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 ecosystem program, we
focus on helping both early- and later-stage companies remove
technical friction, connect founders with industry mentors and
provide unparalleled market access backed by the generous support
of our partners. We're running a marathon together. Once a member
of the community, always a member of the community."
iUNU (https://iunu.com/), an emerging leader in precision
agriculture leveraging AI to provide data analytics to farmers and
greenhouse growers, is a graduate of the Lab and participated in
the inaugural program this Spring. By adopting 5G technology
standards, the company was able to build out several new features
for their customer base. Said Adam
Greenberg, CEO of iUNU, "The 5G Open Innovation Lab was
instrumental in our business development efforts with large
technology companies, bringing farmers better outcomes. The Lab
focused on helping us connect to the right decision makers by
cutting through the entire search phase. I would definitely
recommend participating!"
"We are encouraged by the innovation we are seeing from the
first cohort resulting from the collaboration between the Lab and
members, and we look forward to what this new group of start-ups
will bring," said Caroline Chan,
vice president, Data Platforms Group and general manager, Network
Business Incubation Division at Intel. "Fostering a strong
developer ecosystem helps further accelerate adoption of 5G
solutions by both enterprises and the telecom industry, and the Lab
is an effective way to make this a reality."
"This is a fantastic program giving entrepreneurs and developers
– the folks that make the magic happen – direct access to our
engineers and business leaders," said Neville Ray, President
of Technology at T-Mobile. "Only T-Mobile has a network that serves
all use cases for 5G and with our launch of the world's first
Standalone 5G network, now is the time to develop the
applications that will unleash the potential of 5G."
The Lab has selected 16 companies as members of the second
cohort that will participate in the 12-week program. The Lab does
not take an equity position in the start-up companies, rather,
companies collaborate with 5G technology experts and business
advisors through CEO and CTO roundtables, private working sessions,
virtual networking and social events, and opportunities to meet
with the Lab's extensive partner network of venture capital firms.
The following companies are the newest members selected to join the
5G ecosystem and Lab:
- Bluebox Labs - Bluebox uses Co-pilot to offer an
affordable software ecosystem for any car, providing security,
convenience, and savings to the user - http://bluebox.io/
- FreedomFi - FreedomFi uses commodity hardware, open
source software and CBRS shared spectrum to build cost efficient
private LTE networks and future 5G IoT deployments -
http://freedomfi.com/
- GenXComm - GenXComm has developed an advanced technology
for 5G deployment which can operate in a variety of bands,
including the unlicensed CBRS Band optimizing spectrum usage by
allowing communication to transmit and receive simultaneously - on
the same frequency - https://genxcomm.com/
- Innov8.ag - Innov8.ag combines on-farm and off-farm data
with machine learning to inform grower decisions and maximize
resource efficiency - https://www.innov8.ag/
- Kubermatic Gmbh - Kubermatic's platform automates the
operations of Kubernetes clusters across multi-cloud, on-premises,
and edge environments with a single management UI, addressing the
operational challenge of running Kubernetes at scale. -
http://kubermatic.com/
- Latent AI - Latent AI provides LEIP, a modular and fully
integrated workflow to simply and accelerate AI training and
development for edge computing - https://latentai.com/
- Mangata Networks - Mangata Networks provides scalable
global coverage, with satellite and terrestrial solutions for high
capacity and affordable backhaul. -
https://mangatanetworks.com/
- MATRIX Labs - MATRIX Labs offers affordable FPGA-driven
development boards with sensors, mics, and wireless communication
protocols to facilitate IoT app creation –
https://www.matrix.one/
- Megh Computing - Megh Computing provides a Real-Time
Streaming Analytics Platform with AI+ acceleration using FPGAs for
Edge-to-Cloud deployments - https://www.megh.com/
- mimik Technology, Inc. - mimik provides a hybrid
edgeCloud platform to enable any computing device with server
capability, increasing data privacy and development speed while
lowering the latency and cost of cloud hosting -
https://www.mimik.com/
- MixComm - MixComm is the "Antenna to AlgorithmTM"
company solving the challenges constraining 5G mmWave performance
by extending the link range, reducing power consumption, and
reducing system costs with their RFSOI Front End ICs and modules –
http://mixcomm.com/
- Moeco IoT - Moeco combines a web platform with low-cost
sensors to provide an end-to-end solution for data and sensor
management as well as insight generation -
http://www.moeco.io/
- Nodle - Nodle is a decentralized wireless network of
millions of smartphones and Bluetooth
devices connecting people and things privately and securely -
http://www.nodle.io/
- PerVices - PerVices delivers a flexible, multi-channel
transmit and receive solution using their high-performance software
defined radio (SDR) platforms - http://www.pervices.com/
- QuayChain - QuayChain builds digital infrastructure
through private LTE/5G for the Supply Chain, creating Smart
Industrial Hubs to harvest & democratize data through IoT and
AI-driven solutions in large multi-modal locations. -
http://www.quaychain.com/
- Taubyte -Taubyte is The Smart Computing Platform that
enables scaling software to the global infrastructure catalyzed by
5G and IoT; being fully automated (i.e. NoOps), it eliminates
software development, deployment, and routing complexity at the
Edge, allowing IoT developers to focus on product features, while
reducing costs and time to market - https://taubyte.com/
The 5G Open Innovation Lab is also a founding member of
Washington's newest Innovation
Partnership Zone (IPZ), a statewide initiative, sponsored by the
City of Bellevue and administered
by the Washington State Department
of Commerce. The IPZ is designed to stimulate regional
economic growth by providing access to intellectual capital, and to
accelerate the development of new technologies, marketable
products, company formation, and job creation. This unique
public-private partnership includes members Pacific Northwest
National Laboratories, Snohomish
County, T-Mobile, Washington State
University (WSU), and the University of
Washington.
Said Brisimitzis, "We are not a traditional incubator or
accelerator. Equity isn't the program's end goal. Working with
standout founders solving big enterprise problems is what we, and
our partners, get excited about. We are accomplishing our long-term
goals by building a global community. Our unique approach to
fostering innovation will enable us drive real-world applications
and solutions that are economically viable, marketable, and
fundable."
About the 5G Open Innovation Lab
The 5G Open Innovation Lab (5G OI Lab) is a global ecosystem of
corporate enterprises, academia and government institutions working
together with early- and later-stage start-ups to fuel the
development of new 5G capabilities and market categories that will
transform the way we work, live and play both now and in the
future. The Lab provides developers at all stages
unparalleled access to open platforms and markets needed to create,
test and deploy new use cases and innovations for 5G. To
learn more about the Lab and its ecosystem of companies, please
visit https://www.5GOILab.com/ or follow us on Twitter at
@5GOILab.
Media Contact:
Rich Phillips
rich@5GOILab.com
+1-512-270-1710
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SOURCE 5G Open Innovation Lab