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Apply For 2022 Visa Everywhere Initiative Global Competition for Innovative Startups

Visa Everywhere Initiative is an open innovation program that helps startups like yours unlock new opportunities—and gives you a global platform to demonstrate your ground-breaking solutions.

Continue reading to find the detailed process of application for Apply For 2022 Visa Everywhere Initiative Global Competition for Innovative Startups. Find more information about here.

Program Summary

Category Awards & Prizes, Competitions
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The program first launched in the U.S. in 2015 and quickly expanded into a global program. To date, nearly 8,500 startups have participated, and have collectively raised more than $16 billion in funding.

The first step towards getting your startup worldwide attention is to join the Visa Everywhere Initiative network—the same network of startups that our product teams from all over the world access when searching for solutions.

Details:

We are looking for products that deliver innovative payment and commerce solutions to consumers and businesses. These include but are not limited to:

Enablers of digital services and digital issuers

  • Blockchain and cryptocurrency
  • Crowdfunding
  • Banking as a service
  • BIN sponsorsIssuer / processors
  • Program managers

Digital issuance

  • Blockchain and cryptocurrency
  • Alternative lending
  • Personal financial management
  • Money transfer and remittance
  • Digital banking (aka neobanks)
  • Digital wallets, P2P, and transfers
  • Employee benefits
  • Payables
  • Corporate cards (aka expense management)

Value-add for merchants and/or consumers in regard to finance

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  • Data and analytics
  • ID, authentication, and security
  • InsurTech
  • Loyalty
  • Merchant services and tools
  • Process and pay infrastructure
  • Retail technology

Small/medium-sized business

  • Money movement (disbursements, intra-account, P2P vendor, payments)
  • Acceptance (e-commerce, mobile acceptance)
  • Risk management (chargebacks, etc.)
  • Brand management (community building, etc.)

Scholarship Requirements:

Visa will select the top 5 regional finalists in each region listed below. Next, each region will select a winner that will move forward to the global finals event.

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • CEMEA [Central Europe, Middle East, Africa] – For this region’s five finalists, one spot is reserved for an Egyptian startup and one spot is reserved for a Saudi Arabian startup.

Scholarship Duration and Reward

Five monetary prizes will be awarded during the global finals event:

  1. Overall Winner: $100,000 USD
  2. Audience Favorite: $20,000 USD
  3. Visa Direct: $20,000 USD
  4. 2nd Place: $20,000 USD
  5. 3rd Place: $10,000 USD

The overall winner, 2nd place winner, and 3rd place winner are all eligible to win the Audience Favorite prize.

Prior to the global finals, the following local and regional prizes will also be awarded:

Egypt:

  • Overall winner: EGP 500K (estimated value in USD: $32,000)
  • 2nd place: EGP 350K (estimated value in USD: $22,000)
  • 3rd place: EGP 250K (estimated value in USD: $16,000

Saudi Arabia:

  • Overall winner: SAR 200K (estimated value in USD: $54,000)
  • 2nd place: SAR 150K (estimated value in USD: $40,000)
  • 3rd place: SAR 100K (estimated value in USD: $27,000)
  • Audience Favorite winner: SAR 50K (estimated value in USD: $13,000)

North America

  • Overall winner: $10,000 USD
  • Audience Favorite winner: $10,000 USD
  • Visa Direct winner: $10,000 USD

CEMEA:

  • Overall winner: $25,000
  • Audience Favorite winner: $10,000
  • Visa Direct winner: $10,000

LAC: $30,000 USD

  • Overall winner: $10,000 USD
  • Audience Favorite winner: $10,000 USD
  • Visa Direct winner: $10,000 USD

Schedule

CEMEA:

Egypt

  • Applications close:  June 14, 2022
  • Winner notified (no finals event): July 8, 2022

Europe:

  • Applications close: June 14, 2022
  • Winner notified (no finals event): July 8, 2022

Global Finals:

  • Event: November 2022 (specific date TBD)

How To Apply

Visa will select the top 5 regional finalists in each region listed below. Next, each region will select a winner that will move forward to the global finals event.

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • CEMEA [Central Europe, Middle East, Africa] – For this region’s five finalists, one spot is reserved for an Egyptian startup and one spot is reserved for a Saudi Arabian startup.

The Application Deadline is Varies (March – June)

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Before you apply, these are for you:

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