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10 September 2018
Innovation accelerator Lloyd’s Lab has announced the results of a global search for technology talent that attracted more than 200 applications from 36 countries.
Start-ups and entrepreneurs presented ideas ranging from live-streaming drones for fast risk and disaster assessment to harnessing the Internet of Things for live cargo tracking, and on-demand insurance for the gig economy.
Lloyd’s has revealed the teams offered a spot in the founding Lloyd’s Lab cohort, starting on October 8.
Lloyd’s says teams joining the lab will gain “unparalleled access” to the world’s largest market for specialist insurance and reinsurance.
Over 10 weeks, they will have access to a dynamic co-working space in the Lloyd’s building in London, potential funding and the chance to develop products, platforms and processes.
“The launch of our new innovation accelerator is an important step forward into our technology-driven future, and we’re excited to see how the ideas develop,” Lloyd’s CEO Inga Beale said.
Applications for the second Lloyd’s Lab cohort will open later this year.