Breakthrough Lab is an impact accelerator program that provides economic opportunity and capital access to Black, Hispanic-Latino, Native American, and other underrepresented minority entrepreneurs.
Donor Name: Bank of America
State: All States
County: All Counties
Type of Grant: Accelerator
Deadline (mm/dd/yyyy): 06/20/2022
Details:
Their part-time program provides hands-on mentorship to a small group of early-stage businesses by helping founders build growth models, establish industry contacts and position themselves for new funding.
What benefits can you expect?
- Curriculum — Access and exposure to bank and industry financial technology experts offer key content of the curriculum.
- Mentoring — Establishing connections with senior-level bank mentors and access to bank and industry pros provides essential guidance.
- Access to capital — Pitch day and curriculum can open opportunities for capital by establishing connections to potential investors, CDFIs and grant providers.
- Program Expenses — Bank of America will pay for select expenses associated with the program.
How it works
The six-month, part-time program provides business resources and best practices from industry experts and successful startups. The high-touch program offers four levels of support:
- Two to four hours per week of education
- Weekly one-on-one team office hours
- Dedicated senior-level mentors
- Expert insight from industry professionals
Eligibility Criteria
The Breakthrough Lab is open to:
- Entrepreneurial-spirited teams with a minimum of two and a maximum of five members
- Founders from Black, Hispanic-Latino, Native American, and other underrepresented groups (Minority ownership of 50% or greater)
- Ideas related to financial technology and tech-enabled solutions promoting financial inclusion
- Participants that have not received prior seed funding
For more information, visit Bank of America .
