The competitive corporate world is quite fierce which poses one of the major challenges for the survival of startup businesses. In order to cope up with the intensely competitive environment, it is mandatory for the startups to play aggressively to get there and gain the much required recognition amongst the multitudes of challenging and expanding businesses.
Getting into any kind of partnership would certainly result into great dividends for the startups. However, they need to consider several factors before making any decision to collaborate with another gigantic business firm working along the similar lines. The startup businesses need to look for organizations with a significant presence within the market, to earn the maximum benefits out of a partnership.
With an objective to support the emerging startups, Thomson Reuters is on it’s way to incubate technology startups in the Asia-Pacific region through TR Ignite, helping them benefit through a diverse group of mentors, free office space in the Lab, easy access to the data and tools, customer network, investor circle and so much more. It considerably emphasizes on the RegTech, LegalTech, TaxTech and NewsTech.
About TR Ignite
It is a great prospect for startups in Asia-Pacific to effectively tap into Thomson Reuters technology innovators, deep industry insights and extensive market reach via a tailored partnership programme.
If you are all set to take the next step in realising your ultimate vision in collaboration with the leading providers of solutions to the legal and regulatory industries, TR Ignite is the road ahead.
Reasons To Go For It
This would essentially be a strategic partnership to take you to the higher levels and provide an opportunity to pitch for an investment of up to US $250,000. You would have comprehensive access to the global customer footprint, partner resources (AWS/Oracle credits), and Thomson Reuters technology, data, access some of their proprietary content and technology sandbox, avail hands-on advice from a diverse network of industry insiders, technology leaders and business experts and benefit through Innovation Labs mentorship. Also, it may lead to participation in co-creation initiatives with Thomson Reuters, academia, customers, and other startups.
It is not merely a chance at acquiring required funds for the qualifying startups rather a means to secure partnership with a firm with over 150 years of business experience in navigating through legal, regulatory, and complex ecosystems and delivering solutions designed to solve business and workflow challenges lawyers face.
What is The Requisite Criteria For Competition?
It is compulsory to be a founder of an early stage technology startup (pre-series A funding). The organization should have been created in the last 5 years and must have compulsorily alignment to the legal or regulatory industries. It is also important to have a prototype ready for demo, or at least must be working towards a prototype and the startup must be funded for the next 6 months (minimum). Though Thomson Reuters is generally interested in technologies that can accelerate legal and regulatory work, yet preference shall be given to the Artificial intelligence, Distributed ledger technologies, Advanced analytics etc.
Do not miss this exceptional chance to nurture your business. Hurry up!! The application entry closes by 16th August, 2019.