BEGIN ARTICLE PREVIEW:
SEATTLE, Sept. 16, 2020 /PRNewswire/ — The 5G Open Innovation Lab (5G OI Lab), a global ecosystem of developers, enterprises, academia and government institutions, today announced the selection of its second cohort of early- and later-stage start-ups representing diverse markets and aimed at improving 5G network performance, reducing latency and enabling application innovation in both hardware and software platforms in the cloud and at the edge.
The Lab launched its inaugural program on May 4, 2020 with the strategic and financial support of founding partners Intel, NASA and T-Mobile. Founding partners provide engineering, technology, mentorship and industry resources to founders and their companies to help them develop, test and bring to market new use cases that unleash the potential of 5G networks. The program has been adapted to a virtual format in response to the COVID-19 pandemic.
According to a study conducted by analyst firm IHS Markit, 5G is expected to generate $13.2 trillion of new market value by 2036 funded largely by enterprise IT spending. Said Jim Brisimitzis, general partner of the 5G Open Innovation Lab, “It’s clear that both enterprise and carrier networks are opening up new opportunities for innovation harnessing the connectivity of 5G with the proximity of edge computing. As an open …
END ARTICLE PREVIEW