About

BFN Accelerate follows a classic cohort-based accelerator model. Each year, we will accept 8-10 teams from the U of T community with at least one Black-identifying founder to participate in an intense three-month program. Our hope is that BFN Accelerate will be complementary and can be completed concurrently with initiatives delivered by U of T’s accelerators.

This is for existing teams and early-stage companies with viable ideas ready to be turned into minimum viable products (MVPs) and MVPs looking to achieve product-market fit. BFN Accelerate provides Black-led startups with access to non-dilutive funding awards (up to $25k per venture) and resources to help defray professional services costs (eg. legal, accounting, technology).

The structured program delivers education and workshops tailored for Black entrepreneurs, including workshops/sessions with an emphasis on market & customer research, MVP product development, competitor analysis, beta testing, revenue generation and product-market fit. Plus, members of BFN Accelerate gain access to weekly Entrepreneur and Investor “in-residence” office hours, dedicated mentorship and dedicated co-working space for teams. 

BFN Accelerate will help you develop solutions to meet the customer’s needs, launch of MVP/beta, start to grow your team, generate revenue, secure funding and explore value chain/distribution partnerships. 

Highlights:

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Applications to BFN Accelerate will open in late 2021. Check back for updates or subscribe to our newsletter.