Applications are open for the Mastercard Al StartUp Challenge 2024. MasterCard, the UAE Artificial Intelligence, Digital Economy and Remote Work Applications Office, and First Abu Dhabi Bank (FAB) are collaborating to empower the next generation of Al pioneers in the UAE with their first-ever Al challenge.
About Mastercard Al StartUp Challenge 2024
The challenge invites seed and Series A startups to propose innovative Al-driven solutions in the fields of cybersecurity, generative Al in banking and finance, customer lifecycle management, productivity enhancement, emerging fintech and ESG. The competition will culminate in a pitch day, where finalists will be assessed by a panel of experts from the three partners.
Themes
There are 4 different themes for this challenge:
- Risk and Security: Using advanced Al technologies to help organizations better predict, assess, and mitigate potential risks and enhance the accuracy, efficiency, and effectiveness of risk management practices.
- Next-gen Banking and Finance: Leveraging cutting-edge technologies like generative artificial intelligence, blockchain, the Internet of Things (loT), and advanced data analytics to offer enhanced security, personalized experiences, efficient operations, and innovative products shaping the future of banking and finance.
- Emerging fintech: Revolutionize the financial industry by leveraging advanced technologies such as generative artificial intelligence, blockchain, machine learning, and the Internet of Things (loT) by enhancing accessibility, efficiency, and personalization of financial services.
- ESG Sustainability: Environmental, Social, and Governance (ESG) and sustainability initiatives are increasingly important in the banking and financial domain driving significant changes in investment strategies, lending practices, risk management, and corporate governance.
Benefits of Mastercard Al StartUp Challenge 2024
- The winner will receive a cash prize of US$150,000, access to Mastercard's global sponsorships, events and priceless assets as well as an accelerated enrolment into its award-winning global startup engagement program Start Path.
Mastercard Al StartUp Challenge 2024 Requirments
- Entrants must be seed or series A startup, specializing in Al and champions in the fields of:
- Risk & Security.
- Next-Gen Banking & Finance.
- Emerging Fintech.
- ESG Sustainability.
Pitch Day
Finalists will be invited to a pitch day where ideas will be assessed by our panel of experts based on several criteria, including:
- Innovation & Novelty
- Market Potential
- Business Model & Rev Potential
- Product Fit
- Growth Strategy
- Impact on User / Society
- Presentation & Engagement
- Ethical Al / Data Privacy
- Team & Execution
- Financial Health
Application Date and Process
- Click on the link to the application website to apply.
Application Deadline
25 August, 2024
Scholarship Application Portal
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Mastercard Al StartUp Challenge 2024
Apply for Mastercard Al StartUp Challenge 2024
