Making External Data Liquid
Thomson Reuters Corp. is looking to tap the Waterloo, Ont., startup culture to fuel a new wave of product innovation and problem solving.
The global information giant formally launched an innovation lab housed at early-stage incubator Communitech on Tuesday, promising to make the Canadian high-tech hub a key part of its investment in new ideas.
For years, the company has looked to scale up its collaboration with startup businesses, which had been mostly limited to one-off ventures. Now, Thomson Reuters wants to create a more organized pipeline connecting its data and software resources with new businesses, with clear terms and contracts set up in advance through Communitech.
The first partnership through the lab involves working with the company ThinkData Works to organize large amounts of open government data, which have historically been kept in a fragmented way, “to make it useful.”
Checkout the full article at The Globe and Mail.