Thomson Reuters announced today the launch of Thomson Reuters Labs - The Incubator. With its new programme, Thomson Reuters will assist entrepreneurs realise their business ideas in big data, advanced analytics, distributed ledgers, artificial intelligence, machine learning and other transformational technologies. Early-stage start-ups selected to the incubator will receive access to Thomson Reuters data and content sets, as well as mentoring and networking opportunities to find new investors.
The new incubator marks the next stage of development in the Thomson Reuters Labs. Its labs are located in innovation centres around the world and collaborate with universities and start-ups to rapidly prototype and bring new ideas to the market.
Thomson Reuters itself benefits from access to the new ideas. “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,” said Måns Olof-Ors, Head of Thomson Reuters Labs Zurich Region and the Incubator
Two fintech companies have already enrolled in the incubator. The first is the Zug-based Open Mineral AG, which has developed a platform that directly connects mines and smelters of physical commodities such as copper, zinc and lead, thus increasing transparency and lowering fees. The second is the Zurich-based start-up WealthArc, a cloud-based Software-as-a-Service (SaaS) platform for the USD 120 trillion investment management industry. It offers digital client interaction and real-time new generation investment management for family offices, wealth managers and private banks.