We report on the development of compact toroid (CT) accelerators to create the target plasma for magnetized target fusion (MTF) devices. Due to the requirements of high initial density of ~1017 cm−3, strong internal fields of 5–10 T, and base temperatures of >100 eV, a design based on conical compression electrodes is an effective avenue to pursue. Progress is being made at General Fusion Inc, (Vancouver, Canada) to develop a pair of large CT accelerators for generating an MTF target plasma. In this design, tungsten coated conical electrodes (with a formation diameter of 1.9 m, a radial compression factor of 4, and overall accelerator length of 5 m) will be used to achieve ohmic heating and acceleration of the CT, yet with low wall sputtering rates. A pair of these accelerators can be synchronized and shot at one another, producing a collision and reconnection of the two CTs within the center of an MTF chamber. Depending on the choice of relative helicities, the two CTs will merge to form either a spheromak-like or an FRC-like plasma.