Bank of America is launching a fintech accelerator designed to attract entrepreneurs from underrepresented communities.
The Bank of America Breakthrough Lab will feature a six-month program that offers tailored mentorship, digital expertise, networking opportunities with industry experts, and access to potential investors.
The bank invites founders of early-stage startups from Black, Hispanic-Latino, Native American, and other underrepresented communities to apply by June 8 for the September cohort.
Participants should be pre-seed stage companies with ideas related to fintech or tech-enabled solutions aimed at promoting inclusion, such as HealthTech, WealthTech, EdTech, and housing initiatives.
While the program aspires to increase access for underrepresented groups, Bank of America encourages all eligible entrepreneurs to apply, regardless of background.
Rina Arline, Breakthrough Lab Programme Director in global transaction services at Bank of America, expressed enthusiasm about the initiative: “We’re excited to play a role in giving emerging entrepreneurs from a range of backgrounds access to the bank’s vast resources and industry networks.”