Firms Selected Have Demonstrated Established Track Records with Proven Management Teams Driving Development of Use Cases in Markets from Connected Cars to Healthcare
SEATTLE, March 18, 2021 – The 5G Open Innovation Lab (“5GOILab”), a global applied innovation ecosystem for corporations, academia and government institutions, today announced the selection of its third batch of companies to participate in the Spring 2021 program which launched this month. The Lab is supported by its founding and corporate partners which include Amdocs, Dell Technologies, F5, Intel, Microsoft, NASA, T-Mobile and VMware.
The member companies selected this Spring include early-stage start-ups who have secured Series A and B financing with established revenue streams and product to even more mature Series C companies that are looking to capitalize on their early successes and fast-track their growth and market leadership.
Said Jim Brisimitzis, general partner of the 5G Open Innovation Lab, “Our program set out to develop the software ecosystem for 5G and edge computing. Our third batch combines the best of applications and infrastructure companies that will power use cases and important edge computing capabilities. The diversity of stages, use cases, and technology of this batch demonstrates the program’s evolution and ability to attract a range of companies.”
The Lab has seen a marked increase in applications this year from global companies including firms as far away as Tel Aviv, Israel. The Spring 2021 batch member companies represent technologies serving growth market segments including automation, cybersecurity, fleet management, autonomous farming, logistics and healthcare.
The Lab has selected 15 member companies to join the ecosystem and participate in the Spring 2021 12-week program. In 2020, the Lab managed a Spring and Fall program serving 32 companies in total. The following companies are the newest members selected to join the 5G ecosystem and Lab:
Said Dr. Nadine Hachach-Haram, founder and CEO of Proximie, “There is no question that 5G is going to play a central role in creating better connected healthcare systems. If fostered correctly it will ensure the best technologies and innovations are made more freely accessible to patients all over the world. One of our major aspirations as a business is to bring in the best thinking from other industries to support us on our mission, and the 5G Open Innovation Lab will help us to connect to other great technologies and business leaders in order to continually improve patient outcomes and, ultimately, save more lives.”
The Lab does not take an equity position in its member 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.
In February, the Lab launched its first application development field lab for the agricultural industry. The field lab will establish dedicated access to a 5G-capable, CBRS LTE-based network and edge computing platform for Snohomish County to bring together food growers, and distributors with technology companies. The co-development platform is the first of many development field platforms planned to support additional industries.
Said Brisimitzis, “The Lab stands out as a program focused on real outcomes through our mix of innovation, platforms, and industry engagements. There is a software world in 5G that hasn’t been realized nor developed. As we leverage our position, we will not only be focused on growing our ecosystem, but ensuring that we are delivering a more robust developer experience through advanced field labs and access to our partners that are literally transforming the world.”
The 5G Open Innovation Lab reviews new applicants on a rolling admissions basis. Companies can apply to become part of the next Fall 2021 batch of ecosystem member companies at the following link: https://5goilab.proseeder.com/application/start
About the 5G Open Innovation Lab
The 5G Open Innovation Lab (“5GOILab”) is a global applied innovation ecosystem for corporations, academia and government institutions working together with early- and later-stage start-ups to fuel the development of new capabilities and market categories that will transform the enterprise. We give startups at all stages unparalleled access to open platforms and markets needed to create, test and deploy new use cases and innovations for 5G and 5G-enabled technologies, including artificial intelligence and edge computing. We deliver actionable knowledge and market insight that helps our partners and member companies deliver value to customers and grow their revenue and leadership positions. Ultimately, the Lab is a global catalyst committed to the transformation of enterprises utilizing intelligent software-defined platforms. To learn more about the Lab and its ecosystem of companies, please visit https://www.5GOILab.com/ or follow us on Twitter at @5GOILab.
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Posted March 17, 2021