What types of companies are we looking for?
We’re focused on two specific themes, both of which ultimately help the profession perform and add value at a higher level:
ACCOUNTECH — Tools and platforms that improve efficiencies for accounting and finance professionals as well as advanced technologies that enable firms to shift their focus to value-added advisory services.
- Automation of routine accounting tasks
- Automating collection and analysis of data that accountants can use to inform strategy
- Artificial intelligence to augment human decision-making
- Blockchain platforms and/or cryptoasset reporting
- Business Intelligence and Predictive Analytics
- Financial and Tax Planning Solutions
- Cybersecurity tools & platforms
REGTECH — Technologies that facilitate the delivery of regulatory requirements and help businesses meet the challenges of regulatory monitoring, reporting, compliance, risk management and fraud detection.
- Machine learning and artificial intelligence that help financial institutions manage, analyze and report accurate information
- Technology to detect real-time market or operational risks
- Compliance & Risk controls
“It’s been a terrific opportunity to meet engaged and knowledgeable people in the accounting profession who have made bridges for us to help expand our technology and business... getting into the accelerator was a shot in the arm when we needed it most because it validated our business and technology.”
Founder of North Capital
Seed or pre-Series A, with some exceptions
Must have a functioning product or service
Must have a value proposition for the accounting profession
What we offer
Selected startups will be offered $25,000 each, subject to agreement of commercial terms, to work with the Association of International Certified Professional Accountants and CPA.com as part of this year’s accelerator cohort. Commercial terms are previewed in the sample convertible promissory note and memorandum of understanding.
Startups will be given access to the profession including to members, firms, press, and other customers that can help their businesses grow.
We will provide unmatched subject-matter expertise, coaching, mentorship, and knowledge about the profession to help each selected startup refine its value proposition, scale and grow.
Timing for the 2020 cohort
November 30, 2020
Announcement of the new cohort. Upon selection, the full accelerator program is ~6 months.
The cohort will convene in-person for two days of learning and mentoring. The Advisory Panel and applicable Association executives will attend this session.
February - June 2021
(virtual and in person)
Ongoing coaching calls and meetings with each startup to provide guidance, expertise, access to applicable channels, learning, and feedback on growth plans and progress.
The cohort will have an opportunity to present at ENGAGE 2020, North America’s premier accounting conference.
Showcase at Digital CPA, the leading conference for practitioners curious about technology and its impact on the accounting landscape.