Social Impact Innovation Scheme
In today's rapidly evolving world, innovation is key to solving some of the most pressing social challenges. Whether it's healthcare, environmental issues, or education, social impact-driven innovations have the power to transform communities and improve lives.
The M3M Foundation's Social Impact Innovation Scheme 2025 is designed to empower young innovators and entrepreneurs working on ideas and ventures aimed at addressing these challenges.
This blog provides a detailed guide on the Social Impact Innovation Scheme — covering its eligibility, benefits, application process, and more. If you are an entrepreneur or early-stage startup working on impactful solutions, this scheme can provide the support you need to take your ideas to the next level.
What is the Social Impact Innovation Scheme?
The Social Impact Innovation Scheme is an initiative launched by the M3M Foundation to support early-stage startups and individual innovators working towards solving societal challenges in key sectors like green energy, waste management, healthcare, and education.
The scheme's goal is to help these ventures with grants, mentorship, incubation support, and networking opportunities to ensure that innovative solutions for social challenges get the attention, funding, and expertise they need to scale and make a real impact.
Key Objectives:
- •Support innovation in sectors that address key societal issues.
- •Foster growth of early-stage startups through financial support, mentorship, and networking.
- •Promote sustainable development in sectors such as energy, water, health, and environment.
- •Encourage youth-driven solutions to tackle global challenges like climate change, healthcare disparities, and educational inequality.
Focus Areas of the Scheme
Greenhouse Gas Emission Reduction
Innovations reducing emissions in transportation, energy, and manufacturing
Energy Storage Solutions
Sustainable and scalable storage solutions for renewable energy
Green & Sustainable Mobility
Innovations in EVs, sustainable transportation, and public mobility
Waste to Energy
Solutions converting waste into usable energy
Air Pollution
Technological solutions to reduce air pollution
Water Security
Water conservation, treatment, and distribution innovations
Sustainable Energy
Clean energy technologies including solar, wind, and renewables
Deep-Tech (AI/ML)
AI and Machine Learning solutions for social problems
Key Objectives
Support Innovation
Support innovation in sectors that address key societal issues
Foster Growth
Foster growth of early-stage startups through financial support and mentorship
Promote Sustainability
Promote sustainable development in energy, water, health, and environment
Encourage Solutions
Encourage youth-driven solutions to tackle global challenges
Benefits of the Scheme
Grants up to ₹5 Lakhs
Access funding and follow-on funding opportunities to accelerate your social impact innovation.
Expert Mentorship
Expert mentorship from leaders in the social impact and entrepreneurship space.
Incubation Support
Access to workspace, networking, and capacity-building workshops through incubators.
Networking Opportunities
Connect with investors, mentors, and government stakeholders for growth.
Visibility & Publicity
Publicity for your venture and opportunities to pitch to investors and government bodies.
Scale Your Impact
Comprehensive support to help your social innovation reach more communities.
Ready to turn your social impact innovation into reality? Apply for the Social Impact Innovation Scheme today and gain access to funding, mentorship, and incubation support!
Eligibility Criteria
Individual Applicants
- ✓Must be Indian citizens aged 18–35 years
- ✓Project Leader must be the primary applicant
Start-ups
- ✓Registered as a company with minimum 51% Indian ownership
- ✓Must have a social impact-driven idea
Incubation Requirement
- ✓Applicants must be incubated in an approved incubation facility
Documents Required
| Document | Details |
|---|---|
| Proof of Indian Citizenship | PAN Card and Aadhar Card or other proof of identity |
| Project Proposal | Detailed proposal outlining venture, objectives, milestones, and social impact |
| Proof of Incorporation | Business incorporation documents (for startups) |
| Incubation Proof | Certificate proving incubation in an approved facility |
| IP Documentation | Patents, trademarks, or other intellectual property documents |
| Financial Statements | Financial statements showcasing business viability (if applicable) |
How to Apply
Prepare Your Documents
Gather all required documents including citizenship proof, project proposal, and incubation certificate.
Submit Your Application
Submit your application through the official portal with all required documents and project details.
Review & Shortlisting
Your application will be reviewed by the selection committee. Shortlisted candidates will be notified.
Interview/Presentation
Present your project to the evaluation panel and demonstrate the potential impact of your innovation.
Final Selection & Funding
Upon selection, receive your funding and incubation support to begin scaling your social impact venture.
Important Dates & Timeline
Application Opening: Check the official portal for the latest announcements
Application Deadline: Announced annually on the official portal
Application Basis: Rolling basis with periodic deadlines
FAQs – Social Impact Innovation Scheme
Why Apply for the Scheme?
The Social Impact Innovation Scheme provides the financial support, mentorship, and networking opportunities required to turn innovative solutions into sustainable ventures.
Whether you are working on green energy, healthcare solutions, or sustainable textiles, this scheme offers everything you need to scale your project and make a real difference in society.