applications for CPA.com and AICPA Business accelerators

October 04, 2023

In order for innovators and cutting-edge solutions to change the accounting industry, the AICPA and CPA.com Startup Accelerator supports the growth of companies across the accounting ecosystem.

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The goal is to increase the capacity of individual accountants and financial teams to serve as the vital analysts, strategists, and advisors to businesses all over the world.

What kinds of businesses are they seeking?

They concentrate on three key themes, each of which eventually enhances the performance and value of the profession.

  • ACCOUNTECH – Tools and platforms that help accounting and finance professionals work more effectively, as well as cutting-edge technologies that let businesses concentrate on value-added advising services.Examples could consist of, but not be limited to:

  • regular accounting activities being automated

  • Automating data analysis and collection so that accountants can utilise it to inform strategy

  • Using artificial intelligence to help people make decisions

  • Cryptocurrencies and/or blockchain platforms reporting

  • Analytics for Business Intelligence and Predictive

  • Solutions for Financial and Tax Planning

  • Cybersecurity platforms and tools

  • REGTECH – Technologies that make it easier to meet regulatory obligations and assist companies in managing the risks associated with regulatory monitoring, reporting, compliance, and fraud detection.

  • Examples could consist of, but not be limited to:

  • Financial institutions’ use of machine learning and artificial intelligence to manage, analyse, and report accurate information

  • Technology to identify operational or market hazards in real time

  • Risk and compliance controls

  • Solutions for environmental, social, and governance efforts (ESG) that allow accounting and financial professionals to support, audit, and provide guidance. a developing field that assesses a company’s overall consciousness with regard to social and environmental issues.

  • Examples could consist of, but not be limited to:

  • A storehouse or collection of data

  • Dashboards that monitor the success of ESG initiatives

  • Auditing tools

  • reporting answers.What they provide

Funding

  • A $25,000 award will be made available to chosen entrepreneurs.

  • Access

  • Startups will have access to the industry, including members, corporations, the press, and other clients who can support the expansion of their enterprises.

  • Knowledge To help each chosen startup improve its value offering, develop, and grow, they will offer unequalled subject-matter expertise, coaching, mentorship, and knowledge of the industry.

eligibility requirements

  • Pre-Series A or seed, with some exceptions

  • Must possess a working good or service

  • The accounting profession must have a value proposition.

Visit CPA.com for additional details.