AT&T and Comcast Join 5G Open Innovation Lab as Founding Partners

American telecommunications companies AT&T and Comcast have become founding partners of the 5G Open Innovation Lab (5G OI Lab), joining a group of a total of 18 other founding and corporate partners. The 5G OI Lab is a platform that fosters innovation and collaboration in the field of 5G technology and its applications. The development was announced today in a joint statement by the technology partners and the 5G incubation lab.

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Largest Batch of Startups Announced

Alongside this announcement, the 5G OI Lab also unveiled its Batch 8 cohort, which is its largest to date, featuring 17 multi-stage startups with a total of over USD 313 million in venture capital raised. The 5G OI Lab said these startups, selected for the fall batch from around the globe, are working on cutting-edge enterprise solutions in fields such as real-time logistics and tracking, robotics, private mobile network security, and IoT enablement.

Industry Vision for 5G Open Innovation Lab

Jim Brisimitzis, Founder and General Partner of the 5G Open Innovation Lab, said, “We are thrilled to welcome AT&T and Comcast as founding partners to help drive our vision to bring industry experts together and, collectively, drive innovation into overlapping ecosystems.”

“Collaboration is the key to innovation,” said Jay Cary, VP, Strategic Alliances, Corporate Strategy at AT&T. “As we continue forging ahead to realize 5G’s full potential, it is important to work with the nimble startup and innovation community so we can move faster and solve real-world technology challenges more holistically and effectively for our customers. We are excited to be part of that start-up thinking with the 5G Open Innovation Lab.”