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Schaeffler India Announces Winning Ideas For Social Innovator Fellowship Program

11 impactful ideas were shortlisted and awarded for further development and incubation

Industrial and automotive supplier, Schaeffler India today announced 11 winning ideas out of 150 shortlisted entries for its Social Innovator Fellowship Program. At an event held in Pune, 11 ideas were announced as winners, from over 150 entries that were shortlisted after 24 weeks of evaluation and jury process. The Social Innovator Fellowship Program was announced by Schaeffler India in the third quarter of 2021. Applications were invited in areas of education for the underprivileged, health & nutrition, renewable energy & environment, water conservation and waste management. Schaeffler partnered with Buddy4Study, India's largest scholarship platform that connects scholarship and education loan providers with seekers to facilitate the initiative.

The 1st winning idea received a monetary support of Rs 5,00,000 and the remaining 10 winning ideas received Rs 1,00,000 each. Further, all the 11 winners will undergo an eight-week hybrid mentorship at CIIE (Centre for Innovation Incubation and Entrepreneurship) IIM Ahmedabad, one of India’s top Business schools to help them further develop and scale their solutions. Additionally, Schaeffler India will collaborate with winners and provide them access to its network to further collaborate and create opportunities.

The jury comprised of Harsha Kadam – Managing Director and CEO, Schaeffler India; Santanu Ghoshal – Vice President HR and Head of Sustainability India and eminent social entrepreneur and Ramon Magsaysay award winner Anshu Gupta – Founder of Goonj.

Schaeffler India is actively pursuing its ESG strategy to drive holistic development and growth. A part of Schaeffler India's social development initiative, the program acts as a catalyst to identify and strengthen the capacity of young innovators who are working to transform the areas of education for the underprivileged, health & nutrition, renewable energy & environment, water conservation and waste management.

Selection process

The nomination process for the fellowship began in September last year. Schaeffler India received 557 applications from young innovators across the country. These nominations were subjected to a transparent and rigorous three-step selection process consisting of interviews and presentations to the jury panel and Schaeffler India leaders. In the primary check round, 167 candidates were shortlisted out of 557.

In the first round, the shortlisted candidates were judged on four different parameters i.e., - the age group, the current stage of their social venture, category of the idea and introductory deck/video pitch. In this round 42 candidates were shortlisted for the second round of selection.

The second round was conducted by trained Schaeffler employees from different locations in India and the candidates were judged on a holistic questionnaire and score card. After the 2nd round, 11 candidates were shortlisted for the third and final round.

In the final round, these 11 candidates presented their solution to an august jury panel, comprising of Schaeffler India leaders and a social entrepreneur.


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Schaeffler India Social Innovator Fellowship Program

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