Bangalore, Delhi, Mumbai Get Listed in Global Startup Ecosystem Report 2021

New Delhi, 23 September 2021 – Bangalore and Delhi have been ranked in the Global Startup Ecosystem Report 2021 under the โ€˜Top 30 + Runners Up Categoryโ€™. While Bangalore rose up to three spots to rank 23 on the worldโ€™s most favourable startup ecosystems, Delhi held on to its 36th position.ย 

At the same time, Mumbai, once again, held the number 1 position in the โ€˜Top 100 Emerging Ecosystemsโ€™, outperforming all others in factors like performance, funding, market reach, and talent & experience.ย 

Top 100 Emerging Ecosystems

Global Startup Ecosystem Report 2021 โ€“ Other India-Specific Details

  1. While Mumbai took the first position in the โ€˜Top 100 Emerging Ecosystemsโ€™ list, Chennai, Pune, and Hyderabad shared the #61-70 rank.ย 
  2. As per the report, Indian startups raised a total of USD 12.1 billion in the first half of 2021. This represents Indiaโ€™s rapid growth as a global hub for tech and innovation.ย 

Note: India has produced 24 unicorns in 2021 (as of August 2021), including 6 in just four days in April. Home to more than 400 global research and development centres, Karnataka has emerged as the worldโ€™s 4th largest technology and innovation cluster in the world.ย 

Schaeffler India Social Innovator Fellowship Program 2021 โ€“ A Promising Initiative for Early-Stage Startupโ€™s and NGOโ€™s

India is the third largest startup ecosystem in the world after the USA and China. With the startup ecosystem booming, Schaeffler India has launched the โ€˜Schaeffler India Social Innovator Fellowship Program 2021โ€™ with an intention to โ€˜recognise and reward individuals who are developing unique solutions that have the potential to positively impact society at scaleโ€™.ย 

Under this program, 11 talented individuals between the age of 18 to 30 years will be provided with fellowship grants worth INR 15 lakh.ย ย ย 

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Schaeffler India Social Innovator Fellowship Program 2021 – Eligibility

The applicant must –ย 

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  • belong to the age group of 18 to 30 years (as on 1st September 2021)ย 
  • should be a resident of India

Doโ€™s and Donโ€™ts –ย 

  • Early-stage start-ups or NGOs with functioning prototype can participate.
  • The entries must not just be a concept, idea or mock-up, it needs to fulfil the 3 requirements mentioned below:
    • Must be solving a social challenge
    • Must carry a sustainability angleย 
    • Should have scaling possibilities ย 
  • The projectย MUST NOTย be an established commercial venture
  • Participants also need to submit the entries describing their work in the form of video that can be uploaded on the website
  • The project must be related to any of the below categories:ย 
    • Transforming Education for the underprivileged
    • Health & Nutrition
    • Renewable Energy and Environment
    • Water Conservation
    • Waste Management

Schaeffler India Social Innovator Fellowship Program 2021 – Documents Requiredย 

  • A video (90-120 seconds) describing the ideas/projects
  • An idea pitch deck in PDF format with size less than 4 MB (optional)
  • Aadhaar Card
  • Passport size photograph

Schaeffler India Social Innovator Fellowship Program 2021 – Benefitsย 

  • As many as 11 projects will be awarded with a total grant of INR 15 Lakh.
    • INR 5 Lakh grant for 1 winner
    • INR 1 Lakh grant each for 10 awardees
  • An opportunity for residential mentorship at a premium college/institution to help the winners to further develop and scale their solutions.
  • Access to Schaeffler India network & partners
  • Entry into a fellow community of peers

Schaeffler India Social Innovator Fellowship Program 2021 โ€“ Application Deadline

15-October-2021*

*Subject to change on fellowship providerโ€™s discretion

TO APPLY AND READ OTHER DETAILS ON SCHAEFFLER INDIA SOCIAL INNOVATOR FELLOWSHIP PROGRAM 2021, CLICK HERE

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