MasterCard has launched Start Path Global – a six-month mentorship/ partnership and capacity building Programme for start-ups. The Start Path Global programme will allow innovators and young entrepreneurs to gain access to over 60 MasterCard experts and benefit from the opportunity to pilot their innovations or ideas with MasterCard or MasterCard customers around the world.
Start Path global has promised to connect startups with the right partners in a quest to build the future of commerce together as Mastercard targets wider range of startups. During the programme, startups will not be needed to relocate or give up equity to be part of the accelerator. In the same breathe, the company will allow ownership for any intellectual property.
With this international expansion, startups from around the world and especially Africa, will also benefit from access to Start Path Partners, a group of more than 20 leading companies in banking, retail, and technology including Samsung Card, Target, Bank of Montreal, and Santander Innoventures.
How to Apply to Start Path Global:
Each quarter, MasterCard Start Path will recruit a new class of startups to embark on the six-month virtual programme. The call for applications to join the next class is open until September 18, 2015. To enter, visit: www.startpath.com. The programme is open to all non-US based startups who meet the following criteria:
Solution live in market;
Established and experienced team;
Targeting sizeable market opportunity in the retail and financial technology space;
Demonstrable unfair advantage over competitors;
Seed or Series A investment recently secured.
Up to 18 promising startups will be invited to pitch their commerce solution to the MasterCard Start Path team in London on October 27 and 28, 2015. From there, a final list of six to eight companies will be chosen for the upcoming global class which will begin in early November. Members of the next class will also be invited to attend the first Start Path Global Partner Summit to be held in Berlin on November 16 and 17, where they’ll have the chance to engage with prospective Start Path Partners and industry thought leaders.