Amdocs, Microsoft, VMware, Other Technology Leaders Join 5G Open Innovation Lab as Founding Partners to Help Start-Ups, Entrepreneurs Develop Groundbreaking 5G Services, Applications
The 5G Open Innovation Lab (5GOILab), a global ecosystem of developers, enterprises and government institutions, today announced that Amdocs, Dell Technologies, Microsoft, and VMware have joined the Lab as founding partners providing engineering and technology resources to the Lab’s diverse start-up ecosystem. Founding partners Intel, NASA and T-Mobile, who launched the Lab in May, welcomed the new members who will broaden the Lab participants’ access to leading-edge network, software and hardware platforms, in addition to creating direct customer relationships that accelerate market adoption.
“We’re working harder than ever to build a transformative 5G network for all, but we must build something even bigger – an ecosystem that creates economic value beyond traditional telecom,” said Neville Ray, President of Technology at T-Mobile. “These new founding partners will help us do just that, broadening the pipeline of development for 5G solutions across all industries.”
The Lab selects 15 to 20 early- and later-stage companies to participate in the program twice a year. These companies represent 5G infrastructure and 5G-enabled technologies such as artificial intelligence, edge computing and IoT across diverse markets including agritech, manufacturing, entertainment, transportation and energy. Founding members have visibility into these new solutions, and can choose which companies they want to work with to help accelerate their solutions and develop real-world proof-of-concepts. Founding partners provide engineering, technology, mentorship and industry resources to entrepreneurs and their companies to help them develop, test and bring to market new use cases.
According to Gartner, the global 5G services market is projected to reach $41.48 billion by 2020 expanding at a rate of 43.9% CAGR from 2021 to 2027. “The Lab is an opportunity for us to learn what is possible,” said Jim Brisimitzis, general partner of the 5G Open Innovation Lab. “Our partners are critical to helping us identify these opportunities and remove the market friction that normally can deter progress and slow innovation. As business and technology leaders, our partners quite simply are market makers and the Lab is a proving ground for collaboration and invention.”