Edward C. Baig: Have a great idea for 5G? Verizon may give you a million dollars to make it happen

phys.org | 1/16/2019 | Staff
MysticHeart (Posted by) Level 3
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Think you've come up with a killer idea for exploiting the emerging next-generation wireless networks known as 5G?

If Verizon buys into in your vision and considers it commercially viable, the company will issue you up to a cool $1 million in seed money. What's more, you'll be invited to develop the concept on live networks in one of Verizon's 5G incubator labs, in New York City; Cambridge, Massachusetts; Los Angeles; Palo Alto, California, and Washington, D.C. And Verizon will provide training and technical support to the chosen innovators.

Part - Built - Challenge - Week - CES

It's all part of a "Built on 5G Challenge" launched this week at CES in Las Vegas during a keynote address by Verizon CEO Hans Vestberg.

5G is all about blistering speeds and low latency or network responsiveness, but the promise behind the technology extends well beyond the wicked fast handset you hope to carry in your pocket. There's surely no small amount of hype around 5G, with Verizon referring to it as the "fourth industrial revolution." The tech is meant to play an important role in self-driving cars, remote medicine, immersive education and all things connected, whether in your home, business or entire "smart community."

Part - Revolution - Verizon - Challenge - Companies

How might you play a small part in the revolution? Verizon's challenge is open to venture-funded companies, bootstrapped startups, non-profits, educators, and yes, creative individuals. The $1 million that the company promises to dish out represents a pool of money that will be shared among a limited selection of potential winners; no more than two or three seems likely. If you're the only one you could get the full million.

Applicants must meet certain criteria, says Sanyogita Shamunder, a network vice president for 5G ecosystems and innovation at Verizon. Is what you've cooked up real? What capabilities does the idea use? Can it realistically be implemented, given the current state...
(Excerpt) Read more at: phys.org
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