Silicon Valley Bank and MasterCard intro commerce accelerator program for startups

SANTA CLARA, USA: Silicon Valley Bank, financial partner to the global innovation economy, and MasterCard have introduce Commerce.Innovated.?, a customized commerce accelerator program that will help a select group of commerce focused startups access operational and technology expertise to effectively advance their go-to-market commerce platforms.

Established by experts in the global payments industry, Commerce.Innovated. is a four-month program for four to six startups.

The program is custom designed for each startup to address key operational and technology challenges by working with subject matter experts across the commerce space.

Early stage companies that meet the following criteria may apply by February 21, 2014:

* Innovative commerce focused solutions.

* Pre-series A, seed round secured.

* Live with beta product.

* Path to revenue defined.

* Core team established.

"This program is consistent with our core mission, to increase the probability of our clients' success," said Bruce Wallace, COO of Silicon Valley Bank. "We want to provide focused operational knowledge and connections to help commerce startups overcome operational and infrastructure challenges, so we mobilized our team to create a program that will help them get their commerce platforms to market quickly."