The Bank of America Breakthrough Lab Accelerator Program 2022/2023 Application Has Commenced. See full details of how to successfully apply for the Bank of America Breakthrough Lab Accelerator Program.
Bank of America Breakthrough Lab Accelerator Program
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.
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Qualification and Requirements for BOFA Breakthrough Lab Accelerator Application
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
While the aspirational goal of BOFA program is to increase access for underrepresented groups, all eligible entrepreneurs regardless of background are encouraged to apply.
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Benefits You Can Expect from BOFA Breakthrough Lab Accelerator
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.
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How BOFA Breakthrough Lab Accelerator 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
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How To Apply For BOFA Breakthrough Lab Accelerator
You can now apply for the BOFA Breakthrough Lab Accelerator by clicking on the link provided below.
bofa-breakthrough-lab-accelerator-program-application-link
or simply click on https://bankofamerica.co1.qualtrics.com/jfe/form/SV_4Mh3Gspnlu3kLZk
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