Printer Friendly

EvoNexus launches fintech incubator in collaboration with Royal Bank of Canada, Franklin Templeton.

INTERNET BUSINESS NEWS-(C)1995-2019 M2 COMMUNICATIONS

EvoNexus, Southern California's startup technology incubator, has announced it is opening the region's first financial technology (FinTech) incubator with strategic founding sponsors, Royal Bank of Canada (RBC) and Franklin Templeton, the company said.

The new incubator will serve as the premier SoCal center for FinTech innovation with startups focusing on technology areas that will impact financial services companies of all sizes and the customers they serve.

The areas of technology that they will focus on include: artificial intelligence/machine learning, bank/wealth/payment technology, capital markets technology, cybersecurity, blockchain, mobile payments, P2P lending, digital cash, InsurTech, RegTech, data science, predictive behavior analytics and key telecommunication enablers such as 5G, IoT and edge computing.

EvoNexus will take advantage of the unique systems and results driven incubation model it developed over the last eight years to attract, select and launch high quality startups in its emerging FinTech company portfolio. In addition to creating opportunities for entrepreneurs to develop their companies in the SoCal region, the Incubator portfolio companies are able to take advantage of the region's nationally ranked business schools and world class technology school talent and resources, bringing high value jobs to the area.

The incubator will leverage EvoNexus' world class domain expertise and operational experience, a network of global technology leaders that serve on its board and committees, and its strategic partners to prepare portfolio companies to go to market. As founding sponsors, RBC and Franklin Templeton are committed to a long-term partnership with EvoNexus.

The incubator is set to open its doors next month to a new 6,000 square foot Class A office space in San Diego provided by California's commercial real estate developer the Irvine company.

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering performance.

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over USD 714 billion in assets under management as of February 28, 2019. For more information, visit franklintempleton.com.

EvoNexus is Southern California's start-up incubator with locations in San Diego and Irvine. We enable motivated entrepreneurs to turn their transformative technologies into fundable, commercially viable companies. Since 2010, USD 1.6B in funding and acquisition outcomes have been achieved by EvoNexus start-ups. A total of 26 EvoNexus start-ups have been acquired since 2013. For more information, visit evonexus.org.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Internet Business News
Geographic Code:1U9CA
Date:Apr 16, 2019
Words:426
Previous Article:Datacenter Dynamics executive joins board at Datacenter People and Portman Partners.
Next Article:Avaya IX devices add support for SignalWire, Netsapiens UC software platforms.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters