A: Yes, you can still apply for the program if you fit the program criteria. We encourage you to indicate the projects that you are already working on with Visa when submitting your application.
A: We encourage startups with operations in Asia Pacific to apply for the program. However, startups based elsewhere, but that can demonstrate a commitment to long-term growth within Asia Pacific and through their proposed collaboration with Visa, may also apply for the program.
A: Startups undergo a preliminary screening based on details about their company, its products and capabilities, and its proposed area of collaboration with Visa. Shortlisted startups would then be invited to participate in a series of virtual interviews, before a final selection is announced.
A: Startups work with Visa on a Proof of Concept (POC) and business case over this period, and the time needed to complete this would depend on the complexity of the use case and the scope of the POC. All startups would be expected to complete the POC within 6 months at maximum.
A: We define a Proof of Concept as a scoped experiment which demonstrates the feasibility of a solution / business plan. Its exact scope varies from startup to startup, but typically involves a limited scope for testing within a controlled environment. Each startup will collaborate with Visa and its program partners to determine the scope and objectives for the Proof of Concept that you would embark on.
A: The program is designed to allow for hybrid modes of collaboration, both virtually and in-person. You will be able to identify, with your program manager, the most effective model for your startup during the program.