(Photo by Holly Quinn)
University of Delaware’s Science Technology and Advanced Research (STAR) Campus continues to grow: The university has announced that it is partnering with Delaware Technology Park (DTP) and Discover Bank to construct of a new building that will be devoted to fintech.
The $38 million project will be a six-story, 100,000-square-foot structure with a planned opening in 2021.
According to the UD, the building will house:
- Spaces for startups, managed by Delaware Technology Park — and tenants will have onsite access to business development resources and technical assistance
- Labs and centers associated with UD’s College of Engineering and Alfred Lerner College of Business and Economics, which will be used for topics such as such as financial analytics, cybersecurity, human-machine learning and data analysis
- UD’s Office of Economic Innovation and Partnerships (OEIP), which will relocate its offices from the Delaware Technology Park
- Delaware Small Business Development Center, which will offer assistance to OEIP’s Spin In program connecting UD undergraduate students with community entrepreneurs and early-stage startups
“Working with DTP and Discover to strengthen Delaware’s growing fintech sector, the University of Delaware is proud to participate in this public-private partnership, continuing development of knowledge and innovations that help drive our state’s economy,” said UD President Dennis Assanis in a press statement. “Our University is a national leader in finance, technology and entrepreneurship, so combining our expertise and resources in these complementary fields will yield exciting opportunities for our students and faculty with meaningful impact on society.”
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