Two Bellevue companies are among 15 selected to participate in the 5G Open Innovation Lab’s (5G OI Lab) spring program.
The program connects them with technology-giant resources to help advance new technologies on the 5G platform.
The two local companies, Teal and Tupl, are among a cohort of firms representing technologies serving market segments that include automation, cybersecurity, fleet management, autonomous farming, logistics, and health care, according to a news release today from the lab.
The 5G OI Lab, which has its roots on the Eastside, is a global applied innovation ecosystem of corporations, academia, and government institutions working together on 5G innovations benefiting numerous industries. Early- and later-stage startups with promising technology are selected by the lab to join its 5G ecosystem to test and advance market uses for their technology. The ecosystem includes corporate and founding partners T-Mobile, Microsoft, F5, Amdocs, Dell Technologies, Intel, NASA, and VMware.
In Snohomish County last month, the lab began its first field-testing of technology that could transform how food is grown, distributed, and tracked, benefiting not only Snohomish County agriculture but farms everywhere. Agriculture is among myriad industries that stand to benefit from emerging technologies developed on the 5G platform. The lab fosters this innovation through its ecosystem of startups and enterprise partners.
The 5G OI Lab does not take an equity position in its member companies. Instead, companies collaborate with 5G technology experts and business advisers 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, the release noted.
The spring class — the third since the lab launched — includes early-stage startups who have secured Series A and B financing with established revenue streams and product. It also includes more mature Series C companies seeking to capitalize on their early successes and fast-track their growth and market leadership, the release said.
Kirkland-based Jim Brisimitzis, general partner of the 5G Open Innovation Lab, noted that the lab 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,” he said in the release. “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 this year has seen more applications from global companies, including firms as far away as Israel.
The spring class includes A5G Networks, AccelerComm, Blue White Robotics, NavTrac, and others.
Companies can apply to become part of the fall 2021 5G OI Lab class at this link.