Bank of America is launching a FinTech accelerator that aims to attract entrepreneurs from underrepresented communities.
IN BRIEF:
- The Bank of America Breakthrough Lab will involve a six-month programme providing tailored mentorship, digital expertise, networking with industry experts and access to potential investors.
- The bank is inviting founders of early-stage startups from Black, Hispanic-Latino, Native American and other underrepresented communities to apply by 8 June for the September cohort.
- It is now open for applications and is accepting applications for startups from the US, EMEA, LATAM and India.
What does this mean?
Rina Arline, Breakthrough Lab Programme director, global transaction services, BofA, says: "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."
