The Launching Of Startup Blueprint Program From PayPal

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Recently, PayPal and Braintree have launched their Startup Blueprint program in the Asia Pacific region, including Australia, Singapore, Japan, and Hong Kong.

The Startup Blueprint program partners with promising startups. Hopefully, it will be able to assist the emerging generation of mobile and web companies to monetise their businesses. The program will connect them to 152 million PayPal and Braintree users across 203 markets in the process.

In short, the program offers the eligible startups a free payment processing for a transaction value of up to US$1.5 million with PayPal, and US$100,000 with Braintree. Moreover, they will have access to a dedicated team of startup advisors. Each advisor will provide one-on-one mentorship, workshops, and other tailored support.

The companies stated in a joint statement that the program’s expansion into the Asia Pacific region comes at a “critical juncture” in its startup scene, as more people in the area come online, thanks to smartphones and tablets.

“PayPal and Braintree are driving Startup Blueprint because we have been there,” said John Lunn, PayPal and Braintree developer and startup relations senior global director. “We want to help startups get up and running. This program empowers payment capabilities and supports each startup’s growth.”

According to PayPal, the program now has more than 45 partners globally, including Australia’s Blackbird Ventures, Startmate, ATP Innovations, and Oxygen Ventures.

“We’re so excited to be partnering with PayPal for the Startup Blueprint launch in Asia. It’s programs like these that give our startups an edge when launching global businesses from Australia,” said Blackbird Ventures and Startmate founder Niki Scevak.

To join the program, startups must be focused on making mobile or web software or services, be privately held and make less than US$3 million annually — or are less than five-years-old, and be nominated by a Startup Blueprint incubator, accelerator, or venture capitalist partner.

The program has supported several successful businesses, including Memebox, Blitsy, Telnyx, and Swivl, and according to PayPal, it has engaged hundreds of startups around the world since its beginning. The company launched the campaign following the announcement that Apple’s new NFC-enabled payments system Apple Pay that would launch in October in the United States.