Intuit has announced the launch of its third annual Intuit Prosperity Accelerator in collaboration with Toronto’s Highline Beta, an accelerator builder-operator and venture capital firm focused on corporate innovation.
The Intuit Prosperity Accelerator: Toronto is an equity-free, challenge-based program focused on advancing financial prosperity.
The four-month program is designed to accelerate the growth, impact, and fundability of high-potential Greater Toronto Area (GTA) tech startups whose mission is to improve the financial prosperity of Canadian consumers and small businesses.
Selected startups will have access to a corporate and investor mentorship network, dedicated coaching, and the opportunity for follow-on investment from Highline Beta.
“Many businesses are facing economic challenges that have a direct impact on their ability to innovate and develop solutions for the future,” said David Marquis, vice president and Canada country manager at Intuit.
“We want to share our resources and innovation methods with startups that are close to breakthroughs, are preparing for their next round of funding, or require technology resources to take their business to the next level. Given the challenging landscape for tech startups in Canada, our support can have a huge impact on a growing startup’s future, now more than ever.”
Over the past two years, Intuit has worked with 15 startup participants in its Prosperity Accelerator program to help overcome such challenges by running design experiments, validating use cases, and helping position them to raise over $24 million CAD.
“We are very excited about this collaboration with Intuit which continues to show consistent success in helping entrepreneurs take their business to the next level,” said Hussam Ayyad, chief accelerator officer at Highline Beta. “In such uncertain times, when resources are constrained, supporting startups to help propel their progress becomes paramount.”
The Intuit Prosperity Accelerator: Toronto is now accepting applications until January 13, 2023. Six to eight startups will be selected, with the program kicking off in February 2023.