Mastercard AI Challenge for Startups

Mastercard AI Challenge for Startups

The inaugural AI Challenge, launched by the UAE’s Artificial Intelligence Office, Mastercard. The AI Challenge invites seed and Series A startups to present innovative solutions in cybersecurity, generative AI in banking and finance, customer lifecycle management, and more. The winning startup will receive a substantial cash prize, access to Mastercard’s global resources, and fast-track enrollment into the prestigious Start Path program. This competition is a chance to contribute to the UAE’s thriving AI ecosystem, with the potential to make a significant impact in the field.

Brief Details

1. The inaugural AI Challenge, launched by the UAE’s Artificial Intelligence Office The AI Challenge invites seed and Series A startups to present innovative solutions in cybersecurity
2. The winning startup will receive a substantial cash prize, access to Mastercard’s global resources
3. This challenge aligns with the UAE’s strategic vision to lead in artificial intelligence
4. Final event: October 2024
5. Funding Type: Cash prize and resources
6. Organizer: Mastercard
7. Partners: UAE Artificial Intelligence Office and First Abu Dhabi Bank (FAB)
8. Eligible Countries: All
9. Eligible Gender: Male/Female
10. Target Group: Seed and Series A Startups
11. Focus Area: AI-driven solutions in cybersecurity, banking and finance, fintech, ESG, customer lifecycle management, productivity enhancement

Requirements

1. Stage Later-stage startup (Seed, Series A) with a completed product fit
2. Strategy Growth plan established with secured funding for 6-12 months
3. Pitch Deck Visual presentation summarizing the innovation, market opportunity, and business model
4. Business Proposal/Plan Detailed outline of the AI-driven solution

Benefits

1. Cash Prize: US$150,000
2. Access to Mastercard’s global sponsorships, events, and priceless assets.
3. Accelerated enrollment into the Mastercard Start Path program, offering mentoring, innovation opportunities, and connections with a worldwide network of banks, merchants, and partners
4. Exposure and networking opportunities with top AI and technology experts from UAE’s Artificial Intelligence Office, Mastercard, and FAB

How To Apply

1. Visit the official application link.
2. Submit by August 25, 2024

Apply Now