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Schaeffler India Social Innovator Fellowship Program 2023

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About the Program

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The Schaeffler India Social Innovator Fellowship Program is an initiative of Schaeffler India to recognize and reward individuals who are developing unique sustainable solutions that have the potential to positively impact society at scale. Under this fellowship program, a total of 10 individuals between the age of 18 to 35 years will be provided with fellowship grants worth INR 10 Lakh along with exclusive mentorship and networking opportunities at CIIE.CO at IIM, Ahmedabad. 

Schaeffler India deals in high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications. 

With a profound commitment to sustainability, the company upholds it as a vital element of its corporate strategy and one of its cherished corporate values. By nurturing entrepreneurship and inspiring innovative solutions, the program aspires to foster a positive impact, contributing towards a future that is sustainable, equitable, and inclusive.
 

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  • Schaeffler India Social Innovator Fellowship Program 2023
    Deadline18-Sep-2023
    Eligibility
    • Applicants should belong to the age group of 18 to 35 years (as on 1st September 2023) 
    • Should be a resident of India
    • Open for individuals, groups of individuals, organizations of profit or non-profit both across India

    Important Note

    • Early-stage start-ups or NGOs with functioning prototype can participate
    • 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 like Robotics / Drone in Social Sector
    • 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
      • Should be a prototype 
    • The project MUST NOT be an established commercial venture
    • A participant also needs to submit the entries describing their work in the form of idea pitch deck and a video that can be uploaded on the website
    Benefits:
    • Each of the 10 winning projects will be granted an award of INR 1 Lakh.
    • A 24-week hybrid mentorship opportunity at the prestigious CIIE.CO, IIM Ahmedabad, to help the winners further develop and scale their solutions.
    • Access to Schaeffler India’s network & partners.
    • Entry to a fellow community of peers.
       
    Documents
    • An idea pitch deck in PDF format with size less than 4 MB
    • A video (90-120 seconds) describing the ideas/projects
    • Aadhaar Card
    • Passport size photograph
       
    How can you apply?

    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 onto the ‘Application Form Page’.
      • If not registered on Buddy4Study - Register at Buddy4Study with your Email/Mobile/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 the required details in the online application form.
    • Upload relevant documents, an idea pitch deck and a video describing the ideas/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.
       
Contact

In case of any queries, please reach out to:

011-430-92248 (Ext- 132) (Monday to Friday - 10:00AM to 06:00 PM (IST))schaeffler@buddy4study.com

Frequently Asked Questions
  • What is the selection process for this fellowship program?

    A multi-stage selection process will determine the winners of the Social Innovator Fellowship Program 2023. The selection stages are mentioned below:

    • 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
      • Should be a prototype 
    • Telephonic interview and document verification 
    • A virtual interview round with the Schaeffler India team 
    • A project pitch presentation to Jury panel & leaders (organized by Schaeffler India team) and final interview
       
  • How many fellowships are awarded under this fellowship program?

    A total of 10 fellows will be selected for this fellowship program, who will receive a grant of INR 1 Lakh each with exclusive benefits that include mentorship opportunities at CIIE.CO, IIM Ahmedabad and access to Schaeffler India’s network & partners.

  • When will I get the fellowship amount?

    Following selection, the fellows will be required to participate in a 24-week mentorship program at the CIIE.CO, IIM Ahmedabad. Upon successful completion of the program, they will be awarded the fellowship amount. 

  • Why should I apply for this fellowship program?

    The Schaeffler India Social Innovator Fellowship Program sets itself apart by harmoniously blending financial support with the potential for significant social impact. 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
Disclaimer

1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.

2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.

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