Thomson Reuters and the University of Waterloo are joining forces to fuel breakthroughs in data science and hope to develop the next generation of global entrepreneurial leaders.
The collaboration is valued at over $20 million over five years and will include the establishment of the Thomson Reuters-funded Research Chair in Data Cleaning from Theory to Practice. In addition, Thomson Reuters will provide students and researchers at the Faculty of Mathematics and the School of Accounting and Finance at Waterloo with access to Thomson Reuters Eikon, a next-generation solution for consuming real-time and historical data, enabling financial markets transactions and connecting with the financial markets community.
There will also be the creation of the Problem Lab, a program to be run by Larry Smith, author and adjunct associate professor with the Department of Economics and the Conrad Centre at Waterloo, which will help students find and understand important problems—the critical, but often overlooked, first step of entrepreneurial innovation.
“We are proud to further our commitment to fostering Canadian innovation,” said Jim Smith, president and chief executive officer of Thomson Reuters. “Together with the University of Waterloo, we can empower the next generation of technology leaders with the tools and content they need to solve big data challenges with real-world applications.”
“Thomson Reuters and the University of Waterloo are teaming up to support Canada’s global competitiveness as a leader in the knowledge-and-technology economy,” said Feridun Hamdullahpur, president and vice-chancellor of Waterloo. “Our organizations are united in our commitment to producing talent and technology to help realize the best possibilities of the Information Age.”