Bank of America Breakthrough Lab 2022 Accelerator Program

Interested applicants are invited to apply for Bank of America Breakthrough Lab Accelerator Program 2022. The Breakthrough Lab is an accelerator program for minority founders from underserved communities.

It provides access to expertise and mentorship for early-stage businesses that are building growth models, establishing industry contacts and positioning themselves for new funding. They are committed to helping turn your ideas into reality by unlocking economic opportunities for people and communities of color.

The six-month, part-time program provides you with business resources, coursework and instruction from industry experts, with 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

Benefits

  • 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 — Demo Day and curriculum can open opportunities for capital by establishing connections to potential investors, CDFIs and grants.
  • Program Expenses — Bank of America will pay for select expenses associated with the program.

Eligibility

The Breakthrough Lab is open to:

  • Entrepreneurial-spirited teams in the U.S., with a minimum of two and a maximum of five members.
  • Black, Hispanic-Latino and other underrepresented groups.
  • Ideas related to financial technology/promoting financial inclusion.
  • Participants that have not received prior seed funding.
  • Minority ownership of 50% or greater.

While the aspirational goal of the program is to increase access for underrepresented groups, all eligible entrepreneurs regardless of background are encouraged to apply.

Application

During the course of the application, they will ask for several pieces of information about you and your proposal, such as:

  • Information about you and any co-founders
  • A demo video of your product or solution
  • A business plan for your proposal
  • Pending or issued patents, trademarks, and/or copyrights
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Click here to apply

For more information, visit Breakthrough Lab.

Application Deadline: June 20, 2022

Important Notice

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to it.
  • They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
  • All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed.
  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
  • Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
  • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview
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