Business mentoring is to support and encourage people to progress in their businesses and help mentees realise their potential.
There are many different ideas about the role of a mentor and the UCL Advances mentoring scheme is designed to be flexible to suit each match of a mentor with a business. We do not give an exact definition of what we expect from the relationship between a business and mentor other than that we don’t expect you to work for your mentee but to guide and advise them with any issues they may be facing.
We do not pay our mentors and neither will the company. Mentors are expected to provide 12 hours of business support; however we do encourage you to carry on the mentoring after the 12 hours are complete if both you and the mentee are deriving value from the relationship.
Once the 12 hours is completed, you will have more flexibility to negotiate new arrangements with the mentee (taking on equity, investing, becoming an official advisor to the company etc) though if you have any intentions/hopes in this way, you will be asked to disclose them from the very beginning. There is no obligation on either party during the relationship to commit to anything that is out of one’s comfort zone. If you are interested in becoming a mentor please email email@example.com