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NJ FAST Fintech Accelerator

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Key numbers

Funding range

$1,000,000

Equity

Equity

Varies by investment

Application

Semi Annual

External

Last activity

2026

High confidence

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NJ FAST Fintech Accelerator

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NJ FAST Fintech Accelerator

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    Program details

    NJ FAST Fintech Accelerator

    Program Type

    accelerator

    Institutional Scope

    New Jersey, hosted at Stevens Institute of Technology, Hoboken. Operates as the 4th NJ Strategic Innovation Center (SIC). Open to global startups.

    Description

    State-designated fintech and insuretech accelerator hosted by Stevens in partnership with NJEDA, Prudential Financial, and Plug and Play. Two cohorts per year (fall and spring), each with 10-15 startups. Provides a three-month curriculum of weekly mentorship, business model refinement, pitch polishing, and concludes with a graduation expo. Stevens students serve as embedded interns. Equity investments of up to $1 million are made in at least 15% of participating companies. NJEDA committed up to $17.5 million (pending board approval). The portfolio includes 17+ current companies (Squirro, Venteur, DeepKeep, Cranium, and others).

    Key Details

    Detail Value
    Launched 2024 (first cohort fall 2024)
    Partners NJEDA, Prudential Financial, Plug and Play
    Cohorts per year 2 (fall, spring)
    Startups per cohort 10-15
    Equity investments Up to $1M in ~15% of companies
    NJEDA commitment Up to $17.5M
    Current portfolio 17+ companies
    Format 3-month curriculum + graduation expo

    Resources Provided

    • Equity investment (up to $1M)
    • Weekly mentorship sessions
    • Business model refinement
    • Pitch polishing and investor prep
    • Stevens student interns
    • Access to Plug and Play network
    • State-of-the-art facilities

    Funding Details

    Equity investments up to $1 million in at least 15% of participating companies. $17.5M NJEDA commitment.

    Curriculum / Structure

    3 months per cohort: weekly mentorship → business model refinement → pitch polishing → graduation expo at Prudential headquarters.

    Eligibility

    Early-stage fintech and insuretech startups. Recruited globally; at least 20% from New Jersey. Strong DEI focus.

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