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Mastercard Foundation/The Innovation Village Future of Work Accelerator Program 2020

Applications for the Mastercard Foundation/The Innovation Village Future of Work Accelerator Program 2020 are now open. The Accelerator program will support promising technology startups to increase workforce access, readiness and success.

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About Mastercard Foundation

The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. All people, no matter where their starting point in life, should have an equal chance to succeed. We believe that with access to education, financial services, and skills training, people can have that chance. Our focus is helping economically disadvantaged young people in Africa to find opportunities to move themselves, their families, and their communities out of poverty to a better life.... read more


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Mastercard Foundation/Innovation Village Future of Work Accelerator Program


Aim and Benefits of Mastercard Foundation/Innovation Village Future of Work Accelerator Program

  1. Pre- seed funding: Startups accepted into the program will be offered up to $ 25,000 in pre-seed funding.
  2. Mentors and Networks: Connections to impact investors, business leaders, social enterprises and strategic partners
  3. Free working space: As part of the program, you will be offered free working space at The Innovation Village.
  4. Peer Learning: Work alongside and learn from peer entrepreneurs around the Country
  5. Extensive one-on-one training: Startups will get intensive one-on-one business training from experienced serial entrepreneurs.
  6. Continued Support: Post-accelerator support with growth strategy, ecosystem connections through the CDA network, and peer advisory.

Requirements for Mastercard Foundation/Innovation Village Future of Work Accelerator Program Qualification

They are looking for promising startups that can develop solutions aligned to the following challenge theme areas:

  1. Track 1- Job creation and Opportunity matching
  2. Track 2- Leveraging technology to create jobs for all

Readiness and Traction

  1. The solution: Participating team should share a presentation of their proposed solution.
  2. The Startup: The startups should in operation for at least 1 year. This team should consist of at least 4 members with various skillsets, demonstrate added value and cohesiveness.
  3. Business Model: The startup should be have a good idea of the business model envisaged for the solution – with a good idea of the key resources needed to grow the solution, and how they intend to monetize it.
  4. Innovation: Ingenuity of the solution or improvement of existing technology-based process, Solution uniqueness.

Selection Criteria

  1. Relevance and impact
    1. How well does the solution respond to the challenge theme areas?
    2. Solution shows a good understanding of market and customer it is targeting
    3. Demonstrate a strong promise of building a sustainable and impactful business.
  2. Feasibility
    1. The solution should be practical and easily implementable thereby positively impacting the lives of the youth.

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Application Deadline

January 31, 2020


How to Apply

Interested and qualified? Go to Mastercard Foundation on docs.google.com to apply

For more details, visit Future of work accelerator



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