MasterCard and Silicon Valley Bank are inviting startups from across North America to apply for a position in the Commerce.Innovated . class, which is designed to help commerce-focused startups grow their business. In the four-month Commerce.Innovated. program, participating startups receive access to industry expertise across the commerce space from selected MasterCard and Silicon Valley Bank executives and partners. Early-stage startups thinking about applying should meet the following criteria:
- Focused on an innovative commerce solution;
- Assembled a strong, small core team;
- Activated a beta of their solution, that projects to generate revenue in the next 6 months;
- Secured or raising seed funding, with plans to raise Series A;
“Our aim is to increase our client’s probability of success, help them navigate their growth, and connect with potential partners to achieve their ambitious goals. This program is a perfect example of that and we’re looking forward to meeting the new applicants,” said Reetika Grewal, head of Silicon Valley Bank’s payments strategy.Companies do not need to be current clients of Silicon Valley Bank to apply for the program. Commerce.Innovated. is part of MasterCard Start Path, the company’s commitment to help accelerate startups toward long-term success. For more information about MasterCard Start Path, visit www.startpath.com. About MasterCard MasterCard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews , join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau. About Silicon Valley Bank Banking the world's most innovative companies and exclusive wineries, SVB's diverse financial services, knowledge, global network, and world class service to increase our clients' probability of success. With more than $29 billion in assets and more than 1,700 employees, we provide commercial, international and private banking through our locations around the world. Forbes Magazine ranks us among America's Best Banks and Fortune named SVB one of the best places to work. (Nasdaq:SIVB) www.svb.com. Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System.