The Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) Program
Empowering the next generation of entrepreneurs
Status
active
Period
Ongoing
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 second application drive for the Mastercard Foundation Fund for Alumni Start-ups in Transition (FAST) program.
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.
The program, open to aspiring entrepreneurs or those in the early stages of their entrepreneurship journey, offers a unique opportunity for alumni from the Young African Leaders Initiative (YALI), African Leadership Academy (ALA), Anzisha Prize, and the Mastercard Foundation Scholars Program.
Participants will gain access to funding, business development training, and a supportive network of like-minded entrepreneurs and mentors.
The Mastercard Foundation FAST program will provide support in two key stages to assist entrepreneurs at different points in their journey:
Providing support in two key stages
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Idea Phase: Up to $5,000 to help develop and refine initial ideas.
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Build Phase: $10,000 to $15,000 to transform the ideas into viable business models.
The 2025 cohort has been selected. Stay tuned for details on the 2026 intake.
Learn more about Education and Transitions
Facilitating young people’s pathways from education to dignified and fulfilling work and entrepreneurship.
