Silicon Valley Bank and MasterCard (NYSE: MA) are inviting startups from across the United States to apply for Commerce.Innovated.
Launched in 2014, Commerce.Innovated. is a a four month virtual program designed to help companies that are working in payments, fintech and commerce grow their businesses. It offers resources to refine and scale their solutions through access to operational and industry expertise from Silicon Valley Bank, MasterCard and their respective networks.
The program has already worked with 15 commerce-focused startups to date, including Apruve, AppZen, CardFlight, Dash, Footmarks, Gone!, Nowsta, PayByGroup, Penny Owl, Local Maven, SnapUp, SpendLabs, Standard Treasury, Splitwise, and Slide.
It will begin in November and is open to early-stage companies meeting the following criteria:
– Creating a solution that is making commerce easier, safer or better for consumers or businesses;
– Have a focused core team;
– Secured or raising seed funding; and
– Have a working product
Applications for the next class can be submitted online at www.commerceinnovated.com through October 11. Companies do not need to be current clients of Silicon Valley Bank or MasterCard to apply.