AT&T and Comcast are becoming a member of 5G OI Lab as founding companions
5G Open Innovation Lab (5G OI Lab) introduced that U.S. operators AT&T and Comcast have joined its innovation ecosystem as founding companions.
The 2 firms be a part of the 18 founding and company companions, 5G OI Lab mentioned. The lab was established in early 2020 with founding companions T-Cellular US, Intel and NASA.
T-Cellular US has stepped away from involvement within the lab and it not actively concerned with it. “We’re working carefully with innovators by way of packages like our T-Cellular Accelerator, the Tech Expertise 5G Hub, T-Cellular Ventures, the T-Problem and DevEdge,” a T-Cellular US spokesman mentioned. “Whereas we’re not presently actively concerned with the 5G Open Innovation Lab, we proceed to work with a lot of its graduates to unleash their 5G-powered options with our industry-leading community.”
Enter AT&T and Comcast as community operator contributors within the lab.
“We’re thrilled to welcome AT&T and Comcast as founding companions to assist drive our imaginative and prescient to carry {industry} consultants collectively and, collectively, drive innovation into overlapping ecosystems. 5G and edge are new foundations that can be utilized to drive new enterprise fashions and know-how throughout segments and corporations,” mentioned Jim Brisimitzis, founder and common companion of the 5G Open Innovation Lab.
“Collaboration is the important thing to innovation,” mentioned Jay Cary, VP of strategic alliances, company technique at AT&T. “As we proceed forging forward to appreciate 5G’s full potential, it is very important work with the nimble startup and innovation group so we will transfer quicker and remedy real-world know-how challenges extra holistically and successfully for our prospects. We’re excited to be a part of that start-up considering with the 5G Open Innovation Lab.”
Tom Nagel, SVP of wi-fi technique at Comcast, mentioned: “Participating with the startup group by way of our personal Raise Labs or with organizations just like the 5G Open Innovation Lab is a vital issue not solely in our personal efforts however to push the {industry} ahead in thrilling new methods.”
The 5G OI Lab additionally introduced its Batch #8 cohort with $313 million in enterprise capital raised and 17 multi-stage startups becoming a member of the 5G OI Lab’s fall program, which begins this week.
“As evidenced by the 118 startups in our ecosystem, the mix of 5G and edge is unlocking a large wave of collaborative innovation in Cloud, Edge and AI throughout each {industry} from agriculture and energy technology to manufacturing, logistics and medication,” Brisimitzis added.
The multi-stage startups chosen for the Lab’s fall Batch #8 symbolize enterprise options in fields comparable to real-time logistics and monitoring, robotics, personal cellular community safety and IoT enablement.
Via 5G OI Lab’s mannequin of open collaborative innovation, company companions work immediately with ecosystem startups to speed up commercialization by way of proof of idea and go-to-market alternatives, the entity mentioned.
For the reason that 5G Open Innovation Lab’s program inception in 2020, collaborating startups and alumni have raised a complete of $2.088 billion with a number of exits valued at over $200 million.
