Thomson Reuters Launches Blockchain Startup Incubator

In a recent press release, Thomson Reuters, the behemoth news and information company, announced the formation of a new startup tech incubator designed to help facilitate up and coming technological innovation including Blockchain.

The new forum, termed Incubator Labs, offers startups in various fields access to free resources like office space, Amazon web services and mentorship at a number of locations.

The press release stated that “the Incubator will host early-stage entrepreneurs building next-generation products in big data, advanced analytics, distributed ledgers, artificial intelligence, machine learning and other transformational technologies.”

No surprise for Reuters

The inclusion of Blockchain technology should be no surprise to those who follow Reuters since the company has already shown substantial interest. CTO Mona Vernon said,

“Partnering with startups and other market disruptors is essential for us to be agile and responsive to our customers. The Incubator will become an essential part of our corporate strategy to drive organic growth through innovation.”

Two companies have already joined – Open Mineral and WealthArc – both startups with a tech twist. The application process is relatively complex, but other distributed ledger-based companies will no doubt join the Incubator in the coming months as the world begins to embrace the benefits of Blockchain technology.