Business
Intuit Announces the Second Cohort of the Intuit Prosperity Accelerator: AI
Seven AI-focused North American startups to join effort to inspire innovations that power prosperity for consumers and small businesses TORONTO--(BUSINESS
About this update from Intuit Inc.
[{"type":"text","content":"\nSeven AI-focused North American startups to join effort to inspire innovations that power prosperity for consumers and small businesses\n\n TORONTO--(BUSINESS WIRE)--\nIntuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma, along with Highline Beta, a venture studio and venture capital firm, today announced the second cohort of the Intuit Prosperity AcceleratorTM: AI. This announcement follows the recent launch of Intuit Ventures, further evolving the company’s strategy to drive future innovations by supporting early to mid-stage startups.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211014005329/en/\nThe second cohort is comprised of seven early-stage startups from top technology hubs including San Francisco, New York, Toronto and Montreal. These companies were selected based on their ability to leverage artificial intelligence (AI) to create solutions that help consumers and small businesses overcome financial challenges. Like the startups from the inaugural program in 2020, these companies share Intuit’s value of being mission-driven. Additionally, they focus on customer obsession to deliver innovative products, ideas, and results.\n\n“The rise of AI is fundamentally reshaping our world and as global economies continue to reopen, Intuit is committed to accelerating industry innovation,” said David Marquis, Country Manager at Intuit Canada and executive sponsor of the Intuit Prosperity Accelerator. “It takes a community to tackle a big problem, which is why we’re excited to bring together this promising group of AI innovators who share Intuit’s mission of powering prosperity around the world.”\n\nIn an effort to fuel their growth and spur industry innovation, Intuit will partner with the cohort over a five-month period. We will coach them, provide product and technology expertise and connect them to Intuit’s existing consumer and small business customers.\n\n“We’re thrilled to be teaming up with Intuit to welcome these seven innovative founders and startups to this year’s program,” said Hussam Ayyad, Chief Accelerator Officer at Highline Beta. “The cohort addresses a wide variety of pressing challenges related to marketing, customer engagement, financial audit, consumer credit building and more. We’re ready...