Applications are open for the Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) Program, an initiative designed to support young entrepreneurs who are building early-stage ventures.
The program provides funding, mentorship, and enterprise development support to help founders refine ideas and move toward sustainable businesses.
The FAST Program is implemented by the Mastercard Foundation in partnership with organizations such as CCHub Nigeria, MDF Global, Concree, Scale Up, Savannah Innovations Lab, the Center for Enterprising Organizations, Inkomoko, and the Africa Leadership Academy.
Through these partnerships, participants receive structured guidance and access to a network of experienced mentors and fellow founders.
Selected entrepreneurs receive financial and capacity support based on the stage of their venture. Funding is available up to $15,000 per business, along with advisory services and training.Support is delivered through two stages:
Participants also gain access to business development workshops, mentorship, and a network of entrepreneurs and advisors who can guide them through key stages of venture development.
The FAST Program targets entrepreneurs who are alumni of the following leadership and scholarship initiatives:
Applicants should be founders or co-founders of a for-profit venture that is either at the idea stage or in its early phase of development. Proof of alumni status is required during the application process.
The program encourages participation from women, refugees and displaced persons, and people living with disabilities as part of its commitment to inclusive entrepreneurship.
Interested applicants must complete the FAST online application form and submit supporting documents, including proof of alumni status and details about their business idea or venture. Shortlisted candidates may be invited for interviews or pitch sessions before final selection.
The application deadline for the Mastercard Foundation Fund is Friday, March 20, 2026