SAN DIEGO--(BUSINESS WIRE)--The University of California San Diego’s Rady School of Management (Rady) and EvoNexus, Southern California’s leading technology startup incubator, have partnered to launch a program to create a new generation of FinTech startups. The partnership leverages a recent strategic corporate alliance created by EvoNexus, Royal Bank of Canada (RBC) and Franklin Templeton (FT) to launch Southern California’s first purpose built FinTech Incubator. EvoNexus has begun an application round for FinTech startups. The new partnership with UCSD Rady will accelerate the development of new FinTech business solutions and the technology created by its students and alumnae.
EvoNexus, FT and RBC are focused on discovering and admitting FinTech startups in technology areas that include artificial intelligence/machine learning, bank/wealth/payment technology, capital markets technology, cybersecurity, blockchain, mobile payments, P2P lending, digital cash, InsurTech, RegTech, data science and predictive behavior analytics. FinTech startups admitted to the program will benefit from new, fully furnished incubator facility provided through the EvoNexus, FT and RBC collaboration. The FinTech incubator benefits from a well-established EvoNexus startup program with a proven success record.
“Since the creation of EvoNexus in 2010, 19 companies have been launched with founding teams from UCSD through the EvoNexus incubation program,” said Rory Moore, Co-Founder and CEO of EvoNexus. “Four companies came from Rady – and all four are successful. The success rate of ventures from UCSD is stunning. Only one has failed! The Rady / EvoNexus FinTech partnership formalizes a relationship that has existed for years and creates a permanent path for future startups.”
“This continued extraordinary partnership of the Rady School with EvoNexus will focus on several mutually strong areas of interest,” said Robert S. Sullivan, Ph.D. and founding Dean of the Rady School of Management at UC San Diego. “They include analytics and data science, finance, and of course innovation. When all come together, there will be catalytic, exciting new entrepreneurial opportunities.”
About the Rady School of Management at UC San Diego
The Rady School of Management at UC San Diego is a business school that develops ethical and entrepreneurial leaders who make a positive impact in the world through innovation, collaboration and knowledge. The Rady School offers a Full-Time MBA program, a FlexMBA program for working professionals, a Ph.D. program, a Master of Finance program, a Master of Science in Business Analytics program, a Master of Professional Accountancy program, Executive Education and undergraduate courses. To find out more about the Rady School visit www.rady.ucsd.edu.
EvoNexus is Southern California’s leading startup incubator with locations in San Diego and Irvine. We enable motivated entrepreneurs to turn their transformative technologies into fundable, commercially-viable companies. Since 2010, $1.7B in funding and acquisition outcomes have been achieved by EvoNexus startups. A total of 26 EvoNexus startups have been acquired since 2013. EvoNexus is supported by corporate investors, including some of the largest multinational corporations in the world. Its companies enjoy incubation of up to two years in Class A offices and dry lab spaces. For more information about EvoNexus visit evonexus.org.