As featured in Legal Innovation Zone. The Legal Innovation Zone (LIZ) at Ryerson University has announced the six stage one finalists of the Ontario AI Legal Challenge.
LIZ is a co-working space and a legal tech incubator working to build legal solutions for the legal services industry. The challenge was launched in partnership with the Ministry of the Attorney General (MAG) in September 2017 that offers $80,000 in seed funding, and seeks startups using AI to make legal services or processes more efficient.
“We have an opportunity to harness cutting-edge technology like artificial intelligence and introduce it to the justice field to develop solutions that help people resolve their legal issues faster and easier. With our government’s support, the AI Legal Challenge will create new products and services that will help lawyers and consumers, and increase access to justice,” said Attorney General Yasir Naqvi. “I am very eager to see the result of the energy and creativity devoted to this challenge as these ideas come to life through the Legal Innovation Zone.”
The six startups will have access to LIZ’s workspace, mentors, advisors, and other resources for the next four months while they prepare for the Final Pitch. The last stage of the contest will take place in March 2018, and three winning startups will be awarded seed money totalling in $80,000.
The stage one winners include Destin AI, Diligen, Evichat, Legalicity, Loom Analytics, and Splyt.
“AI has the potential to revolutionize legal services, in the same way it is starting to change so much of life beyond the law,” said Chris Bentley, Managing Director of the LIZ. “Consumers will benefit from the better legal solutions that result when the entrepreneurs who see the possibilities are supported and encouraged.”
Originally published on BetaKit. Written by Aeman Ansari.
Photo via The Legal Innovation Zone at Ryerson University