Capital markets tech house Scivantage is teaming with Hoboken's Stevens Institute of Technology to launch a fintech incubator programme promising capital, IT support and guidance to successful entrants.
SciVantage is inviting applicants for the first of a rolling 12-week programme that will culminate in a competitive pitch to leading fintech executives and investors.
Top entrants stand to gain up to $25000 in seed capital and office space in Scivantage's Jersey City, N.J, office.
Jim Tousignant, EVP of sales and business development at Scivantage, says: "Participants in the program will benefit from the collaboration with Stevens Institute of Technology, including its Office of Innovation and Entrepreneurship, and more than 6,100 undergraduate and graduate students and 350 faculty members, from its School of Engineering, School of Systems and Enterprises, the School of Technology Management and the College of Arts and Letters. Participating in the Incubator Program also provides entrepreneurs with easy access to the dynamic New York/New Jersey entrepreneurial scene, as well as leading financial services and technology firms, and top venture capitalists and angel investors."
Applications for the current cycle must be submitted by 5PM EDT on 13 June, 2014, and pitch day finalists will be selected on June 20, 2014.