 Lakh along with exclusive mentorship and networking opportunities at IIMA Ventures, IIM Ahmedabad. Last Date of Fellowship is 15th August 2024.
Why Participate in Schaeffler India Social Innovator Fellowship?
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 of Schaeffler India Social Innovator Fellowship
** 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
Important Note :
** Early-stage startups or NGOs with functioning prototype can participate
** 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.
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
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 for Schaeffler India Social Innovator Fellowship?
Eligible candidates can apply for the program through the following steps:
** Click the ‘Apply Now’ button below.
** Login to Buddy4Study with your registered ID and land on the ‘Application Form Page’.
** If you are not registered on Buddy4Study, register at Buddy4Study with your email, mobile, or Gmail account.
** You will now be redirected to the Schaeffler India Social Innovator Fellowship Program page.
** Read the details carefully and click on ‘Apply Now’ to start the application.
** Fill in the required details in the online application form.
** Upload relevant documents, an idea pitch deck, and a video describing the ideas or project, and answer the questions that have been asked.
** Accept the ‘Terms and Conditions’ and click on ‘Preview’.
** Cross-check application details in ‘preview mode’ and click on the ‘Submit’ button to complete the application process.
Awards of Schaeffler India Social Innovator Fellowship
** 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
Selection Process of Schaeffler India Social Innovator Fellowship
A multi-stage selection process will determine the winners of Social Innovator Fellowship Program 2024.
The selection stages are mentioned below:
i. All eligible applications will be reviewed and scored basis the criteria
ii. Telephonic interview and document verification
iii. A virtual interview round with the Schaeffler India team
iv. A project pitch presentation to Jury panel & leaders (organized by Schaeffler India team) and final interview
What are the Important Dates of Schaeffler Social Innovator Fellowship?
The Important Dates of Schaeffler India Social Innovator Fellowship Program 2024 are
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)