Editors note: This story was originally published in @TheU.

By Rebecca Walsh—University of Utah communications

University of Utah President Taylor Randall announced a new donor initiative meant to supercharge the student entrepreneurial experience and Utah’s reputation for financial technology innovation and education.

The university, in partnership with the Stena Foundation and founders Steve and Jana Smith, will create the Stena Center for Financial Technology. The foundation has orchestrated total funds of up to $65 million over the next 10 years to support the center, including industry-sponsored labs, a start-up incubator, venture funds and fintech-focused degrees and certificates. Reinvestments from the venture funds are ultimately expected to fund the center in perpetuity.

Randall says pairing education with fintech is like putting chocolate with peanut butter—magic.

“The Stena Center for Financial Technology provides the ability to accelerate and incubate important advances in financial technology innovation and businesses that will continue to propel the fintech industry forward and cement Utah as a center of excellence,” Randall said. “This world-class center will leverage our unparalleled research and education with resources that provide critical hands-on experiences for students.”

The center will collaborate significantly with academic units on campus to develop programs and degrees, including the David Eccles School of Business, the John and Marcia Price College of Engineering and the S.J. Quinney College of Law, as well as the President’s Office. As part of the new financial technology center program, the university recently began offering a minor emphasis in fintech. Over the next four years, the U will also begin offering undergraduate and master’s degrees in fintech.