Empowering Young Entrepreneurs: The Mastercard Foundation FAST Program
PRIME WISE SCHOLARSHIP
Are you a young entrepreneur with a vision to make a difference? The Mastercard Foundation’s Fund for Alumni Start-ups in Transition (FAST) Program is designed to support and empower the next generation of changemakers. If you’re an alumnus of the Mastercard Foundation Scholars Program, Young African Leaders Initiative (YALI), African Leadership Academy (ALA), or the Anzisha Prize, this opportunity is tailored for you.
What is the FAST Program?
The FAST Program is an initiative by the Mastercard Foundation, in collaboration with partners like CCHub Nigeria, MDF Global, Concree, Scale Up, Savannah Innovations Lab, the Center for Enterprising Organizations, Inkomoko, and the Africa Leadership Academy (ALA). The program aims to provide financial support, mentorship, and business development training to young entrepreneurs in the early stages of their ventures.
Funding Opportunities
The program offers support in two key stages:
- Idea Phase: Receive up to $5,000 to develop and refine your initial business concept.
- Build Phase: Access between $10,000 and $15,000 to transform your idea into a viable business model.
This funding is designed to help you navigate the challenges of starting a business, from ideation to execution.
Additional Support
Beyond financial assistance, the FAST Program provides:
- Business Development Training: Equip yourself with the skills needed to run a successful enterprise.
- Mentorship: Gain insights and guidance from experienced entrepreneurs and industry experts.
- Networking Opportunities: Connect with like-minded individuals and organizations to expand your reach and impact.
Application Details
- Application Period: Opens on April 3, 2025.
- Deadline: Submit your application by April 27, 2025.
To apply, visit the official application page: FAST Program Application
Why Apply?
Starting a business is a journey filled with challenges and learning experiences. The FAST Program is here to support you every step of the way, providing the resources and guidance needed to turn your vision into reality. If you’re ready to take your entrepreneurial aspirations to the next level, don’t miss this opportunity.