The Electronic Transactions Association said on Wednesday it will provide grants for up to 10 payments start-ups, as well as exhibit space and a chance to participate in an investor competition, during its TRANSACT 14 conference.
Registration for the grants ends March 17. Winners will receive a conference exhibition package valued at more than $6,000 and will compete in the competition for a $50,000 award.
The grant money will be provided through the Bill & Melinda Gates Foundation and will go towards the establishment of the third Payments Next Zone and E-Pay Innovation Award at the conference, scheduled for April 8-10 at Mandalay Bay in Las Vegas. ETA will then use the funds to award start-ups with grants.
“ETA is honored to facilitate payments start-ups access to the largest industry event of the year, fostering connections to industry leaders,” ETA CEO Jason Oxman said. “TRANSACT 14 is the best possible platform to promote successful payments start-ups, and we expect an unprecedented level of participation from game-changing innovators.”
In addition to the turnkey exhibit space and chance to participate in an investor contest, ETA will also cover all costs associated with exhibiting at the conference, which will offer three days of programming designed at showcasing technical innovations in payments.