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Intuit invites AI-focused startups to implement for its new accelerator program

Worldwide monetary platform firm Intuit, together with enterprise studio and enterprise funds organization Highline Beta, lately announced the start of a new accelerator for synthetic intelligence (AI)-focused startups.

Intuit Prosperity Accelerator: AI is an fairness-absolutely free and problem-based mostly virtual 5-month accelerator software designed for significant-possible seed-phase startups primarily based in North The us, who have AI-driven answers with merchandise in the current market that goal to clear up financial issues. 

Programs are open till August 31, 2021, and the organization suggests it will be deciding upon six to 8 startups this yr. Candidates who have an AI-driven alternative that fits into at least 1 of the subsequent 3 obstacle locations specified by Intuit are qualified to utilize:

  • More Revenue: Unlock good revenue decisions and support maintain much more funds in people’s pockets.
  • Finish Confidence: Accessibility expert tips and give persons the self esteem they want to make informed financial choices.
  • No Get the job done: Immediately deliver worth through frictionless interactions and eradicate manual procedures.

Intuit claims applications from pre-seed or afterwards phase organizations will also be thought of primarily based on the healthy with the program’s themes and fascination spots which include machine studying, knowledge engineering, and natural language processing. In addition, worldwide startups that can show their worth to the North American current market are eligible to use.

Picked startups will have access to a company and investor mentorship network, focused coaching, and an option for abide by-on expenditure from Highline Beta. It will also present unique accessibility to AI authorities, business enterprise mentors and an alumni startup group, the company observed on its website.

Erin Bury, co-founder and chief executive officer at the Canadian do-it-your self on the internet will system Willful, and an Intuit Prosperity Accelerator alumni, explained to ITBusiness.ca that they realized a great deal about Intuit’s Design for Delight methodology and that Willful hopes to form some variety of partnership with Intuit in the long term. 

“Our mission at Willful is to present very simple, inexpensive estate setting up applications to Canadians, which is extremely very similar to Intuit’s mission of simplifying the procedure of filing taxes by way of its software offer TurboTax. We cherished remaining component of the Intuit Prosperity Accelerator for the reason that we uncovered additional about how Intuit associates with smaller providers, and we also learned about their Design for Delight methodology, which assisted us to get nearer to our buyers and launch experiments to enhance their encounter. It was a good prospect to understand from a planet-class brand name, and to meet other startups who are likely by the similar problems we are,” Bury claimed.

Kicking off on October 4, 2021, and set to culminate with a demo working day in February-March 2022, this will mark the launch of Intuit’s 2nd yearly method, making on its inaugural 2020 Intuit Prosperity Accelerator. The program’s to start with cohort integrated 8 startups and culminated with a demo working day occasion in partnership with TechTO.