24 November 2015

MasterCard and Silicon Valley Bank launch incubator programme for commerce startups

12 February 2014  |  7858 views  |  0 buy and sell button

MasterCard and Silicon Valley Bank have joined forces to launch an incubator programme designed to help early-stage commerce firms navigate their way to series a funding.

The Commerce.Innovated programme is inviting applications from US-based firms "innovating in the commerce ecosystem" that have already secured seed funding and have a live or planned beta in place and a first customer locked in.

The six successful applicants will take part in a three-month programme between April and July, during which they will work with experts to set out a strategy and roadmap to get getting series a funding.

A mentor will work with each firm as a dedicated subject matter expert helping, through onsite and virtual meetings, with one core area of the startups' choosing, such as stress testing or customer acquisition strategy.

At the end of the programme the participants will take part in a graduation day where they will present their execution plan for getting to series a.

As part of the deal MasterCard and SVB will have the right, but not commitment, to invest in the firms and say that they may introduce them to other potential investors.

Interested startups have until 21 February to apply.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

06 February, 2014
24 January, 2014
14 January, 2014
13 December, 2013
14 August, 2013
09 August, 2013
19 July, 2013
01 October, 2012
02 May, 2012
13 July, 2011

Related company news


Top topics

Most viewed Most shared
Regulation biggest threat to fintech growt...
9664 views comments | 53 tweets | 27 linkedin
MIT to run fintech degree course
8432 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7614 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7600 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7410 views comments | 27 tweets | 30 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job