EDITIONS
Stories

Nirmala Sitharaman launches UberPitch to reach out to budding entrepreneurs of tier-II cities

Press Trust of India
7th Oct 2016
Add to
Shares
29
Comments
Share This
Add to
Shares
29
Comments
Share

Commerce and Industry Minister Nirmala Sitharaman recently launched cab aggregator Uber's challenge -- UberPITCH -- in a bid to reach out to the budding entrepreneurs of tier-II cities. The challenge was launched under the Uber Exchange programme for 28 cities across India, with a focus on tier-II cities.

nirmala-sitharaman-pti.jpg.image.975.568

Shortlisted entrepreneurs will get to pitch their business ideas to investors and venture capitalists during a specially organised Uber ride. With just the push of a button on Uber's app, startups would get a chance of getting advice from top investors in the ecosystem.

UberPITCH finalists will feature among the top 10 startups that will be flown to Silicon Valley to meet the leadership team at Uber as well as exchange notes with big ticket investors. Speaking at the occasion, Sitharaman said the government is committed to extending support to startups.


Also readUber official meets Nirmala Sitharaman in Bengaluru to discuss issues


UberPITCH is a collaborative project that encourages innovation within local startup communities to provide entrepreneurs with the resources they need to accelerate the growth of their ventures. Spread across 21 countries, the user will be given 15 minutes to pitch and get feedback on the idea with the VC. The Uber app opens up between 12 and 4, and if your request is connected, a car will arrive with a VC.


Also readAfter exiting from China, Uber makes its first strategic move in India, now lets you book cabs without the app


Shortlisted entrepreneurs will get to pitch business ideas to investors and venture capitalists during a specially organised Uber ride. Selected entrepreneurs will get seven minutes to pitch ideas and another seven minutes of feedback.

We are highly supportive of public-private initiatives that strengthen the startup space with mentor-led knowledge sharing and enable entrepreneurs to realise potential, said the commerce minister.
Report an issue
Add to
Shares
29
Comments
Share This
Add to
Shares
29
Comments
Share
Authors

Related Tags