University partners with Uber for entrepreneurship

Strategic collaboration to include investments in UMD’s Startup Shell to support student-generated innovation

innovation-UMDThe University of Maryland and Uber, a technology company connecting riders to drivers through its mobile app, recently announced a unique partnership to foster, support and advance student-driven innovations and technology.

The partnership will provide investment, including $25,000 in the Startup Shell, a student-run coworking space and incubator at the University of Maryland. Uber will award investor grants to student-created companies over the next two years and will engage students through a variety of unique business competitions.

Additionally, mentors will be made available to students throughout the year and an innovation council will be formed to crowdsource ideas from students, faculty, and staff, and to explore research and development opportunities, as well as transportation solutions. Uber plans to experiment with on demand services for students on campus as well.

(Next page: Details of the partnership)

Laura Ascione