Scivantage, a Jersey City, N.J.-based a vendor of brokerage, tax reporting and wealth management applications software, and the Stevens Institute of Technology (SIT), a private research university in Hoboken, N.J., are now accepting applications for the 12-week Scivantage FinTech Incubator Program, aimed at discovering and assisting the next generation of financial technology entrepreneurs.
The incubator program intends to “get fin-tech entrepreneurs and existing start-ups from every sector within the back- middle- and front-office ecosystem involved,” according to a Scivantage spokesperson. A competitive process will bring entrepreneurs into the program.
Selected participants will receive up to $25,000 in seed capital; “premier office space” in Scivantage’s Jersey City office; sales, marketing and design support; mentorship from “a diverse group of seasoned FinTech executives and entrepreneurs” and Stevens faculty; and the opportunity to recruit top students and alumni from SIT, according to Scivantage.
The program is looking to empower “entrepreneurs and early-stage start-ups to develop dynamic and disruptive technology that will transform the financial services industry,” according to Scivantage. At the end of the program, the selected entrepreneurs will present at the Scivantage Incubator Demo Day.
“We are looking for creative, driven entrepreneurs and/or start-up companies that want to transform the FinTech industry,” Adnane Charchour, president and CEO of Scivantage, says in a prepared statement, in which the president of SIT, Dr. Nariman Farvardin, also points to the “extraordinary pool of local entrepreneurial talent in New York and New Jersey looking to gain a foothold in further developing their ideas.”
Applications for the program must be submitted by 5PM EDT on June 13, 2014, and pitch-day finalists will be selected on June 20, 2014. For more information, go to www.scivantageincubator.com.
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