5G Open Innovation Lab (The 5G OI Lab) announced three new corporate partnerships and welcomed 16 multi-stage startups, partner-selected to join The Lab’s Fall program, which kicks off this week.
SK Telecom, GAF, and Deloitte join 5G Open Innovation Lab’s growing list of prominent global partners dedicated to fostering disruptive innovation on the Edge. The three companies join founding members Accenture, Amdocs, Avanade, Dell Technologies, Intel, Microsoft, T-Mobile, and VMware, fellow corporate partners Ericsson, F5, Nokia, Palo Alto Networks, Spirent; and industry partner CNH Industrial.
Headquartered in South Korea, SK Telecom is the largest mobile operator in Korea with around 50 percent of the market share. Headquartered in Seoul, it is rapidly expanding its business beyond connectivity, driving innovations in areas of AI, media, metaverse, cloud and urban air mobility to deliver greater value to customers.
GAF, a Standard Industries company, is the leading roofing and waterproofing manufacturer in North America. For more than 135 years, GAF has been trusted to protect what matters most for families, communities and business owners with its innovative solutions and focus on customer service. GAF's leadership extends to its commitment to making a positive impact on its communities, industry, and planet.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies.
16 Startups Selected to Join the Lab’s Elite Fall Program
Today’s announcement of the Fall batch brings 5G Open Innovation Lab’s startup ecosystem to 87 participating companies. Startups selected for the Fall program work on cutting-edge enterprise solutions in digital transformation, network security, smart manufacturing, IoT and wireless connectivity, network and data analytics, social robotics, private LTE/5G networks, and augmented reality.
Since the 5G Open Innovation Lab’s program inception in 2020, participating startups and alumni have raised a lifetime total of $1.154B with several exits valued at $200+M.
Jim Brisimitzis, Founder and General Partner of the 5G Open Innovation Lab
We have rapidly become an epicenter for the 5G and edge ecosystem through our unique, collaborative, development-focused program that is driving transformational outcomes in enterprises across multiple industry sectors. Our distinctive model, differentiated from the conventional incubator or accelerator, is the only program globally building a model that directly connects multi-stage startups to global technology platform providers and leading enterprises.
Ha Min-yong, Chief Development Officer of SK Telecom
We are excited to join the 5G Open Innovation Lab, which is playing a vital role in building a worldwide 5G ecosystem. By fully leveraging our experience in nurturing startups, we will work closely with promising startups from across the globe to create new business opportunities and take the 5G ecosystem to the next level.
