Our new Thomson Reuters Labs™ – Cape Town launched today with two primary objectives: innovation and partnership.
Innovation will come through driving creative conversations with our customers and partners through open events and rapid prototyping. Partnership involves collaboration and co-creation with startups and other partners to put new technologies and business models into practice. The Labs provide capabilities across the many disciplines that constitute data science and deliver tools, analyses, dashboards, visualizations and proof-of-concept applications.
Our new Lab will have a presence at Bandwidth Barn, a vibrant technology-centered community in the heart of the region’s startup ecosystem.
“Africa is such an exciting growth market for Thomson Reuters. We are looking forward to bringing the unique voice of our African customer to our innovation efforts,” Saidah Nash Carter, senior vice president & Head of Innovation – Africa.
Africa Startups Challenge winner – FarmDrive
Africa is a large continent full of emerging markets and exciting startups leveraging new technology and new business models to leap-frog the current players. The Africa Startups Challenge asked our employee crowd to help find the best and brightest startups from this vast African startup landscape.
Using smart data tools, teams from across Thomson Reuters have developed sophisticated assessment models to identify Africa’s up and coming ventures on VC4A.com (Venture capital for Africa). There were more than 500 startups that participated in the challenge. Check out the finalists identified by the Thomson Reuters Africa Startups Challenge teams.
One of the local startups working within the Labs – Cape Town ecosystem will be celebrated as the winner at the 2016 Thomson Reuters Africa Summit. FarmDrive provides financial innovation for smallholder farms by unlocking access to credit for them. This mobile tech, agri-tech startup aligns with our bankable farmer initiative. The Bankable Farmer project sets out to create credit risk profiles for smallholder farmers through partnerships with farming cooperatives, banks, nongovernmental organizations and mobile startups.