Intuit’s Third Annual Prosperity Accelerator Aims to Spur Growth for Greater Toronto Area Fintechs

Intuit announced today the launch of its third annual Intuit Prosperity Accelerator in collaboration with Highline Beta, a globally recognized accelerator builder-operator and venture capital firm focused on corporate innovation.

The Intuit Prosperity Accelerator: Toronto, powered by Highline Beta, 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.

Today’s tech startups are facing uncertainty due to the possibility of a recession, high inflation, and an ongoing labour shortage. Further, startup funding in Canada for financial technology companies in the second quarter of 2022 saw a dramatic 70% drop compared to the previous year, highlighting the need for startup accelerator programs such as the Intuit Prosperity Accelerator.

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.

Toronto is now accepting applications until January 13, 2023. Six to eight startups will be selected, with the program kicking off in February 2023. Startups wishing to join must have a solution in market that fits into at least one of the program’s challenge areas:

Help consumers with:

  • Rising mortgage and rent costs
  • Managing savings and investments
  • Empowering income stability and mitigating debt

Help small businesses and self-employed individuals with:

  • Juggling the management of multiple businesses
  • Rising cost of goods sold
  • Attracting and retaining labour

For more information on eligibility requirements and to apply, visit: https://www.intuit.com/ca/prosperity-accelerator.

About the Program:

The Intuit Prosperity Accelerator: Toronto powered by Highline Beta is an equity-free challenged-based program focused on advancing financial prosperity. Selected startups will come from Toronto’s burgeoning tech ecosystem and have access to a corporate and investor mentorship network, dedicated coaching, and the opportunity for follow-on investment from Highline Beta. It will also provide exclusive access to experts, business mentors, and a vibrant alumni startup community. New this year, applicants will benefit from regular virtual and in-person programming.

The Intuit Prosperity Accelerator is now accepting applications until January 13, 2023. Six to eight startups will be selected, with the program kicking off in February 2023. Applicants must be from high-potential seed-stage tech startups located in the Greater Toronto Area who have technology-driven solutions with products in market. Applications from pre-seed or later-stage companies will also be considered based on alignment with program challenges.

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