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Visa Everywhere Initiative (VEI)

Opportunity for USA Businesses to Pitch Commercial
Problem-Solving Ideas to a Business Network

Agency Type:

Foundation / Corporation

Funding Source:

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VISA

Deadline Date:

03/25/19 11:59 PM PDT

Description:

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Opportunity for USA startups to pitch visionary ideas related to global commerce to a vast network of business people. Participants in the challenge will respond to one or more questions that global businesses must address in today's digital age. Focus areas include: digital issuance, digital payments, and providing added value to Visa or Visa’s vast network of clients.

Three challenges will be issued and will focus on solving three distinct business problems. In the end, four finalists will be invited to pitch their solutions live in front of Visa leaders and clients at the finals event during the 2019 Visa Payments Forum on May 13th – 19th in Chicago, IL.

The winning submission for each of the three challenges comprising the Initiative will be awarded a $25,000 USD cash prize. One winner will be selected for each of the three Initiative briefs from the submissions and be given the opportunity to present their solution to a judging panel that may include executives from Visa and as well as other members of the payments and technology communities. The Overall Winner of the Initiative will be awarded an additional $25,000 USD, receive mentorship from Visa and, be invited to discuss a pilot program with Visa.

In addition to the selection of the Overall Winner, the Finals will include an Audience Choice Award, which will be decided upon by Visa employees and others who are watching the event in person and vote via an online voting management system. The winner of the Audience Choice Award (the “Audience Choice Winner”) will receive a $5,000 USD cash prize.

The Solution should be aligned to Visa’s brand positioning (“Wherever you want to be, Visa helps you get there”), solve business challenges, influence our product roadmaps, support our customers, and shape the culture of innovation, and directly solve for one of the following three challenges (the “Challenges”):

For Further details and Challenge questions please see:
https://usa.visa.com/visa-everywhere/everywhere-initiative/initiative.html?elqTrackId=f3e83f7c067d44c6bb2d6542d927c185&elqaid=535&elqat=2#2

Solution Guidelines
Solutions should be designed to meet all of the following criteria, each as determined by Visa in its sole discretion:
-Offers new functionality, features or tools that solve for one of the three Challenges;
-Incorporates and addresses existing commerce/payments problems and solutions;
-Is minimum potentially viable product that can be easily integrated into a pilot with Visa and partner companies.


GrantWatch ID#:

GrantWatch ID#: 159127

Estimated Size of Grant:

Cash Award: Each Company selected as a Brief Winner will be awarded $25,000 USD. The Overall Winner (which may or may not be a Brief Winner) will be awarded an additional $25,000 USD. The Audience Choice Winner will be awarded $5,000 USD.

Additional Eligibility Criteria:

You may only register for the opportunity to participate in the Initiative if you are a company incorporated or registered to do business in the U.S. the time of registration, and all participants from your Company are also U.S. residents and at least 18 years old (or at least the age of majority in your/their jurisdiction of residence, whichever is older) at the time of registration. In addition, employees of Visa or its designee(s) are not eligible to submit a Solution to the Initiative.

Solution Guidelines
Solutions should be designed to meet all of the following criteria, each as determined by Visa in its sole discretion:
Does not contain, depict, imply or refer (explicitly or otherwise) to any content that:
- is inappropriate, objectionable, or unsuitable;
- disparages or refers negatively to Visa, the Initiative, or any other person or entity;
- unnecessarily refers to any third party (person or entity); or
- violates any law or any third party’s intellectual property, privacy, personality or other rights (“Third-Party Rights”)

Does not conflict with any of Visa’s core values, and is not otherwise objectionable to Visa;

Does not contain malicious code, create an information security risk or otherwise compromise the integrity of the Solution, whether alone or integrated with any Visa experience, product or service.

Visa may disqualify any Solution, without notice, if it determines in its sole discretion that the Solution does not comply with any of the above requirements or otherwise with these Terms.

Pre-Application Information:

The initial phase of the Initiative will take place via online registration and submission of your solution (“Solution”). Registrations and corresponding Solutions will be accepted from February 19, 2019 until 11:59 p.m. PDT on March 25, 2019 (“Submission Period”).

Potential Finalists will be notified of their selection, and be required to (a) confirm within a specified timeframe that they will present in person for the finals during the Visa Payments Forum in Chicago, IL on May 14 2019 (the “Finals”) , and (b) agree to additional terms and conditions that will govern potential post-Initiative development of products, as appropriate based on the nature of the submission (the “Post-Submission Materials”). The Finalists will then be invited to present their Solution in person at the Finals at which time the Overall Winner will be selected.

Award recipients will be notified by email and/or phone.

Terms and Conditions: https://globalresponse.visa.com/vei-terms-2019

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Online submission form:
https://getkite.co/p/visa-everywhere-initiative-2019-us-program-application

Contact Page:
https://usa.visa.com/contact-us.html

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming