Company plans to accelerate up to 8 startups in Dublin as part of the first intake;
applications accepted through May 16
6 May 2014 – For startup companies, success is a journey that requires collaboration and innovation. Today, MasterCard is launching MasterCard Start Path, a commitment to help accelerate startups toward long-term success by offering customized support, operational mentorship and the potential to secure pilots with key global players.
In Europe, MasterCard is launching a commerce-focused accelerator for innovative early stage European startups with direct involvement from leading partners including ASOS and Capital One, amongst others.
Start Path, a new programme for MasterCard, operates by putting the startup first. The Start Path team will work closely with each startup to understand their goals and vision in order to develop a tailored approach. Through the programme, MasterCard will help the startups get on their way to:
- Securing a pilot with a flagship customer
- Overcoming key operational challenges
- Refining their technology solution
- And on track to raise Series A funding
“Start Path is another great way that MasterCard is showing continued commitment to innovation,” said Stephane Wyper, Start Path Global Lead at MasterCard. “The future of commerce will be shaped both by traditional players and by startups that are already experimenting with the next generation of solutions. We are giving these startups direct access to our extensive knowledge and experience, to help them uncover new ideas, and ultimately create better experiences for consumers, merchants and other partners.”
Startups can apply for the opportunity to participate in this accelerator program until May 16 via the online platform www.startpath.com/accelerator/. MasterCard will select up to 8 companies in the commerce ecosystem from across Europe to participate in the 12-month hybrid onsite and virtual program that will launch in late July.
For more information about MasterCard Start Path’s application process and program, visit www.startpath.com
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
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