The UAE MasterCard AI Startup Challenge 2024 gives you the opportunity to pitch your innovative AI solution for a chance to win $150,000 in prize money and global opportunities. Apply below.
When is the application deadline:
The deadline for applications for the UAE MasterCard AI Start-Up Challenge 2024 is August 5, 2024.
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Tell us about the UAE MasterCard AI Startup Challenge 2024.
The AI Challenge will provide seed and Series A startups with an opportunity to pitch innovative AI solutions in areas such as cybersecurity, fintech and productivity. The winner will receive a cash prize of $150,000, access to Mastercard’s global resources and priority entry into the Start Path program which helps startups grow through mentoring and global connections. This initiative will support the growth of AI in the UAE and provide a valuable opportunity for startups to scale their business in a supportive environment. The challenge will have four themes:
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Risk and Security: Using advanced AI technologies to help organizations better predict, assess and mitigate potential risks, increasing the accuracy, efficiency and effectiveness of risk management practices. Next Generation Banking and Finance: Leveraging cutting-edge technologies such as generative artificial intelligence, blockchain, Internet of Things (IoT) and advanced data analytics to deliver enhanced security, personalized experiences, efficient operations and innovative products that shape the future of banking and finance. Emerging Fintechs: Leveraging advanced technologies such as generative artificial intelligence, blockchain, machine learning and Internet of Things (IoT) to enhance the accessibility, efficiency and personalization of financial services, revolutionizing the financial industry. ESG Sustainability: Environmental, Social and Governance (ESG) and sustainability initiatives are becoming increasingly important in the banking and finance sector, driving significant changes in investment strategies, lending practices, risk management and corporate governance. Which sectors are you interested in?
AI Startups
type:
competition
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Who can apply for the UAE MasterCard AI Startup Challenge 2024?
Applicants must also meet the following eligibility criteria:
Seed and Series A startups. They must propose innovative AI-driven solutions. Focus areas include Cybersecurity, Generative AI in Banking & Finance, Customer Lifecycle Management, Productivity Enhancement, Emerging Fintech, ESG, etc. Which countries are you targeting?
All countries
Where will the awards be presented?
United Arab Emirates
How many prizes are there?
not specified
What are the prize benefits?
In addition, successful candidates will receive the following benefits:
A cash prize of US$150,000; Access to Mastercard’s global sponsorship, events and valuable assets; Early registration into Start Path, Mastercard’s global startup engagement program; Mentoring, innovation opportunities and engagement with Mastercard’s global network of banks, merchants, partners and digital players; Opportunities to scale their business through the Start Path program, which has supported over 400 startups across 54 countries.
How to apply:
To apply for this opportunity, please visit the official webpage below.
For more information, see the awards webpage
Mercy Awofiranye is a creative writer with over 5 years of experience. Currently, she specializes in creating content that will help students in the education sector. When she is not writing, she enjoys reading, cooking and learning new things.