MasterCard Start Path Global, MasterCard’s worldwide program for early stage startups, is accepting applications for its next Start Path Global class until March 21.
The six-month virtual program will support companies according to their individual needs, provide access to over 60 MasterCard experts and global customers, and provide $12,000 in funding to each team. MasterCard has said that the program has seen success in Canada and is intensifying its search in the country; the program is currently working closely with Vancouver-based startup Control, a 2015 Start Path participant.
Control’s real-time payment analytics, customer intelligence, and fraud tools will be integrated into MasterCard’s Simplify Commerce platform, which helps small businesses set up electronic payment acceptance.
“Startups are actively experimenting with new solutions aimed at transforming the status quo across a wide variety of industries including financial services, retail, and healthcare,” said Stephane Wyper, global lead of MasterCard Start Path. “We can provide critical support through operational expertise and access to a steady pipeline of customers, channels and partners. In just two years, Start Path Global has a strong record of helping startups transform innovations into sustainable business propositions.”
Twenty companies will be invited to a pitch day in Toronto on May 11 and 12, with the final eight companies being selected by June 2016. To apply, check out MasterCard’s application form here.