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Stevens Institute of Technology in Hoboken.

(Journal file photo)

Stevens Institute of Technology is teaming up with one of the tech industry's leading providers to financial service companies and launching a new program to help entrepreneurs and early-stage startups bring their ideas to the next level.

The Hoboken-based university is partnering with financial technology provider Scivantage -- a "FinTech 100" company -- to create a 12-week rolling "Scivantage FinTech Incubator Program."

Promising entrepreneurs will be selected to participate in the incubator program, with each receiving an investment of up to $25,000 in seed capital, office space in Scivantage’s Jersey City office, sales, marketing and design support, as well as mentorship from "FinTech" executives, entrepreneurs and Stevens faculty.

Scivantage provides the financial services industry with information-enabled software dedicated to transforming complex information and processes into intuitive user experiences. It is currently ranked in the FinTech 100, an annual list of the top technology providers to financial services companies worldwide.

At the end of the 12-week program, participants will have the opportunity to present at the Scivantage Incubator Demo Day, which will be attended by leading financial technology executives and investors.

Stevens students, faculty and alumni are encouraged to participate.

Interested applicants can apply online by clicking here.

The deadline for applications is 5 p.m. July 3.