MasterCard is searching for European startups, including Israeli ones for its third Start Path accelerator scheduled to open this year. The accelerator is designed to develop and commercialize innovative solutions for payment relations between consumers and businesses.
Five Israeli startups have taken part in in the program since it was launched in 2013, out of a total of over 60 participants. Participants receive support, mentoring, and investments. Applications will be accepted until March 21, 2016. Eight companies will receive an offer to join the program, which will begin in June 2016, following a preparatory week.
Start Path president Stephane Wyper said, "We're looking for startups concentrating on the development of new solutions that will upset the status quo in a variety of sectors, including financial, retail, and health services. Because of our operational expertise and access to a broad range of customers, distribution channels, and potential partners, we can provide them with critical support. In just two years, we at Start Path have assembled an impressive record of aid to startups in turning their innovative ideas into proposals with real business value."
Published by Globes [online], Israel business news - www.globes-online.com - on March 8, 2016
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