Thomson Reuters today announced the establishment of an innovation lab in Waterloo at Communitech.
Thomson Reuters Labs – Waterloo will see Thomson Reuters engage with the region’s innovation ecosystem and its startup community, world-class university and culture of industry collaboration.
Thomson Reuters Labs – Waterloo has two primary objectives: innovation and partnership.
Innovation will come through applied research and experimentation on Thomson Reuters vast and unique data sets, helping to produce solutions for Thomson Reuters customers.
Partnership involves collaboration with academics, students and startups to put new technologies into practice, and meeting the business challenges faced by Thomson Reuters customers.
“Thomson Reuters Labs will be an engine of innovation for our company, bringing together our unrivalled information assets and industry expertise with experts who can help make those assets increasingly actionable for our customers,” said Jim Smith, Chief Executive Officer, Thomson Reuters.
“We are delighted to partner with the Waterloo community, leveraging our heritage as one of Canada’s leading companies in the preeminent hub of Canadian innovation.”
The Lab will have a presence at Communitech and Thomson Reuters will also be partnering with the University of Waterloo. This partnership will create opportunities for research, student innovation and startup projects, entrepreneurial contests and mentoring.
“Thomson Reuters Labs will give Waterloo Region startups a chance to partner with one of the leading sources of professional information in the world,” said Iain Klugman, President and CEO of Communitech. “It will also provide Thomson Reuters new insights into how these data sets can be used in rapidly changing markets.”
“We are excited to be working with Thomson Reuters on real enterprise data curation challenges. This partnership demonstrates Thomson Reuters understanding of how university researchers can contribute to, and benefit from, research collaboration,” explained Vic DiCiccio, Director of the University of Waterloo’s Institute for Computer Research.
The Lab will officially launch at Techtoberfest in October.