FinTech Sandbox added State Street to the list of firms, including Fidelity Investments, F-Prime Capital, Thomson Reuters, Silicon Valley Bank, Amazon Web Services, Intel, SIX Financial Information, Goodwin Procter and .406 Ventures, sponsoring the Boston-based nonprofit.

FinTech Sandbox facilitates innovation by making data and infrastructure available to innovative fintech startups for free at the point when access is most impactful. Sandbox residents, in return, are expected to collaborate with each other, sharing learnings and advancements that benefit the fintech ecosystem. Participants pay no fees and no equity is taken.

Sponsors gain access to fintech innovation in real-time, observe activity on the cutting-edge of technology and learn more about the startup process. This informs corporate innovation strategies while avoiding the costs associated with running internally operated accelerators.

Sponsorship allows teams to engage with Sandbox residents before competitors hear of them, in a focused and successful way.

Jean Donnelly, executive director of FinTech Sandbox, said, “We are very pleased to announce this expanded relationship with State Street, which will help us fulfill our goal of enabling fintech startups to build great products. I know our residents will benefit from greater interaction with State Street.”

FinTech Sandbox offers data from 24 data partners, infrastructure from three partners and works with 10 accelerator programs. More than 50 startups from around the world have been accepted as residents in the 18 months since FinTech Sandbox launched. Early residents include Kensho, Quantopian, Elsen and Prophis Technologies.

On November 1, FinTech Sandbox will host Demo Day 3.0 at Hatch Fenway in Boston.