London and Manchester, 7 November 2022 – 10BE5, a legal tech company, and the University of Manchester, today announce their entry into a Knowledge Transfer Partnership (KTP) with funding from Innovate UK, the United Kingdom’s national innovation agency.
The KTP aims to develop a fact-checking and data verification software product for capital markets disclosures. The project will deliver novel AI-based capabilities for automated claim detection, develop labelled data using active and proactive generative approaches, and explore the use of knowledge graphs.
The parties will recruit a PhD in Natural Language Processing to undertake the KTP under their co-supervision. Throughout the KTP, the parties will engage with interested corporations and firms in testing and iterating the product to ensure that it meets practical needs.
Prof. Sophia Ananiadou, Professor in the School of Computer Science at the University of Manchester and director of The National Centre for Text Mining (NaCTeM), said:
“I am excited to enter into this KTP with 10BE5, which approached us with this innovative and technically challenging project. NaCTeM has a strong track record of translating NLP research into practical applications and this presents a great opportunity for us to strengthen our footprint within the legal and financial sectors in the areas of fact checking and verification.”
Prof. Junichi Tsujii, Professor of Text Mining at the University of Manchester, UK and Director of the Artificial Intelligence Research Center (AIRC) in Tokyo, Japan, said:
“The subject matter of the project is very interesting and the presence of domain experts among the 10BE5 team is of critical importance. Fact checking is important for real-life impact and will be of great interest to the wider NLP community.”
John Kwan, Co-Founder of 10BE5, said:
“We are humbled to be working with world-leading NLP experts Prof. Ananiadou and Prof. Tsujii on this exciting project and are grateful to the UK Government for its stamp of approval. We look forward to working with Manchester and our corporate partners in delivering this KTP.”
Mohamed Taha, Co-Founder of 10BE5, said:
“This KTP is a key milestone in delivering 10BE5’s mission of maximizing efficiencies in capital markets practices. We are truly honoured to be working with Manchester University on this exciting and promising project.”
The KTP programme, funded by Innovate UK, has been helping businesses innovate for growth since 1975. The programme connects businesses with academic or research institutions to apply the latest advances in research to deliver strategic, viable, commercial innovation projects.
About the University of Manchester:
The University of Manchester’s National Centre for Text Mining is world-leading in NLP research and applications. It has the expertise to conduct ground-breaking research and extensive experience in putting that innovation into practice in collaboration with industry. Its past collaborators included AstraZeneca, Pfizer, Unilever, Elsevier, BBC, Pacific Life, and Bott & Co.
10BE5 is an award-winning, London-based legal tech company focused on automating capital markets-related workstreams. Its products are built with input from top partner law firms and use a range of technologies, including state-of-the-art machine learning algorithms. Learn more about 10BE5 at: www.10be5.com.
About Innovate UK:
Innovate UK is the UK’s national innovation agency. It supports business-led innovation in all sectors, technologies and UK regions. It helps businesses grow through the development and commercialisation of new products, processes, and services, supported by an outstanding innovation ecosystem that is agile, inclusive, and easy to navigate.