MasterCard has called for entries to the MasterCard Masters of Code competition, a 10-city hackathon series organized by AngelHack.
The competition features regional weekend-long events that will bring together the world’s top developers, designers and entrepreneurs to take on the APIs supplied by MasterCard.
The participating teams will compete to create prototypes that demonstrate artful coding and design skills while also articulating clear business use cases – all focused on driving the next generation of commerce applications.
Masters of Code kicks off with its first event in Sydney, Australia on February 7-8, followed by events in Hong Kong (March 18-19) and Singapore (March 25-26). Additional locations include cities in Brazil, Canada, Israel, Turkey, the United Kingdom and the United States, among others.
The winning team from each region will be flown to Silicon Valley to compete in the Grand Finale Masters of Code hackathon. There, a MasterCard Masters of Code Champion will be crowned and will receive $100,000 to develop their innovation.
Additional prizes include spending two weeks on-site at the MasterCard Start Path accelerator location in Dublin, Ireland, or an alternate remote program; six months of mentoring from a member of the MasterCard Open API executive team and the Start Path program team; and free payment processing for up to $250,000 in transactions for the first 12 months using Simplify Commerce.
“We are opening up our technology to the world for a simple reason -– to enable any developer to utilize our products and platforms to build the next big thing,” said Mario Shiliashki, SVP of Open APIs at MasterCard.