Verizon opens 5G incubator

Verizon opens 5G incubator

Business news |
By Wisse Hettinga

The 5G-enabled lab space was created through a unique partnership with Alley, a co-working community that collocates startups, accelerators, and entrepreneurs. The lab will serve as a place to advance new technology ideas, concepts, and solutions with Verizon innovation, product, and venture teams in a space designed for collaboration and ideation – claiming to be world’s first 5G powered co-working experience.

“5G brings an entirely new and unique array of benefits and possibilities compared to previous wireless technologies,” says Verizon SVP of Strategy, Innovation and Product Development, Toby Redshaw. “One of the best ways to unleash the true possibilities of 5G is by getting it into the hands of innovators and visionaries. We see Alley as a logical first place to do just that.”

Verizon plans on offering access to dedicated space in Alley to select participants who are looking to explore test cases that benefit from the speed and latency characteristics native to 5G. The company expects the initiative will provide additional insights into the service and technology, as well as new concepts and use cases brought by those invited to the trial.

Trials are beginning with an initial wave of six innovative startups and two academic partners. These include pioneers of augmented reality (AR) and multi-user virtual reality (VR) along with platform startups working to analyze and optimize video delivery. Verizon has also been working with the NYC Media Lab to host The Combine, a university spinout accelerator, and will seek additional trial participants through the program.

The full list of initial startups and academics include:

Learn more about Verizon’s 5G trials here.

See also: Verizon to launch 5G residential broadband in 2018

See also: Ericsson wins comprehensive 5G contract from Verizon

See also: SDR for 28 GHz research targets 3GPP and Verizon 5G standards

See also: 4×4 MIMO boosts 4G performance, narrows gap with 5G

See also: LTE and 5G infrastructure to hit $32 billion by 2020

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