Applications are currently open for the 2024 Visa Everywhere Initiative Global Innovation Program. This initiative is an open innovation platform that supports startups in showcasing their innovative solutions globally. Since its inception in 2015 in the U.S., it has grown into a worldwide program, attracting nearly 15,000 startup applications. Many of these startups now collaborate with Visa or its partners.
We are particularly interested in fintech startups offering innovative payment and commerce solutions for consumers and businesses. This includes areas such as artificial intelligence, big data, cloud computing, digital identity, cybersecurity, alternative finance, loyalty programs, remittance, cross-border payments, online marketplaces, embedded finance, neobanking, digital wallets, lending, crypto, decentralized finance, blockchain, and more.
If your startup falls into any of these categories, we encourage you to apply and seize the opportunity to showcase your groundbreaking solutions on a global stage.
Type: Training
Deadline
The application deadline for the Visa Everywhere Initiative Global Innovation Program 2024 is ongoing. You can submit your application at any time.
Benefits of the Worldwide Visa Everywhere Initiative Global Innovation
During the global finals event at the TechCrunch Disrupt event in San Francisco on October 28th, two monetary prizes will be awarded:
- Overall Winner: $100,000 USD
- Audience Favorite: $20,000 USD (The overall winner also qualifies for the Audience Favorite prize)
Additionally, global finalists will have the opportunity to exhibit their companies at the TechCrunch Disrupt Pavilion hosted by Visa. This includes:
- A standing demo table or kiosk in the Expo Hall for all 3 days
- A 11” x 14” tabletop sign with the sponsor logo
- A Founder pass
- Access to complimentary partner wifi network and power
- Access to the Startup Exhibitor Lounge
- Access to the TechCrunch Disrupt press list
- Inclusion in the Disrupt mobile app
Eligibility Criteria of the Worldwide Visa Everywhere Initiative Global Innovation
To be eligible for the VEI Global Innovation 2024, applicants must meet the following criteria:
- Open to individuals, startups, and established companies worldwide.
- Solutions must be innovative and relevant to the fintech industry.
- Applicants should demonstrate a clear business model and potential for scalability.
- Must comply with Visa’s terms and conditions.
Application Process of the Worldwide Visa Everywhere Initiative Global Innovation
The application process may include:
- Check Eligibility: Make sure your solution aligns with Visa’s goals and requirements.
- Describe Your Solution: Highlight unique features, functionalities, and potential impact.
- Create a Business Plan: Outline market opportunity, revenue model, growth strategy, and financial projections.
- Showcase Your Team: Emphasize the expertise and qualifications of your team members.
- Ensure Compliance: Follow Visa’s terms, regulations, and legal requirements.
- Prepare Supporting Materials: Include prototypes, demos, testimonials, and market research data.
- Apply Online: Complete the application process on the official website [https://corporate.visa.com/en/visa-everywhere/everywhere-initiative/initiative.html].
Tips for Successful Application of Worldwide Visa Everywhere Initiative Global Innovation
To increase the chances of a successful application, consider the following tips:
- Clearly articulate the problem your solution addresses.
- Demonstrate a deep understanding of the fintech landscape.
- Showcase the uniqueness and scalability of your solution.
- Highlight any existing partnerships or collaborations.
- Prepare a compelling pitch and presentation.
In Conclusion
Navigating the Worldwide Visa Everywhere Initiative Global Innovation 2024 provides a chance to drive impactful change in fintech. This guide outlines key steps for success, whether you’re an entrepreneur, startup, or established company. Emphasis is placed on understanding eligibility, mastering applications, and leveraging networking. Let’s embrace innovation together to shape finance’s future, creating value for businesses and society.
FAQs:
Can I submit multiple solutions?
Yes, you can submit multiple unique solutions that meet eligibility criteria.
Is there a cost to participate?
No, participation in VEI Global Innovation 2024 is free.
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