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Applications closed March 11, 2024; winners announced October 28, 2024. The stored deadline is null but the program cycle is fully completed.
Strive EU Innovation Fund is sponsored by Mastercard. This fund seeks digital solutions that address small businesses' cybersecurity challenges, including risk assessment and cyber risk mitigation. While it is an EU fund, it highlights corporate interest in this area and may have similar programs in the US in the future.
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2024 EU Innovation Fund | Innovation Fund | Mastercard Strive Seeking innovative B2B solutions specifically designed or tailored for European small businesses with fewer than 10 employees. Innovative solutions for European small businesses This fund invites proposals for digital and data-first solutions that support small businesses in the European Union to: Unlock working capital and credit through embedded finance .
Go digital safely by bolstering cybersecurity . Navigate evolving consumer preferences and regulatory expectations around environmental sustainability . Harness AI to save time and make more money.
Successful applicants will receive up to €500,000 to validate and develop their solutions over 12 to 18 months. Applications for €250,000 and above will require a minimum of 10% match funding. Program eligibility Proposed projects must: Align with at least one of the four focus themes: embedded finance , cybersecurity , environmental sustainability , and AI .
Target small businesses (with fewer than 10 employees) as customers or end users. Leverage digital and data-first solutions. Be implemented in at least one EU market.
Be at least in the Product Definition stage and ready to demonstrate a more mature phase has been achieved by the end of the project. Must not focus on capacity building, such as training or mentorship. Organization eligibility Applicants: Can be startups, established companies, nonprofits, or social enterprises of all sizes.
Cannot be government entities or academic institutions. Must be registered and operating in at least one of the 27 EU member states . Can apply as a consortium with other organizations, provided that the main applicant is registered and operating in at least one of the 27 EU member states.
Due diligence Applicants must: Comply with EU and US sanctions, laws, and regulations, including data and privacy regulations. Be registered and operational, demonstrating at least 1 year of legal and ethical operations and commendable performance. Be compliant with all applicable laws, including adhering to fundamental human rights and all international and EU labor standards.
Be fully compliant with business licensing, taxation, employee, and other regulations in all countries of operation. Be financially healthy with adequate reporting systems. Have no involvement in unethical activities such as arms production or tobacco.
Comply with the terms and conditions of funding.
Mastercard Strive and Mastercard expertise Access to select Mastercard Start Path resources Mentorship from best-in-class experts relevant to their innovation Opportunities for exposure and publicity in collaboration with Mastercard and Mastericard Strive The program aims to accelerate digital, data-driven innovations that help European small businesses grow, become more resilient, and operate more efficiently.
What impact could be achieved if the project is successful? Is the solution trialing something truly new or innovative? Additional consideration will be given to proposals addressing inequality based on gender, race, class, disability, and/or ethnicity.
2. Applicability & transferability Does the project have the potential to scale beyond the grant period or catalyze capital from alternative sources following the end of the grant? Can other organizations benefit from the learnings and insights generated by this project?
Can the solution or insights be applied, adapted, or transferred broadly? 3. Feasibility & sustainability Does the project plan seem suitable for reaching the desired outcomes?
Does the requested budget seem reasonable for the project proposed? Where applicable, does the match funding demonstrate buy-in and confidence from the applicant and investor community? Does the project center on an idea that has financial viability beyond the life of the grant?
Would the innovative solution, insights, and/or body of evidence be realized without this funding? Would the project be implemented in an improved way with this grant? Is the funding inspiring something truly innovative by de-risking it for the awardee?
2024-01-23T17:00:00. 000Z ― 2024-10-28T16:00:00. 000Z Shortlisted applicants submit mini proposals Finalist applicants pitch Winners notified (Extended to July 08, 2024) 2023 Global Innovation Fund Seeking innovative solutions that support small businesses’ growth in the areas of Environmental Sustainability and Data for Market Access.
Award grants to organizations that are testing new products and services that improve the financial health of small businesses with high potential for impact and scale.
According to the current listing, eligibility includes: Businesses developing digital solutions for small business cybersecurity challenges. (Note: This specific fund is for EU businesses and the deadline has passed, but similar initiatives may exist). Confirm the full requirements in the official notice before applying.
The current listing shows up to €500,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Strive EU Innovation Fund is funded by Mastercard. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
Past winners and funding trends for this program
Critical Minerals and Materials Innovation is sponsored by U.S. Department of Energy (DOE). This is a Phase II opportunity that supports eligible technologies building on prior DOE-supported research related to critical minerals and materials. Projects should focus on prototype development, technical validation, market entry, and commercialization, potentially involving rare earth recovery and AI process control.
Small Business Innovation Research (SBIR) program, Phase I is sponsored by Administration for Community Living (ACL) NIDILRR. The purpose of the Federal SBIR program is to stimulate technological innovation in the private sector, strengthen the role of small business in meeting Federal research or research and development (R/R&D) needs, and improve the return on investment from Federally-funded research for economic and social benefits to the nation. The specific purpose of ACL's SBIR program is to improve the lives of people with disabilities through R/R&D products generated by small businesses, and to increase the commercial application of ACL-supported research results and development products.