September 16, 2015
Thomson Reuters to launch data and innovation lab in Waterloo, Ontario
NEW YORK – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the establishment of Thomson Reuters Labs™ – Waterloo Region, in Ontario, Canada. The Lab will see Thomson Reuters engage with the region’s vibrant innovation ecosystem and its dynamic startup community, world-class university and culture of industry collaboration.
Thomson Reuters Labs™ – Waterloo Region 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, an industry-led innovation centre of nearly 1,000 companies at the heart of the Waterloo innovation and technology community. Thomson Reuters will also be partnering with the University of Waterloo, which has been named the most innovative university in Canada and has one the world’s largest concentrations of mathematical and computer science talent. 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, a Thomson Reuters-sponsored event which brings together the startup and investment communities in the Waterloo region. Techtoberfest runs from October 13-14, 2015.
To learn more about Thomson Reuters Labs, and data innovation at the company, visit labs.thomsonreuters.com.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.