Scottrade said it will help sponsor startups at the Scivantage FinTech Incubator Program with financial backing, guidance and insight. No details were provided.
SCOTTRADE SIGNS ON AS SPONSOR OF SCIVANTAGE FINTECH INCUBATOR PROGRAM
– Sponsorship to provide support, insight and advice for entrepreneurs and start-ups to accelerate financial technology innovation
JERSEY CITY, NJ – July 28, 2014 – Scivantage®, a Global FinTech 100 technology provider of information-enabled software dedicated to transforming complex information and processes into intuitive user experiences for the financial services industry, announced today a sponsorship by Scottrade, Inc., a leading investing services company, in support of theScivantage FinTech Incubator Program. Scottrade’s sponsorship will aid the program by providing participating entrepreneurs and start-ups with the financial backing, guidance and insight to foster dynamic and disruptive technology that will transform the financial services industry.
“At Scottrade we understand that technology is a key component to a quality client experience, and as a natural extension of our commitment to fostering innovation, we are encouraging the development of new ideas through our support of the Scivantage FinTech Incubator Program,” said Ian Patterson, chief information officer and executive director of information technology at Scottrade. “As a company founded by an entrepreneur nearly 35 years ago, we are glad to be able to promote young entrepreneurs through our role with the Scivantage FinTech Incubator Program.”
“Scivantage has developed the Incubator program to enable entrepreneurs and start-ups to turn their ideas into companies that ultimately become the pioneers of tomorrow’s financial technology,” said Adnane Charchour, President and CEO of Scivantage. “We are delighted to have the support of Scottrade, as one of today’s leading investment firms in promoting innovation in this space. Scottrade has a rich history of assisting similar initiatives, both internally and externally, and we could not be more excited to have the firm lend its experience to our program.”
The Scivantage FinTech Incubator Program aims to support and accelerate the launch of next generation financial technology products, enabling entrepreneurs and early-stage startups to drive a new era of financial services innovation. At the end of the 12-week Incubator Program, each of the selected entrepreneurs will present at the Scivantage Incubator Demo Day, where leading FinTech executives and investors will be in attendance.
Through a competitive process, promising entrepreneurs will be selected to participate in the incubator program during each cycle, with each receiving:
· An investment of up to $25,000 in seed capital
· Premier office space in Scivantage’s Jersey City, N.J., office
· Sales, marketing and design support
· Mentorship from a diverse group of seasoned FinTech executives and entrepreneurs and Stevens faculty
· The opportunity to recruit top students and alumni from Stevens Institute of Technology
The application period is now closed and the program will begin July 30, 2014. Learn more about this program at www.scivantageincubator.com.
ABOUT SCOTTRADE, INC.
A leading investing services company founded in 1980, Scottrade’s mission is to improve lives by helping people overcome barriers to financial success. Through a large, nationwide branch network, Scottrade partners with millions of clients, offering them the solutions and support they need to take control of their long-term investing and trading needs. To learn more about the company awarded “Highest in Investor Satisfaction With Self-Directed Services” in the J.D. Power 2014 U.S. Self-Directed Investor Satisfaction StudySM, visitabout.scottrade.com, www.scottrade.com or talk to us via social media. Member FINRA/SIPC.
ABOUT SCIVANTAGE FINTECH INCUBATOR
The Scivantage FinTech Incubator, offered in collaboration with Stevens Institute of Technology, is a rolling 12-week program that empowers entrepreneurs and early-stage startups to develop dynamic and disruptive technology that will transform the Financial Services industry. The program aims to support and accelerate the launch of next generation products, bringing important ideas to market. For more information, visitwww.ScivantageIncubator.com.
Scivantage® is a Global FinTech 100 technology provider of information-enabled software dedicated to transforming complex information and processes into intuitive user experiencesfor the financial services industry. With proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications, Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping improve investment decisions. Leading financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers, depend on Scivantage’s cloud-based technology to achieve critical business insights, generate new revenue and build stronger customer relationships. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.