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Uber to support local startups

Released at: 11:11, 16/03/2017

Uber to support local startups

Photo: Hoang Thu

Selected startups will be provided with mentoring from global and regional leaders at Uber from April to August, with the best heading to the US for further support.

by Thu Hoang

Ride-hailing provider Uber kicked off a startup initiative in Vietnam called UberExchange on March 14.

It also entered into a cooperative arrangement with the Vietnam Youth Federation (VYF) to support young Vietnamese in startups, as part of creating a startup ecosystem in the country.

“I thought a lot about what it takes to create a country of entrepreneurs and a country of startups, which your Prime Minister said recently is a priority,” said Mr. Mike Brown, Regional Manager for Uber in Asia-Pacific. “My answer to that question is creating a community where people are not afraid to fail. I couldn’t be more excited and more committed to helping young people and not-so-young people build new enterprises to make society better.”

All startups nationwide are encouraged to apply to the program through an online application process. Selected startups will be provided with mentoring sessions from global and regional leaders at Uber from April to August.

The mentoring sessions will focus on sharing experiences on specific matters, such as how to build up products, how to expand the business scale in the most efficient manner, how to take advantage of technologies, and how to implement the most effective marketing programs, among others.

The sessions culminate in a finale, with a short-listing of ten startups, who would present their business ideas.

The startup with the best presentation will be sent to San Francisco to meet Uber’s senior leadership and potential investors in Silicon Valley.

Vietnam is the second country and the first in Southeast Asia where Uber has launched the UberExchange program. The first was India. 

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