San Diego startup incubator EvoNexus has secured Verizon Communications as the co-sponsor of its program for young companies to develop business models around the fifth-generation wireless data standard known as 5G.
The cellular giant is joining EvoNexus’ 5G and Artificial Intelligence Accelerator, along with first corporate backer Qualcomm, San Diego’s largest public company and the inventor of 5G technology. Financial details of the arrangement were not disclosed.
The nonprofit’s mission is to bring together startups and organizations working to explore the boundaries of 5G network technology and rethink more possibilities through new applications and hardware.
“Verizon is at the forefront of 5G innovation and we are excited about this partnership because we know that 5G will be a key platform for 21st-century innovation. We recognize with technology this transformative landscape for consumers, businesses, and society can be completely reimagined,” said Nicki Palmer, c
EvoNexus Teams with Qualcomm & Verizon to Accelerate 5G Use Case Innovations
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EvoNexus Teams with Qualcomm & Verizon to Accelerate 5G Use Case Innovations
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
He may hold the winning ticket in tech and Silicon Valley knows it
Mukesh Ambani has spent years trying to turn his
inherited oil business
into a tech empire. In 2020, that pivot really kicked into overdrive.
Between March and November last year, even as the coronavirus upended lives and devastated economies around the world, India’s richest man was handed more than $27 billion to make a bet on the future of the internet.
More than half that eye-popping amount came from Silicon Valley. It started with $5.7 billion from Facebook in March, one of the biggest investments in the American company’s history. Silver Lake Partners, the private equity firm based eight miles from Facebook’s Menlo Park headquarters, followed with its own investment just weeks later, as did Palo Alto’s General Atlantic and San Francisco-headquartered TPG Capital.
Indian billionaire Mukesh Ambani may hold the winning ticket in tech and Silicon Valley knows it CNN 2/24/2021 By Rishi Iyengar, CNN Business © Qamar Sibtain/The India Today Group/Getty Images Managing Director of Reliance Industries, Mukesh Ambani during the launch of Centre for the Fourth Industrial Revolution in India in New Delhi.
Mukesh Ambani has spent years trying to turn his inherited oil business into a tech empire. In 2020, that pivot really kicked into overdrive.
Between March and November last year, even as the coronavirus upended lives and devastated economies around the world, India s richest man was handed more than $27 billion to make a bet on the future of the internet.