2024 Mastercard Foundation FAST Program For Africans
The Mastercard Foundation FAST Program is excited to announce the launch of the Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) program.
The Mastercard Foundation FAST program will support and empower the next generation of entrepreneurs by providing up to $15,000 in support for each venture.
Eligibility Criteria:
- own a business
- the (proposed or established) business must be…
- A for-profit business (Not-for-profit entities do not qualify for FAST)
- Majority owned by alumni of at least one of these four programs: Mastercard Foundation Scholars Program, African Leadership Academy (ALA), Anzisha Prize, Young African Leaders Initiative (YALI).
- Located in one of the qualifying countries (please check the Application Form for the full list of countries).
Benefits:
- Idea Phase: Up to $5,000 to help develop and refine initial ideas.
- Build Phase: $10,000 to $15,000 to transform the ideas into viable business models.
Participants will gain access to funding, business development training, and a supportive network of like-minded entrepreneurs and mentors.
Selection Procedure
- The length of the FAST program varies across implementing partners, but typically lasts between 3 to 6 months.
- The length of the program may also depend on the “stage” of your business as determined by the implementing partner (e.g. “idea,” “build”).
- You are expected to attend the required activities throughout the duration of the program to successfully complete the FAST program.
How to Apply?
Deadline: September 15, 2024
