The first European edition of MasterCard’s hackathon will soon begin — in Tel Aviv.
The global payments technology company announced yesterday (May 12) that its Masters of Code Competition will host the event’s first European hackathon in Tel Aviv, Israel. Registration is currently open for the contest, which will take place June 11-12 at the Lool Space.
MasterCard explained in a press release that Tel Aviv was selected as the site for the inaugural European competition as a result of the recent payment tech innovations that have been taking place in Israel. The company stated that it has become aware of promising startups in the country in part through events such as the MasterCard Israel Technology Innovation Award program and February’s MasterCard Start Path program that was held in Tel Aviv.
“We are delighted that Tel Aviv is part of our global hackathon series,” said Andras Hemberger, country manager for MasterCard Israel, in the release. “Israel has a thriving culture of startups, especially in the financial technology area, so it’s the ideal location to tap into exciting new ideas. The event also aligns with MasterCard’s focus on innovating across all areas of our business, as we meet the changing needs of business and consumers.”
The Masters of Code Competition is a series of two-day long hackathons in which top developers, designers and entrepreneurs from all over the world are given access to MasterCard APIs to build innovative prototypes that are both creative and business-applicable.
The winning team from the Tel Aviv event — decided, as is the case for all the events, by a panel of judges according the aforementioned criteria — will then compete with the other winning regional teams in the Grand Finale Masters of Code Hackathon in Silicon Valley. That final competition will bear out the first Masters of Code Champions, who will be awarded $100,000 along with a number of other perks.