Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) Program 2025 For Africans

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The Mastercard Foundation FAST program offers up to $15,000 in funding to empower Africa’s next generation of entrepreneurs. Apply Below:

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When is the Application Deadline:

The application deadline for the Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) Program 2025 For Africans is Sunday, 15th September.

Tell Me About The Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) Program:

The Mastercard Foundation, in partnership with CCHub Nigeria, MDF Global, Concree, Scale-up, Savannah Innovations Lab, the Center for Enterprising Organizations, Inkomoko, and the Africa Leadership Academy (ALA), is excited to announce the launch of the Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) program. Also, the Mastercard Foundation FAST program will support and empower the next generation of entrepreneurs by providing up to $15,000 in support for each venture.

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Which Fields are Eligible?

Entrepreneurs

Type:

Grant

Who can Apply For The Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) Program?

Also, the Mastercard Foundation FAST program is open to aspiring entrepreneurs or those in the early stages of their entrepreneurial journey. Eligible participants must be alumni from the Young African Leaders Initiative (YALI), African Leadership Academy (ALA), Anzisha Prize, or the Mastercard Foundation Scholars Program. These individuals should be ready to innovate and build impactful ventures within Africa.

Which Countries Are Eligible?

African countries

Where will the Award be Taken?

Africa

How Many Awards?

Not specified

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What is the Benefit of the Award?

Additionally, participants in the Mastercard Foundation FAST program will receive comprehensive support designed to empower the next generation of entrepreneurs. Each selected venture can receive up to $15,000 in funding. The program is structured into two key stages:

Idea Phase: Entrepreneurs can receive up to $5,000 to help develop and refine their initial ideas.
Build Phase: Between $10,000 to $15,000 is available to transform these ideas into viable business models.

In addition to financial support, participants will gain access to business development training and join a supportive network of like-minded entrepreneurs and mentors, fostering an environment of growth and collaboration

How to Apply:

To apply for this opportunity, visit the official webpage below.

Visit the Award Webpage for Details

Author

Mercy Awofiranye

Mercy Awofiranye is a writer, storyteller, and study abroad counselor who has spent nearly a decade turning complex information into engaging and helpful content. With over 1,000 education-focused articles and scholarship posts online, she has built a reputation for making study abroad opportunities clearer and more accessible. She currently works as a study abroad counselor at EdXtra, leveraging her expertise to guide students through their academic journeys. She holds certifications in the United States Counselor Course from ABCC and Ethical Business Practice in International Student Recruitment from TrainHub, reinforcing her commitment to ethical and informed student advising. Beyond writing and counseling, Mercy enjoys reading, cooking, and exploring new ideas because for her, learning never stops.