Stevens, Rensselaer to establish first NSF-backed FinTech Research Center July 12, 2021
9:33 pm
Stevens Institute of Technology and Rensselaer Polytechnic Institute announced July 12 that they were awarded the first-ever National Science Foundation grant to create an industry-university cooperative research center devoted specifically to financial technology and science.
Stevens and Rensselaer will bring together industry and academic partners, and policymakers involved in high-impact research efforts, to conduct research that is relevant and has potential for commercialization.
The Center for Research toward Advancing Financial Technologies, or CRAFT, is expected to receive approximately $1 million in funding in the initial year of operation, with $300,000 provided by the NSF annually over the five-year grant period, and the remainder funded by its industry members. Stevens will serve as the administrative lead institution in compliance with NSF’s newly-issued rules of des
Stevens, RPI will create fintech center: Grant, industry funding to support endeavor
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Rensselaer Polytechnic Institute and Stevens Institute of Technology To Establish First-Ever NSF-Backed Fintech Research Center
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