Moonshots to Apply @ 5G Lab
The Built on 5G Challenge is a nationwide search for the best products, services, and applications that will bring the true power of 5G to life. It is currently seeking companies in categories of industry, immersive experiences, and moonshots to apply. Learn more below.
About Verizon 5G Lab:
The 5G Lab works with startups, academia and enterprise teams to build a 5G-powered world. We work on 5G trials, hackathons, industry partnerships, prototyping challenges and more. The Built on 5G program is designed to inspire and support breakthrough innovations in every industry using Verizon 5G Ultra Wideband. Along with partners and collaborators, the Built on 5G program has the power to change everything.
The Built on 5G Challenge is a nationwide search for the best products, services, and applications that will bring the true power of 5G to life.
We’re looking for solutions in the categories of Industry (helping businesses create new value for customers), Immersive Experiences (next-generation media and entertainment), and Moonshots (solving big problems with radical new ideas).
Industry: 5G-enabled solutions for businesses to act in real-time and create new value for their customers. For example, this might include utilization of 5G and related technologies that take advantage of low-latency computing to improve processes on a factory floor or assist customers in a retail environment.
Immersive Experiences: 5G-enabled and never-before-seen immersive consumer entertainment experiences. For example, this might include utilization of 5G and immersive technologies, such as virtual reality or augmented reality (AR/VR), to create new ways for consumers to experience media.
Moonshots: 5G-enabled, transformative solutions that solve big problems that transform the way we live, work, and play. For example, this might include new value being created in new industries that are created by using one or more of the currencies of 5G.
Every submission should demonstrate the company’s commitment to social responsibility and sustainable business practices. We will invite up to the top 25 submissions (as selected by our Judges based on the above assessment criteria) to submit additional supporting information and present in-person to the Judges. The winners will be awarded up to $1 million, access to our 5G Lab, and an opportunity for Verizon to invest in your company in a future fundraising round. Winners are announced October 2019.
In order to be eligible for the Built on 5G Challenge, you must be a US company with 200 employees or fewer. They are seeking products that can be demonstrated now (even if at an early stage), tested in the 5G environment, and matured in future partnership with Verizon or as part of our 5G Lab programming.
While the judging and criteria will vary slightly from round to round, a cohort of judges will generally assess each submission in the areas of:
Your product, service, or application and the applicable Challenge Area
How 5G / edge computing are being utilized
Which of the 8 Currencies of 5G you will be taking advantage of and why
Customer problem or pain point being solved
Initial business case including customer segment you’re targeting
Demonstration of working product, service, or application
Demonstrate next steps
Application Deadline: July 15, 2019
APPLY here and let them know that Next Gen sent you!