Tech startups are all the rage currently. And, they have all the justifications to do so as the world prepares for another wave of disruption. Across the Asia-Pacific, startups have engulfed Fin-tech, healthcare, rapid design & manufacturing, transportation, food and consumables, communication, Business Intelligence, analytics, Machine Learning, Artificial Intelligence, etc. Every successful product or service comes with a promise to solve an existing tedious domain challenge. Imagine how many such challenges can be solved to make this world a better place if more and more deserving startups were given a chance?
This is what Thomson Reuter’s IGNITE is promoting, supporting, and accelerating.
For tech startups operating in the domains pertaining to AI/Machine Learning, Natural Language Processing, Distributed Ledger technologies or Data Analytics, the TR Ignite program is nothing short of a golden opportunity.
What is TR Ignite?
Thomson Reuters (News - Alert) is currently looking to partner with tech-startups operating in the above-mentioned spaces. It is an incubation program where the selected startups will be able to;
- Secure series-A funding of $250,000
- Access Thomson (News - Alert) Reuter’s Global Customer footprint
- Access global market insights, TR’s business intelligence for growth
- Opportunity to join Asia’s first legal-tech accelerator
If you think your startup falls into the above categories of the mentioned domains, you can apply for this incubation program. Below are the pre-requisites of eligibility to enter the program for selection. Take a look;
- The startup should be an early stage tech-startup to qualify for Pre-series A funding
- The company has been formed in the last 5-years
- The startup’s alignment is with legal or regulatory industries
- A working prototype is preferable, or the startup should be close to present an MVP
- The startup should be funded for at least next 6-months
- Technology: Thomson Reuters (News - Alert) is interested in a wide range of technologies that could enhance legal and regulatory work, however favorability will be given to individual items or combinations listed below:
- Artificial intelligence – machine learning, NLP, expert systems, planning/scheduling algorithms applied to legal data and task flows
- Distributed ledger technologies – particularly related to business of law activities including client engagement and retention and/or payment for legal services
- Big data – technologies for ingestion, abstraction, learning, characterisation and evaluation where you can evidence data at scale issues impacting legal practice; technologies for improving the pace of decision making, risk and opportunity assessment in legal practice
- Advanced analytics – applied to data used in practice and business applications by lawyers and their clients
- Concepts and solutions which can leverage Thomson Reuters data and existing solutions
The bottom line is that this program can uplift the next-big-what created by you to the deserving heights. Don’t miss out on the applications for which the last date of application is 11:59 pm, 16 August 2019 (Singapore Time). Good luck!