The New Jersey Economic Development Authority and Gov. Phil Murphy announced Tuesday 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.
