In just a few short years New York City has become a hub for financial technology startups. The corresponding rise in "FinTech" focused events have been well attended, often drawing in top players in the capital markets and banking world seeking to stay ahead of the technology curve and rev up their innovation cycles.
Even so, early-stage investments are inherently risky, and even the largest institutions are often hesitant to divert funding to anything less than a proven business model. But the demand for innovation is growing, causing some firms to take the leap into the less-established waters.
In an effort to foster further innovation in financial technologies, Scivantage, a Global FinTech 100 technology provider of information-enabled software, and Stevens Institute of Technology are partnering to launch the Scivantage FinTech Incubator Program. Entrepreneurs and early-stage startups from Steven's student body, faculty and alumni are encouraged to apply for the 12-week incubator program which will involve mentoring from a diverse group of financial technology executives, sales and marketing support, seed funding and office space.
Becca Lipman is Senior Editor for Wall Street & Technology. She writes in-depth news articles with a focus on big data and compliance in the capital markets. She regularly meets with information technology leaders and innovators and writes about cloud computing, datacenters, ... View Full Bio