Intuit Announces 2023 Cohort of Toronto Startup Accelerator Program
02 Março 2023 - 08:00AM
Business Wire
Eight Toronto-based technology startups come
together to hone their solutions for the most pressing economic
challenges consumers and small businesses currently face
Intuit Inc. (NASDAQ: INTU), the global financial technology
platform that makes TurboTax, Credit Karma, QuickBooks, and
Mailchimp, along with Highline Beta, a venture studio and venture
capital firm, announced today the 2023 cohort of the Intuit
Prosperity Accelerator: Toronto.
The four-month program will help eight fintech startups refine
and scale products designed to improve the financial prosperity of
Canadian consumers and small businesses and combat their most
pressing challenges.
The program involves pairing each startup with an expert at
Intuit who will mentor them on the company’s approach to
customer-driven innovation, known as Design for Delight. This
process has propelled Intuit throughout its 40-year history, and
involves extensive customer research and experimentation to
identify opportunities for innovation and growth. In addition to
the Intuit mentors, known as Innovation Catalysts, the startups
will also gain access to experts from Intuit and the broader
industry who specialize in areas such as product design and
development, partnerships, marketing, sales, engineering, and
venture capital.
Furthermore, with startup funding in Canada dropping 70% over
the past year, programs like the Intuit Prosperity Accelerator can
provide fintech startups with increased visibility in the
investment community at a critical time for the industry.
“Startups that graduate from accelerator programs have a 23%
higher survival rate than their counterparts,” said David Marquis,
vice president and Canada country manager at Intuit. “We’re excited
to connect and create with this promising group of innovators at
our new Toronto site, and help these entrepreneurs to realize their
startup’s growth potential.”
“We're thrilled to be teaming up with Intuit again to tap into
Toronto’s burgeoning technology ecosystem and work with some of the
city’s most innovative early-stage entrepreneurs,” said Hussam
Ayyad, chief accelerator officer at Highline Beta. “Besides their
focus on helping Canadians combat some of today's pressing economic
challenges, the startups themselves are facing a harsh
macroeconomic outlook and need our help now more than ever.”
Meet the cohort
Supporting small businesses & the self-employed:
- Carbonhound is an all-in-one platform that helps small
businesses simplify carbon management by consolidating measurement,
reduction, offset, and marketing services in one place.
- NetNow is a buy-now-pay-later and checkout platform for B2B
transactions, focusing on companies in the construction
industry.
- Requity Homes is a real estate platform that’s modernizing the
path to homeownership through a rent-to-own program.
- Spruce is an AI-powered loan origination and decisioning
software that can collect, analyze, underwrite, and monitor small
business data.
Supporting consumers:
- Chexy is a payments platform that allows tenants to earn
rewards and build credit on rent, leading to potential
homeownership.
- goPeer is a peer-to-peer lending platform that provides
low-interest loans to borrowers, while generating interest for
investors from excess capital.
- LenderBidding is a licensed platform that offers salaried
agents for consumers who seek to borrow from a private lender.
- Parachute offers loans and supports consumers to improve their
financial wellness through debt management, financial literacy
education, savings strategies, and more.
About the program
The Intuit Prosperity Accelerator: Toronto is an equity-free
program in which selected startups benefit from mentorship on
product and business innovation toward advancing financial
prosperity for consumers, small businesses, and the self-employed.
The startup cohort works with Intuit and Highline Beta teams to
identify and unlock growth opportunities using Intuit’s design
thinking methodology, Design for Delight, and pursue other areas of
business and technology mentorship. Over the past two years of the
Prosperity Accelerator program, Intuit has worked with 15 startup
participants and helped position them to raise over C$24
million.
For more information on the program, visit
www.intuit.com/ca/prosperity-accelerator.
About Intuit
Intuit is the global financial technology platform that powers
prosperity for the people and communities we serve. With more than
100 million customers worldwide using TurboTax, Credit Karma,
QuickBooks, and Mailchimp, we believe that everyone should have the
opportunity to prosper. We never stop working to find new,
innovative ways to make that possible. Please visit us at
Intuit.com and find us on social for the latest information about
Intuit and our products and services.
About Highline Beta
Highline Beta is a globally recognized accelerator
builder-operator and venture capital firm focused on corporate
innovation. We work with Fortune 1000 companies to build new
business models inside and outside their organization to unlock new
areas of growth, and we work with and invest in remarkable startup
founders who are building truly transformative ventures that
positively impact industries across the globe. Highline Beta is
Intuit’s partner in the design, execution, and oversight of the
program, and advises on the selection of startups to participate.
Learn more at Highline Beta.
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version on businesswire.com: https://www.businesswire.com/news/home/20230302005347/en/
Nora Hickey (on behalf of Intuit) nora.hickey@edelman.com
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