TechInAfrica – The Association of International Certified Professional Accountants (AICPA) in collaboration with CPA.com has opened a startup accelerator program with strong focuses on accounting, finance, and regulatory technology. According to the Chartered Institute of Management Accountants (CIMA) in a statement, the program will give selected participants up to $25,000 in funding.
Additionally, they will also get access to the senior leadership both from the AICPA and CPA.com, as well as access to an advisory group with various backgrounds, including accounting, finance, and entrepreneurship.
CIMA explained that the joint startup program will enable participants to gain access to the Certified Public Accountants firm leaders as well as Chartered Global Management Accountants.
The entry submission for the joint program will close on November 30th and up to five startups will be picked to join the program. The program itself will start earlier next year and be run for six months.
The program has both virtual and in-person classes, opened to companies around the globe. Eligible applicants must be at seed pre-series A stage, have a working product or service, and focus on accounting technology or regulatory technology solutions.
Selected companies for the current cohort will participate at the AICPA’s Engage2020 Conference that will kick off on June 7 – 11, 2020, in Las Vegas, United States of America (USA). Furthermore, they will also be featured at the AICPA and CPA.com’s Digital CPA Conference which focuses on accounting technology and practice development topics.
“Early-stage fintech and edtech companies will also benefit from strategic insights, market access, and funding. This initiative is a contribution from the association and Cima to encourage innovation and employment creation in Africa,” said Tim Simba, CIMA Africa regional Vice President.
For further information about AICPA – CPA.com joint startups program, visit https://www.aicpa-cima.com/accelerator.html