Bank of America Breakthrough Lab^TM

What makes Breakthrough Lab unique?

We’re with you, offering tailored Executive Sponsor & Mentorship to minority founders faced with start-up requirements and operational gaps. Count on us for your major needs, such as digital expertise, industry connections, access to various forms of capital, as well as the day-to-day benefits of a part-time program that gives working founders flexibility, and ongoing assistance with developing your brand identity. Best of all, there is no requirement to exchange equity with BofA. As we see it, your success is our success.

How it works

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

What benefits can you expect?

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.

Who is eligible?

The Breakthrough Lab is open to:

• Entrepreneurial-spirited teams 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 our program is to increase access for underrepresented groups, all eligible entrepreneurs regardless of background are encouraged to apply.

Apply now 

Applications open through the end of May

Introducing Breakthrough Lab cohort

Meet the fintech companies that are part of the program.

Multigenerational

Founders:

The Zone

Founders:

Petter

Founder:

Universal Monetary Systems

Founders:

Sheer Finance

Founders:

Why we sponsor the program

Breakthrough Lab is part of a larger initiative from Bank of America to help advance economic and social progress worldwide.

Meet the leaders

Breakthrough Lab is developed and led by a diverse team of industry experts.

Made possible with support from