The world’s most valuable startup, Uber is in many ways an idol for startups around the world when it comes to effectively executing a brilliant idea. Since India has emerged as one of the most promising destination for startups, many of them can learn a thing or two from Uber and that’s precisely the idea behind Uber Exchange- a Start-up Mentorship Program by Uber.
Uber Exchange is first of its kind mentorship program being run by the company, aimed towards mentoring new startups and entrepreneurs who are solving problems of Urban India.
The program is being organized under a partnership with Invest India which is a joint venture between FICCI, DIPP (Department of Industrial policy and Promotion, Ministry of Commerce & Industry) and State Governments of India.
Under the program which was officially launched in early January this year, world’s most valued tech startup will host a series of six leadership talks by senior Uber executives, including those from its headquarters in San Francisco.
These sessions will focus on different challenges that entrepreneurs face while running their own company. So, one session may be focussed on the various aspects of fundraising while the other on product design.
Uber was one of the first startups in the world and we are planning to help other startups with mentorship in the form of talks where startups are invited to present their case studies and unique problems. The startups that get selected will help to solve problems of scale,
says Akshay BD, who handles government relations at Uber.
Uber will interact with around 50 startups in these sessions. At the end of the program, it will select 10 startups and invite them to San Francisco where they will get an opportunity to meet global investors, fellow entrepreneurs and the team at Uber.
Speaking on the partnership and Uber Exchange, Uber CEO Travis Kalanick said:
Today more and more people aspire to be entrepreneurs and build something themselves. It’s why Prime Minister Modi’s start-up India initiative is so important–and why we’re excited to share our experience with hundreds of startups and entrepreneurs as they begin their journey.
In one such session which was recently organized at IIT Delhi, Uber’s Chief Technical Officer Thuan Pham said,
This is a progressive move by the ministry to boost India’s economy and offer a variety of new work and flexible opportunities that go beyond traditional employment.
He further added that the US upstart wanted to share its learnings with Indian startup ecosystem which he believed to become one of the fastest growing innovation hubs in the world.