Creating a Data-Led Innovation Culture
Labora is a platform for civic and social entrepreneurs. It offers cutting-edge tools and connects to a world-class network of companies, mentors and investors who can help accelerate impact through data-led innovation.
WHY THIS MATTERS
Open data can be converted into a key resource to drive economic growth, innovation and the creation of evidence-based public policies based. The potential is huge, but citizens tend not to turn to open data. The European Union estimates the potential to be worth €55.3 billion and estimates that 100,000 jobs will be needed in the sector by 2020. McKinsey, in turn, estimates that by 2020, the United States will need approximately 1.5 million managers that are able to take data and transform it into actionable information. Mexico is on the same path: the moment to start training people in taking advantage of data is now.
WHAT WE ARE DOING ABOUT IT
Labora was created with the objective of encouraging civic and social entrepreneurs to use open data in order to generate a bigger impact. Through this program, we incubate and accelerate civic and social startups using technical advice, linking them to a network of international mentors with experience in digital and data-led innovation.
OUR INNOVATIVE APPROACH
The success of Labora lies in the power of cross-sector collaboration. Public policy designers and data producers worked hand in hand with the entrepreneurs in order to improve the accessibility and quality of data.
OUR STARFISH MODEL
We piloted Labora in 2016 with a 8 startup hub. We are now replicating the model for the FinTech sector and are working to institutionalize Labora into a wider program to impact more entrepreneurs and companies by the end of the year.