US-based financial application developer Scivantage and private research university Stevens Institute of Technology have joined to launch the Scivantage FinTech Incubator Program, an initiative that aims to help entrepreneurs and early-stage startups.
The incubator will run a 12-week programme where participants will work on developing technology aimed at the financial services market. At the end of the incubator, the participants will present their work to executives and investors.
Adnane Charchour, chief executive of Scivantage, said: “We are looking for creative, driven entrepreneurs or startup companies that want to transform the fintech industry. This programme is an exciting way for financial technology entrepreneurs to leverage our years of successful experience, world-class technology platform and growing base of financial services customers in order to bring ideas to market.”
In October 2006 Scivantage raised $6.7m in series C funding from investment company Edison Ventures, after raising $28m in December 2010 from The Provident Bank and Brown Brothers Harriman.