One of the largest payment processing companies in the world decided to set up shop in the University of CIncinnati's 1819 Innovation Hub, a decision driven by the company's need for access to talent.
The Cincinnati Business Courier reports that Worldpay Inc. (NYSE: WP) will move into a 2,700-square-foot space on the fourth floor of 1819, a space it plans to keep staffed with 15 or more fulltime employees. There, they will work together with UC students and faculty on financial technology applications.
The deal creates more opportunities to gain experience via cooperative education and the potential for employment after graduation. The reimagining of co-op and an emphasis on helping Bearcats graduate with a clear focus on cultivating their ideal future are key components of Next Lives Here, the university's strategic direction.
“If we are to educate students today, it has to be a model that is collaborative model with the folks who will employ them,” Pinto told Courier reporter Tom Demeropolis. “We could have a student exposed purely to the technology aspects who wouldn’t have any exposure to the real world, where it’s important to react quickly, to be resilient, change direction as necessary. That can be taught by people who are practicing, and so Worldpay is going to be a great partner in what I call that co-educational model for the workforce of the future.”
Read the Courier's full coverage of the UC-Worldpay deal.