The University of Utah announced Monday that it will launch a new financial technology center on campus in partnership with the private Stena Foundation and its founders, Steve and Jana Smith.
The foundation has “orchestrated,” the university said, funds of up to $65 million over 10 years to support the Stena Center for Financial Technology, which will include laboratories, a start-up incubator, venture funds and new degree and certificate programs. Reinvestments from the venture funds are expected to continue funding the center in perpetuity, according to a press release.
