Continuing commitment to societal advancement and impact through HOPE

 Continuing commitment to societal advancement and impact through HOPE


Schaeffler India Honors 'Social Innovator Fellowship Program' Winners for Sustainability and Innovation


Chennai | Schaeffler India, a leading motion technology company in partnership with ‘Buddy4Study Foundation’ has announced the winners of its 2024 edition of the ‘Schaeffler India Social Innovator Fellowship Program’. The initiative aims to recognise and reward social entrepreneurs developing unique sustainable solutions that have the potential to positively impact and benefit society at large. It is also part of Schaeffler India’s flagship Corporate Social Responsibility (CSR) initiative HOPE, reinforcing its commitment to Healthcare, Occupational skill development, Preservation of Heritage & Environment and Empowerment of society. 

Marking its third edition, this year’s fellowship program invited applicants between the ages of 18 – 35 across different institutions including IITs, IIMs, NITs, non-profit organizations, and early-stage startups, to pitch their ideas and prototype solution across six key categories. These include Environmental Sustainability, Renewable Energy, Carbon Neutrality, Circular Economy, Natural Resource Management, and Application of Technology in the Social Sector.

Eligible participants included individuals or groups who undergo a rigorous screening process, which encompasses stringent evaluations and multiple rounds of live video prototype demonstrations.

The top 10 exceptional projects were awarded a fellowship grant of Rs. 1.5 lakh, each. Additionally, winners were conferred with a 24-week hybrid mentorship at IIMA Ventures formerly (IIMA-CIIE), a startup incubator founded by the Indian Institute of Management, Ahmedabad. Winners also gain the opportunity to connect and benefit from Schaeffler India's network of industry partners, and fellow innovators in the program.

Since its enrolment opened in July 2024, the program has received over 276 registrations from over 25 states, including the Northeast, West Bengal, Jammu & Kashmir, and more, with 78 shortlisted applicants for assessment.

Harsha Kadam, MD and CEO of Schaeffler India emphasized the company’s focus on motion technology as a driver for positive change and stated, “At Schaeffler India, we are dedicated to advancing motion to foster a sustainable, efficient, and resilient world. The remarkable response to this year’s Social Innovator Fellowship Program highlights the potential of India’s youth to be agents of transformative change. Sustainability and innovation are inherently linked, and through this initiative, we are committed to nurturing young innovators who will help shape the future of India, where both people and the planet can thrive.”

The Social Innovator Fellowship Program embodies Schaeffler India’s commitment to integrating sustainability and innovation as a catalyst for tackling social challenges and fostering impactful community development. By supporting innovation that addresses sustainability challenges, the company is not only advancing its technological leadership but also contributing to India’s broader environmental and social goals.

The award ceremony was graced by Mr Munish Bhatia, Co-Founder, India Accelerator & CEO, Bharat Ventures, and Mr Praveen Bhadada, CXO Advisor and Mentor along with the Leadership Team of Schaeffler India.

Schaeffler India’s dedication to social innovation extends beyond this program. Through its CSR initiative, HOPE, the company consistently explores new ways to empower communities. The company is also actively involved in initiatives aligned with its sustainability goals, including promoting STEM education in underserved communities, supporting Water Conservation, Agroforestry & Climate Resilient Agriculture, and investing in projects that contribute to Community Health. These initiatives reflect Schaeffler’s broader vision of integrating motion technology with sustainable practices to drive progress and societal well-being. 








Caption: The winners of the Schaeffler Social Innovator Fellowship Program 2024

Photo(s): Schaeffler India







Schaeffler Group – We pioneer motion

The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle. Schaeffler describes its comprehensive range of products and services in the mobility ecosystem by means of eight product families: From bearing solutions and all types of linear guidance systems through to repair and monitoring services. Schaeffler is with around 120,000 employees and more than 250 locations in 55 countries, one of the world’s largest family-owned companies and one of Germany’s most innovative companies.

Schaeffler India Limited

Schaeffler India brings a 75-year global legacy of innovation in motion technology to the Indian market, offering precision engineering solutions. As a trusted partner for making motion more efficient, intelligent, and sustainable – over the entire life cycle, Schaeffler offers innovative technologies, products, and solutions for electric mobility, CO₂-efficient drives, chassis solutions and renewable energies. With four manufacturing plants in India (Pune, Savli, Maneja, and Hosur), three R&D centers, eight sales offices, and a strong industrial and automotive aftermarket network, Schaeffler India ensures nationwide accessibility of products and solutions to its customers.

With renowned product brands and a comprehensive range of products and services in the mobility ecosystem by means of eight motion families: from bearing solutions and linear guidance systems through to repair and monitoring services, Schaeffler is committed to partnering with its customers across segments for their engineering and motion technology needs. With its presence in India for over 60 years and with a dedicated workforce of over 3,000 employees Schaeffler is a leading motion technology company in India.






Contact

Pallavi Deshmukh                                                                                      

Head of Communications Schaeffler India Ltd

  +91  7030267497

  deshmpll@schaeffler.com




Anshul Dubey

Chase-India Ltd

  +91  75064 45368

  anshul@chase-india.com







                    







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