Stakeholders sign a Memorandum of Understanding, paving the way for the creation of a 5G Innovation Accelerator
The GSMA, Hong Kong Science and Technology Parks Corporation and Deutsche Telekom have signed a Memorandum of Understanding (MoU) to establish a 5G Innovation Accelerator.
With 5G set to become a driver of economic growth across industries, the MoU will leverage access to existing incubator facilities and industry expertise at the Hong Kong Science and Technology Parks Corporation and Deutsche Telekom to supercharge 5G innovation in China.
Consolidating resources from accelerator partners, the collaboration will pave the way for establishing the 5G Innovation Accelerator to specifically support research, events and dialogues, marketing, and the facilitation of the Innovation Accelerator Project. This package will enable accelerator camps, improved lab environments and showroom space, international exchange, and project cooperation. The Innovation Accelerator Project will also facilitate an innovation summit, business and investment matchings, and technology workshops and classes.
“We’re delighted to have signed this MoU to support collaboration between the GSMA, Hong Kong Science and Technology Parks Corporation and Deutsche Telekom. 5G is already transforming vertical industries and driving real, sustainable growth and innovation. Through this collaboration, we hope to bolster knowledge-sharing and unlock the full power of 5G,” said Alex Sinclair, Chief Technology Officer of GSMA. “As this important collaboration comes to life, we will collaborate with more and more partners to inspire greater implementations of 5G worldwide.”
The overall implementation of the 5G Innovation Accelerator will be supported by Hong Kong Science and Technology Parks Corporation and Deutsche Telekom, with a broader portfolio of ecosystem partners underpinning future projects. The 5G Innovation Accelerator will initially focus on furthering the industry’s common interests, exploring commercial opportunities on projects when appropriate in the future.
Peter Mok, General Manager, Greater Bay Area of Hong Kong Science and Technology Parks Corporation, said. “The Greater Bay Area presents one of the greatest opportunities for innovation and economic growth in the region. Our model to help tech ventures capitalise upon this growth is to harness the unrivalled connectivity Hong Kong offers between mainland China and global markets, with our deep technology ecosystem supported by a network of leading universities and research institutes. Through our partnership with the GSMA and Deutsche Telekom, we strive to deliver greater international cooperation in 5G innovation and create new value for companies in the GBA, and beyond.”
“This collaboration presents a unique opportunity to bring key industry players together to engage and unify the connectivity and beyond ecosystem around 5G innovation. We look forward to seeing first achievements and encouraging greater collaboration around 5G,” said Sean Seaton, SVP, Group Partnerships and Devices of Deutsche Telekom.
GSMA 5G Innovation and Investment Group
The agreement between the GSMA, Hong Kong Science and Technology Parks Corporation and Deutsche Telekom has been facilitated by the GSMA 5G Innovation and Investment Group (5G IN), a flagship initiative established in Greater China which brings together mobile operators, industry and ecosystem partners, and investors to stimulate 5G innovation and increase collaboration across sectors.
The 5G IN Group provides a critical platform to engage with crucial investment organisations, supported by guidance from the GSMA and collaboration partners. The Group also enables companies to access key innovation and talents. It leverages 5G networks to access new products and solutions, placing 5G network capabilities at the heart of new business models and solutions for ecosystem companies.
The Global 5G IN Accelerator Programme, which supports the GSMA’s Next Chapter goals as part of the Foundry initiative, aims to build on the momentum of the 5G IN Group to expand the GSMA’s role in stimulating 5G innovation and catalysing new growth for the mobile industry. The Programme plans for a future global network of GSMA innovation points, which boost new 5G-native products and business models for a more commercially sustainable global 5G ecosystem.