+ Who is behind the Lighthouse Development Program?
Mastercard and NFT Ventures sponsor two Lighthouse sessions each year. These two companies bring in partner banks and advisors to increase the value of the program to startups.
+ Why create the Lighthouse Development Program?
Mastercard built its business success on a base of strong technology and strong partnerships. The Lighthouse Program is one of the ways that Mastercard scouts new technology for itself and its partners. If Mastercard can help its bank partners adopt new technology and stay relevant, then all parties win. Similarly, NFT is looking to strengthen the Northern European fintech ecosystem while scouting companies for potential investments.
+ When can I apply?
Applications are open from June 6th until August 12th, 2019.
+ What geographies can participate?
Startups that operate within the Nordics and Baltics or are looking to enter those markets. Autumn 2019 workshops will take place in Stockholm, Helsinki and Riga with more locations coming in 2020.
+ What stage of a company are you looking for?
We are looking for companies with established proof of concept and market fit. We give priority to startups with paying customers or revenue-generating users.
+ How do I apply?
Fill out our short application here.
+ What happens after I submit an application?
The Lighthouse team will review your submission and announce finalists by August 20.
+ How long is the program?
Lighthouse runs from August to November and consists of three in-person workshops with continuous, remote support. Most companies will dedicate four total days of in-person participation over the five months of the program. Three finalists companies will be invited to a two day, all expenses paid experience Slush, and the program winner will receive an all expense paid trip to Mastercard's StartPath Pitch Day in New York.
+ What happens after the program?
By participating in Lighthouse you become part of our alumni network, which remains active through ongoing communication and meetups.
+ Does the program have a winner?
Yes, the fitech that makes the biggest partnership strides will be determined the overall winner. Past winners typically sign commercial agreements with multiple Lighthose program members: Mastercard, Tier 1 banks and other fintechs.
+ Do you take equity?
No, Lighthouse is completely free of charge to the participating companies. While NFT Ventures and other professional investors attend the workshops, fintechs are never obligated to accept funding or dilute their equity position.