Thomson Reuters, a multinational mass media and information firm, on Monday launched two strategic initiatives to foster digital development in Andhra Pradesh.
The company collaborated with the Andhra Pradesh government and GITAM University to launch a FinTech lab called Innovation AppStudio.
Innovation AppStudio will be hosted at the GITAM University campus in this coastal city and will be open to students, academia, researchers, start-ups and the ecosystem across Andhra Pradesh.
Andhra Pradesh Chief Minister N. Chandrababu Naidu and IT Minister Nara Lokesh inaugurated the facility at the Blockchain Business Conference which began here on Monday.
Thomson Reuters has also joined hands with the state government to launch 'Digital Content Exchange' initiative as a part of the government's e-pragati programme.
It will offer trusted content powered by Thomson Reuters e-book software, ProView and legal research solution, WestLaw and will be used by education institutions and government departments.
While ProView will facilitate quick access to a host of e-books from Thomson Reuters as well as third-parties, WestLaw will give stakeholders access to global and local content including expert materials.
Lokesh said trough Fintech Valley Vizag, the government was fostering a fintech innovation culture.
"Our vision is to transform Fintech Valley Vizag into a global fintech capital by enhancing a fintech ecosystem of start-ups, financial Institutions, technology vendors, incubators, accelerators, innovation labs, and investors to contribute and thrive in this ecosystem," he said.
Pradeep Lankapalli, Managing Director, Thomson Reuters, South Asia, said Innovation AppStudio would enable the students, start-ups and researchers to access Thomson Reuters Open Platform capabilities.