Cookhouse Labs Innovation

About

Cookhouse Labs is a collaborative innovation space established in 2017 by msg global solutions and Logiq3. It serves as a global community platform for professionals in the insurance and financial services industries to work together on innovative projects. The organization is inspired by the concept of a test kitchen, fostering collaboration among insurance experts, reinsurance professionals, entrepreneurs, academics, and financial specialists. The services offered by Cookhouse Labs include training in design thinking and innovation methodologies, collaborative innovation projects aimed at creating minimum viable products, and access to physical innovation facilities in Toronto. These facilities feature open workspaces, private offices, and resources such as developers and project managers to support teams in developing rapid prototypes. Additionally, Cookhouse Labs operates a crowdsourcing platform for industry professionals to engage in ideation and solution submission, and hosts events like workshops and hackathons to further encourage innovation. The organization connects established insurance companies with InsurTech and FinTech startups to address real business challenges.