PriyaPatel
TLDR:
- New Jersey Economic Development Authority (NJEDA) and Governor Murphy announce the launch of the New Jersey Fintech Accelerator at Stevens Institute of Technology.
- The accelerator will serve as a hub for financial technology and insurance technology startups.
On May 7, 2024, Governor Phil Murphy, along with NJEDA Executive Director Tim Sullivan and other officials, announced the launch of the New Jersey Fintech Accelerator at Stevens Institute of Technology. This accelerator, known as NJ FAST, will function as a central location for startups in the financial technology and insurance technology sectors.
The program was introduced in order to support and foster innovation in the fintech industry within the state of New Jersey. The goal of NJ FAST is to provide resources, mentorship, and opportunities for startups to grow and thrive in a collaborative and supportive environment. Stevens Institute of Technology will play a crucial role in hosting and facilitating the accelerator program.
During the announcement event, various speakers including Governor Murphy, NJEDA Executive Director Sullivan, and Plug and Play Founder and CEO Saeed Amidi, highlighted the importance of the fintech industry and the potential for growth and development in New Jersey. Stevens President Nariman Farvardin also expressed enthusiasm for the partnership and the opportunities it will bring to the local economy.
In conclusion, the launch of the New Jersey Fintech Accelerator program represents a significant step towards fostering innovation and entrepreneurship in the financial technology and insurance technology sectors in New Jersey. With the support of key stakeholders and the resources provided by the accelerator, startups in these industries will have the opportunity to thrive and make a positive impact on the local economy.
