🌟 Program Overview
The Mastercard Foundation’s Fund for Alumni Start-ups in Transition (FAST) 2025 is a dynamic initiative aimed at empowering young entrepreneurs who have graduated from specific leadership programs. FAST provides financial support and structured mentorship to help alumni establish or expand their for-profit ventures, fostering economic growth and innovation across eligible regions.
🎯 Objectives
- Empower Alumni Entrepreneurs: Support graduates in launching or scaling sustainable businesses.
- Foster Economic Development: Stimulate job creation and economic activity in eligible countries.
- Enhance Entrepreneurial Skills: Provide mentorship and business advisory services to refine business strategies.
🧾 Eligibility Criteria
Applicants must meet the following requirements:
- Alumni Status: Must be graduates of one of the following programs:
- Mastercard Foundation Scholars Program
- African Leadership Academy (ALA)
- Anzisha Prize
- Young African Leaders Initiative (YALI)
- Business Type: Operate a for-profit business.
- Ownership: Majority-owned by eligible alumni.
- Age Limit: All owners/co-owners must be 34 years old or younger.
- Location: Business must be based in one of the eligible countries listed in the application form. Click here to see the List of Eligible countries.
💡 Program Benefits
- Financial Support: Access to funding to establish or grow your business.
- Mentorship: Guidance from experienced professionals to navigate business challenges.
- Business Advisory Services: Workshops and resources to enhance business operations.
- Networking Opportunities: Connect with a community of like-minded entrepreneurs and industry experts.
📝 Application Process
- Prepare Documentation: Gather necessary documents, including proof of alumni status and business registration.
- Complete Application: Fill out the online application form with accurate and detailed information.
- Submit Before Deadline: Ensure all materials are submitted by the specified deadline.
- Await Feedback: Successful applicants will be contacted for the next steps in the selection process.
📅 Application Deadline: April 27, 2025.
📎 Official Application Link
Embark on your entrepreneurial journey with the support of the FAST program and turn your business vision into reality.
