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UberExchange via T-Hub – Uber signs MoU with T-Hub

UberEXCHANGE

UberEXCHANGE is a global mentorship Programme. Mentoring has its own ways. Uber, the world’s largest taxi aggregator has found one such unique way of it own.

Uber, on Tuesday, September 20, 2016 signed up a MoU (Memorandum of Understanding) with T-Hub as a part of its global mentorship programme – uberEXCHANGE. T-Hub or Telangana Hub is India’s largest incubator for startups, located in Hyderabad, Telangana. The first phase of T-Hub was launched on November 05, 2015. T-Hub is a public/private partnership between the Telangana Government, three of India’s leading academic institutes (IIIT-H, ISB & National Academy of Legal Studies and Research) and the private sector. T-Hub listed as a community space for start-ups, investors, incubators and accelerators in India. It is designed for technology-related start-ups, and its mission is to catalyze the creation of one of the tightest and most vibrant entrepreneur communities in the world. People at T-Hub aim to encourage and fuel more start-up success stories in India.

The hub plans to incubate 1,000 start-ups by 2020. It is expected to generate annual employment of 3,000 by 2017 and 10,000 by 2020. Being an incubator, it is a place which is made available at low rent to new small businesses with support staff and equipment.

Uber an American online transportation network company. It is headquartered in San Francisco, California. As mentioned earlier, Uber is world’s largest taxi aggregator. As of August 2016, the service was available in over 66 countries and 507 cities worldwide.

Uber announced a new partnership–UberEXCHANGE–with Invest India to provide mentorship for Indian entrepreneurs. This public-private initiative enables students, entrepreneurs and industry leaders to learn from each other. It helps to create a culture that celebrates risks taking and views failure as an opportunity to learn. As part of this programme, global leaders at Uber will be conducting six separate mentorship sessions with selected Indian start-ups across different categories over the year. Basically it is a startup mentorship programme.

According to Amitabh Kant, Secretory DIPP, “This unique mentorship program will be immensely valuable to Indian entrepreneurs and I am excited about the exchange of knowledge and ideas between the startup cultures in India and the Silicon Valley. This is just one step towards stronger ties with the international startup community, and the possibilities are limitless.

The programme addresses issues that entrepreneurs face, like fund-raising, product design, engineering and how to scale up a business.

UberEXCHANGE has added feather to its cap, by signing a MoU with T-Hub on September 20. As a part of this MoU, T-Hub will be swaying its prowess to shortlist 20 startups for UberEXCHANGE programme. It will invite start-ups to apply for the programme through an online application process and will encourage participation and representation from start-ups across the country. At the end of the programme, the top 10 start-ups will travel to San Francisco, where they will be introduced to global investors, fellow entrepreneurs and the team at Uber.

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