ZURICH, July 5, 2017 /PRNewswire/ -- Thomson Reuters today
announced the launch of Thomson Reuters Labs™ – The Incubator. Located in Switzerland, the
Incubator will host early-stage entrepreneurs building next-generation products in big data, advanced analytics, distributed
ledgers, artificial intelligence, machine learning and other transformational technologies. As part of the official
program, startups will receive access to Thomson Reuters world-class data and content sets, mentoring from experienced executives
and networking opportunities for investment and commercialization.
The Incubator is the next horizon of the company's significant investment in the Thomson Reuters Labs network. With
locations in innovation ecosystems around the globe, the Innovation Labs collaborate with customers, universities and startups to
rapidly prototype and validate solutions using data science and lean experimentation to develop products and solutions to quickly
meet evolving market demand.
Mona Vernon,
Chief Technology Officer for Thomson Reuters Labs, commented, "Technology is evolving at an unprecedented rate and corporations
need to keep pace. Partnering with startups and other market disruptors is essential for us to be agile and responsive to
our customers. The Incubator will become an essential part of our corporate strategy to drive organic growth through
innovation."
The Incubator has officially enrolled two startups focused on Fintech.
- Open Mineral is an early stage Swiss start-up disrupting the commodities market. The team has developed a multi-sided
platform which will directly connect the mines and smelters of physical commodities such as copper, zinc and lead, increasing
transparency and lowering fees.
- WealthArc is a cloud-based Software-as-a-Service (SaaS) platform for the $120 trillion
investment management industry offering digital client interaction and real-time new generation investment management for
family offices, wealth managers and private banks. The platform handles the integration of data, consolidation of assets and
digital reporting as well as a robo-advisor offering to clients.
Måns Olof-Ors, Head of Thomson Reuters Labs – Zurich Region and the Incubator added, "Our ultimate goal is to help our
entrepreneurs realize their vision and get their solutions to market. In turn, we gain valuable insight, working with creative
disruptors to identify new opportunities and ensure we are providing our clients with the most up to date trends impacting their
professional markets.
The team is currently reviewing a pipeline of additional applicants for the six month program. Applications can be submitted
direct through the online website here.
Thomson Reuters
Thomson Reuters is the world's leading source of news and information for professional markets. Our customers rely on
us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more
than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and
New York Stock Exchanges (symbol: TRI). For more information, visit www.thomsonreuters.com.
Contacts
Noelle Campbell
Senior Director, Corporate Affairs
Thomson Reuters
Email: noelle.campbell@thomsonreuters.com
Phone: 646-223-4558
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