Thursday, 23 Nov 2017

Uber support for startups of Vietnamese youth

Updated at Wednesday, 15 Mar 2017, 09:56
The Hanoitimes - A ceremony to sign a cooperation deal between ride-hailing firm Uber and the Vietnam Youth Federation (VYF) to help start-ups was held in Hanoi on March 14. The agreement is part of Uber’s start-up initiative in Vietnam called UberExchange.
At the signing ceremony.
At the signing ceremony.
Vietnam is the second country in the world and the first in Southeast Asia that Uber introduced the UberExchange programme. The first country Uber launched the initiative in was India.
The UberExchange programme is part of Uber’s mission to create a startup ecosystem with the Vietnam Youth Federation.  
All start-ups nationwide are encouraged to apply for the programme through an online application process and global leaders at Uber will provide mentorship sessions from April to August 2017 with selected start-ups.
The sessions will culminate in a finale with Uber short-listing 10 start-ups who will present their business ideas. The startup with the most impressive presentation will be flown to San Francisco to meet Uber’s senior leadership and potential investors.
Speaking at ceremony, Deputy Minister of Planning and Investment Dang Huy Dong said Vietnam has a large number of young people who have passion, creativity, and good IT background.
The deputy minister noted that startups will be one of the drivers of economic development and the State has adopted many policies and created a legal framework for the building of a startup ecosystem.
At the signing ceremony, Uber regional general manager for Asia-Pacific Mike Brown said that the Uber’s goal is to stand side by side with the Vietnamese entrepreneurs on the way to start their new business, assisting them open their minds and develop strategies for entrepreneurship, contributing to making Vietnam become a regional start-up hub.
He noted that Uber wants to help the young people to achieve their dreams. The way that people measure Uber's success on this programme is by the number of young startups that the firm can help and support, Brown said.
President of the VVYF Nguyen Phi Long expressed his hope that UberExchange programme will be an effective platform for Vietnamese youths and businesses to learn and share experiences, build a culture of entrepreneurship with practicality and creativity, encourage creative thinking, which acts as a springboard for a strong and sustainable development of Vietnam in the coming time.
Translated by Thu Minh
Source: Ha
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