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Verizon is Spending $1 Million To Help Push 5G Development

Women Using LaptopToday during Verizon’s keynote address at the 2019 Consumer Electronics Show, Verizon Chief Executive Officer Hans Vestberg announced the launch of the Verizon “Built on 5G Challenge.” This new service will help fund innovators to create transformative solutions that leverage 5G connectivity to transform the way people live, work, and play.

“When we launched 4G, we couldn’t have imagined that it would enable applications like Uber and Netflix,” said Kyle Malady, Chief Technology Officer at Verizon. “5G’s unique speed, bandwidth and latency is about to usher in a new era of connectivity and innovation that many are already saying will herald a fourth industrial revolution. Now, as 5G becomes a reality for more consumers this year, we want to give innovators access to this game-changing technology to allow them to create use cases that no one has been able to dream up until now.”

Verizon says that up to $1 million in total grant funding will be awarded to winning innovators to develop their concepts on live 5G networks located at Verizon’s 5G New York Lab, 5G Waltham Lab, 5G Cambridge Lab, and new locations being developed in Los Angeles, Palo Alto, and Washington, D.C. In addition, Verizon 5G Labs technical advisors will provide training and support to winning innovators.

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