HOBOKEN, New Jersey, December 31, 2024 /PRNewswire/ — Plug and Play, the leading global innovation platform, has concluded its first cohort, graduating 14 startups for its newest program, the New Jersey Fintech Accelerator at Stevens Institute of Technology powered by Plug and Play (NJ FAST).
Earlier this year, Plug and Play and its founding partners, the New Jersey Economic Development Authority (NJEDA), Prudential Financial and the Stevens Institute of Technology, announced the creation of NJ FAST.
“Over the past seven years, we have transformed from New Jersey innovation economy, firmly positioning our state as a national leader in this area and cementing our reputation as the best place for entrepreneurs to start and grow their businesses. Thanks to NJ FAST and our partnerships with Plug and Play, Stevens Institute of Technologyand Prudential, we empower emerging fintech leaders to advance their cutting-edge ideas right here, in New Jersey. I look forward to seeing what the first cohort of this program accomplishes in the years to come,” the governor said Phil Murphy.
Building on this foundation, NJ FAST will build on from New Jersey long-standing legacy as a leader in the financial industry. With a specific focus on fintech, NJ FAST aims to support the growth of innovative companies and create new career opportunities, expanding even further from New Jersey influence in the national finance and fintech sectors.
“NJ FAST will have a long-term impact on the entrepreneurial ecosystem of New Jerseycreating a legacy of success and innovation within the financial services industry for years to come,” said Said Amidifounder and CEO of Plug and Play. “This initiative aims to integrate a culture of innovation into New Jerseyand beyond, with startups that we believe can change the world. »
NJ FAST is designed to provide entrepreneurs with a platform to drive innovation across the state of New Jersey. Selected startups will benefit from mentorship, funding resources and collaboration opportunities with industry experts. As part of the program, startups will have access to Plug and Play’s extensive network of corporate, government, investor and academic partners, providing them with invaluable insights, support and potential strategic partnerships.
“Since taking office, Governor Murphy has prioritized growth from New Jersey the innovation economy by ensuring that the companies of the future have access to world-class resources and support,” said the CEO of NJEDA. Tim Sullivan. “Through NJEDA’s Strategic Innovation Centers initiative, centers like NJFAST work to empower startups to develop cutting-edge technologies that create jobs, support long-term sustainable economic growth, and attract world-class talent. testimony to the success of the initiative promoting innovation and solidifying from New Jersey leading role in fintech and insurtech. »
Plug and Play accepts applications for batch 2 of NJ FAST until January 6th2025.
The first batch of NJ FAST is made up of the following startups:
DIRO is the first original document capture platform to offer complete global coverage.
Physical Investments leverages AI and its proprietary internal database of over 176 million data points to generate sustainability insights through a SaaS platform and an AI-driven generative chatbot.
ROTATION Analytics brings digital transformation in credit risk management by leveraging predictive analytics, AI and ML techniques on Big Data.
Balcony Technology Group leverages distributed ledger technology to provide the real estate ecosystem with a blockchain-based solution to improve security, automation, transparency, integration and interoperability.
Intergen DATA Develops proprietary AI/ML algorithms to predict when life events might occur, what they might be, and what financial impact it would have.
Muse tax is an AI-powered tool that finds all tax deductions and credits for you, showing you ways to save taxes.
Multimodal automate complex knowledge-based workflows in banking, insurance and healthcare using generative AI agents.
bckers is an AI and Fintech information services company specializing in providing data and analytical tools to assess and score the performance, integrity and risks of organizations and teams.
Hydronos Laboratories transforming access to comprehensive weather and climate risk assessment, planning and mitigation capabilities in an ever-changing climate, providing the latest scientific knowledge in an easy-to-digest and cost-effective manner.
LexFund is the leading U.S. marketplace for the multi-billion dollar litigation finance industry.
Synthera.ai generate yield curves, stock prices, exchange rates and more using cutting-edge generative AI, allowing investors to test their portfolios on thousands of never-before-seen market scenarios and unlock new information previously inaccessible.
Mobysign is a mobile application that provides strong authentication for payments, logins, document signings and any transaction.
CurraPay built the Reservation.com of the international money transfer market.
Accern The NoCodeNLP platform enables citizen data scientists to extract quick and easy insights from unstructured data.
For more information about NJ FAST, visit https://www.plugandplaytechcenter.com/plug-and-play/innovation-services/our-programs/nj-fast.
About Plug and Play
Plug and Play is the leading innovation platform connecting startups, enterprises, venture capitalists, universities and government agencies. Headquartered in Silicon Valley, we operate in more than 60 locations across five continents. We deliver corporate innovation programs and support our partner companies at every stage of their innovation journey, from training to execution. We also run startup accelerator programs and have created internal venture capital to drive innovation in several industries where we have invested in hundreds of successful companies, including Dropbox, Guardant Health, Honey, Lending Club, N26 , PayPal and Rappi. For more information, visit https://www.plugandplaytechcenter.com/
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