Data and News Giant Thomson Reuters Launches Startup Incubator At Zurich Campus
News and data giant Thomson Reuters has parlayed their commitment to startups and innovation with the launch of, Thomson Reuters Labs™ The Incubator. The hybrid model incubator is being housed at the company’s Zurich campus.
Thomson Reuters is specifically looking for companies innovating in the world of big data, advanced analytics, distributed ledgers, artificial intelligence, machine learning, and “other transformational technologies”. Startups will receive access to Thomson Reuters world class data and content sets along with mentoring from experienced executives within the Thomson Reuters company and it’s network of corporate clients.
The Incubator is the center piece in the companies growing strategy to spur innovation. The Thomson Reuters Labs Network has locations across the globe, aligned with their global offices. They collaborate with startups, universities and other businesses to rapidly prototype and validate solutions using data science and lean experimentation to develop products and solutions to quickly meet evolving market demand.
“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.” Mona Vernon, Chief Technology Officer for Thomson Reuters Labs said in a statement.
Startups that are selected for the incubator will receive:
- Office space
- data and tools
- introductions to customers and network partners
- partner resources
So far two startups have been selected for the prestigious incubator:
- 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.
The company plans on adding more startups to the six month long program. Interested startups can apply here.