SEATTLE, Sept. 24, 2020 /PRNewswire/ -- The 5G Open
Innovation Lab (5GOILab), a global ecosystem of developers,
enterprises and government institutions, today announced that
Amdocs (NASDAQ: DOX), Dell Technologies, Microsoft (NASDAQ: MSFT),
and VMware (NYSE: VMW) 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."
Amdocs, a leading provider of software and services to the
world's leading communications and media companies, joins the Lab
with a focus on helping service providers accelerate the wave of 5G
advancements around cloud, edge computing, IoT and new customer
experiences. Said Anthony
Goonetilleke, group president of Media, Network and
Technology, Amdocs, "We believe that 5G will power the next
generation of customer experiences, ranging from innovative
consumer applications to complex enterprise partnerships built on a
long-tail partner ecosystem. We are excited to be part of
this new venture in accelerating creative collaboration between 5G
leaders, working together to bring seamless experiences to life
while exploring diverse industry applications of 5G, including
autonomous vehicles, remote surgery and immersive mobile VR and AR,
among others."
As an essential technology company in the data era, Dell
Technologies focuses on enabling our customers build solutions that
drive human progress. In support of that vision, Dell Technologies
is enabling Telecom organizations to extend their capabilities,
moving beyond today's connectivity to offer new enterprise services
that will ignite broad industry innovations and create new revenue
streams. Dell Technologies is committed to creating an open and
modern platform that leverages the latest 5G technologies to help
companies reduce costs, improve agility and the overall
end-customer experience.
"Dell Technologies sees 5G as a key driver for digital
transformation and can facilitate the mobile connection between
people, things, systems and businesses resulting in a new and
exciting era," said David Trigg,
Vice President of Ecosystems for Dell Technologies Telecom Systems
Business. "We firmly believe that the telecom industry must come
together as an ecosystem to provide more choice in how global
communications networks are deployed and run while driving out
complexity and cost. As a founding member, we see the 5G Open
Innovation Lab as a critical component in driving toward these
goals, benefiting the telecom industry and the customers that it
serves globally."
As cloud and communications networks converge, Microsoft is
providing businesses globally with the hyperscale cloud
infrastructure to move toward a future that unlocks the full
potential of 5G: simplifying and enriching people's personal and
professional lives. Microsoft will serve as the founding public
cloud partner of the 5G Open Innovation Lab and will play a key
role in supporting the Lab's work to accelerate enterprise startups
and launch new innovations. The Lab will create long-term,
sustainable developer and commercial ecosystems that will
accelerate the delivery of exciting new capabilities at the edge,
including pervasive IoT intelligence and immersive mixed
reality.
"We believe optimized, cloud-native software plays an important
role in advancing 5G and creating new capabilities, new markets and
new opportunities for businesses and societies," said Leen Kashyap, Director, 5G Strategy and
Ecosystems for Microsoft. "It's collaborative efforts like this
one, where founders, members and participants are working together
with unique strengths, that will further advance this important
technology."
VMware is helping communication service providers meet the
increasing demand for innovative 5G services by delivering a Telco
Cloud platform that can efficiently create, monetize, and deliver
an array of new applications and services for both consumer and
enterprise segments. Said Shekar
Ayyar, executive vice president and general manager, Telco
and Edge Cloud Business Unit, VMware, "We are excited to join the
5G Open Innovation Lab as a founding partner to help foster and
support this global ecosystem of developers, start-ups,
enterprises, academia and government that are focused on helping to
provide the benefits of 5G to everyone."
The Lab announced last week that it has selected 16 companies as
members of the second cohort to participate in its 12-week
program. The Lab does not take an equity position in its member
companies.
About the 5G Open Innovation Lab
The 5G Open Innovation Lab (5G OI Lab) is a global ecosystem of
corporate enterprises, academia and government institutions working
together with early- and later-stage start-ups to fuel the
development of new 5G capabilities and market categories that will
transform the way we work, live and play both now and in the
future. The Lab provides developers at all stages unparalleled
access to open platforms and markets needed to create, test and
deploy new use cases and innovations for 5G. To learn more
about the Lab and its ecosystem of companies, please visit
https://www.5GOILab.com/ or follow us on Twitter at @5GOILab.
Media Contact:
Rich
Phillips
rich@5GOILab.com
+1-512-270-1710
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SOURCE 5G Open Innovation Lab