NJEDA to Announce Fintech Innovation Hub at Stevens Institute of Technology

TRENTON, N.J. (May 6, 2024) - Tomorrow, Tuesday, May 7, 2024, the New Jersey Economic Development Authority (NJEDA) will announce the launch of the New Jersey Fintech Accelerator at Stevens Institute of Technology (NJ FAST), which will serve as a hub for financial technology and insurance technology startups. The NJEDA and Plug and Play have signed a non-binding letter of intent to form a limited partnership to establish NJ FAST, with Stevens and Prudential Financial serving as the academic and corporate partners, respectively. NJ FAST will be the state's fourth Strategic Innovation Center.

WHEN: Tuesday, May 7, 2024

11:00 a.m.

WHO: Governor Phil Murphy

NJEDA Chief Executive Officer Tim Sullivan

Stevens Institute of Technology President Nariman Farvardin

Plug and Play Founder & CEO Saeed Amidi

Prudential Financial Chief Information Officer, Head of Service & Technology Bob Bastian

WHERE: Stevens Institute of Technology

Babbio Center

525 River St.

Hoboken, N.J., 07030

PRESS: OPEN

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA onFacebook, Twitter, Instagram, and LinkedIn.

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