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Association of International Certified Professional Accountants and CPA.com Startup Accelerator

“The best way to predict the future is to create it.” — Peter Drucker


Change will never be as slow as it is today.  The accounting and finance profession of the future will look very different than it does today. We’re already having to adapt to changes related to regulatory compliance, task automation, AI, blockchain, and more.

The Association and CPA.com Startup Accelerator helps grow startups throughout the accounting ecosystem so they can help transform the profession. Our aim is to strengthen the ability of individual accountants and finance teams to be the go-to analysts, strategists and consultants that are indispensable to organizations across the globe.

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.

Examples may include but are not limited to:

  • 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.

Examples may include but are not limited to:

  • 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

 

Eligibility

  • 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

Funding

Funding

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.

Access

Access

Startups will be given access to the profession including to members, firms, press, and other customers that can help their businesses grow. 

Knowledge

Knowledge

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, 2019 - applications due - Apply now!
  • December 18/19, 2019 (virtual; dates tentative) - Select applicants will be invited to pitch to Association and CPA.com executives. Up to five startups will subsequently be selected for the cohort.
  • January 2020 – announcement of the new cohort.  Upon selection, the full accelerator program is ~6 months.
  • February 2020 (NYC) - 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 2020 (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.
  • June 2020 (Las Vegas) – The cohort will have an opportunity to present at ENGAGE 2020, North America’s premier accounting conference.
  • December 2020 – Showcase at Digital CPA, the leading conference for practitioners curious about technology and its impact on the accounting landscape.


Contact

For questions about the program or inquiries about submitting an application, please contact either:

Mark Brooks, Associate Director, Innovation and Strategic Partnerships at the Association mark.brooks@aicpa-cima.com
Kacee Johnson, Strategic Advisor at CPA.com kacee.johnson@hq.cpa.com

AICPA CPA.com Startup Accelerator