Information

Bank of America Breakthrough Lab™ is an impact accelerator program dedicated to providing economic opportunity and capital access to entrepreneurs. The program is specifically designed to support underrepresented entrepreneurs, including women, people of color, veterans, and individuals from low-to-moderate income communities. The Lab offers a comprehensive support system, including mentorship from industry experts, access to Bank of America's network of financial and business resources, and tailored business development opportunities. Entrepreneurs benefit from strategic advice, networking opportunities, and potential pathways to capital that can significantly accelerate their business growth.

How to Apply

To apply for the Bank of America Breakthrough Lab, entrepreneurs need to visit the official website. The application process typically involves submitting detailed information about the business, including its mission, market potential, business model, and the specific challenges it faces. Applicants may also need to provide financial statements, a pitch deck, and references. Selected candidates will go through an interview process to assess their fit for the program. Detailed instructions and deadlines for application submissions are available on the website.

Total number of startups invested: 17

Average Funding: N/A (Non Equity Assistance)

Industry: Various industries, with a focus on underrepresented entrepreneurs and those from low-to-moderate income communities.

Market: United States