Thomson Reuters launches Waterloo innovation lab

Shared on October 13, 2015 by The Globe and Mail

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.

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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.

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