Intuit Inc. announced the launch of its third annual Intuit Prosperity Accelerator in collaboration with Highline Beta, a globally recognized accelerator builder-operator and venture capital firm focused on corporate innovation. The Intuit Prosperity Accelerator: Toronto, powered by Highline Beta, is an equity-free, challenge-based program focused on advancing financial prosperity. The four-month program is designed to accelerate the growth, impact, and fundability of high-potential Greater Toronto Area tech startups whose mission is to improve the financial prosperity of Canadian consumers and small businesses.

Selected startups will have access to a corporate and investor mentorship network, dedicated coaching, and the opportunity for follow-on investment from Highline Beta. Today's tech startups are facing uncertainty due to the possibility of a recession, high inflation, and an ongoing labour shortage. Further, startup funding in Canada for financial technology companies in the second quarter of 2022 saw a dramatic 70% drop compared to the previous year, highlighting the need for startup accelerator programs such as the Intuit Prosperity Accelerator.Over the past two years, Intuit has worked with 15 startup participants in its Prosperity Accelerator program to help overcome such challenges by running design experiments, validating use cases, and helping position them to raise over $24 million CAD.