Overview

Applications are open for the Mastercard Foundation FAST Fund for Alumni Start-ups in Transition (FAST), a program designed to support businesses led by alumni of key leadership and entrepreneurship initiatives across Africa. The FAST program helps founders navigate the transition from idea to growth phase by offering financial support, coaching, and advisory assistance.

Eligibility

Must own a for-profit business (nonprofits are not eligible).
Must be majority-owned by alumni from at least one of the following programs: Mastercard Foundation Scholars Program, African Leadership Academy (ALA), Anzisha Prize, or Young African Leaders Initiative (YALI).
Must reside in or operate a business in one of the qualifying countries listed in the application form.
Must be able to participate in coaching and activities in an approved program language.
Must provide documentation confirming alumni status (e.g., student ID for Scholars Program, FAST Verification Letter for ALA, YALI, or Anzisha Prize).
Founders must be 34 years old or younger.
Women entrepreneurs, refugees or forcibly displaced applicants, and persons with disabilities are strongly encouraged to apply.

Benefits

Financial support to help stabilize or grow their business.
Tailored coaching delivered in their preferred language (Arabic, English, French, Portuguese, or Spanish).
Business development guidance from experienced mentors.
Supportive alumni networks and professional resources.

How to Apply

Applicants should be prepared to submit personal and business information, proof of alumni status, details about the business, business model, target audience, market need, and supporting documentation. The application requires approximately 15–30 minutes to complete. Applicants based in Rwanda must apply through the FAST program’s Rwanda-based partner. All other applicants should complete the global form available [here](https://asu.co1.qualtrics.com/jfe/form/SV_dhuR0OKBq5ooCN0).