EvoNexus partners with Qualcomm to deploy 5G Incubator program
EvoNexus partners with Qualcomm to deploy 5G Incubator program
By Akshay Kedari  Date: 2020-07-17

EvoNexus partners with Qualcomm to deploy 5G Incubator program

California-based technology startup incubator, EvoNexus has recently partnered with Qualcomm to launch its 5G incubator program. Reportedly, Qualcomm would function as a sponsor of this initiative to assist budding startups to build their 5G wireless ecosystem. This would help strengthen EvoNexus and Qualcomm’s 10-year old relation of supporting early-stage businesses that are advancing the wireless landscape.

Being a long-time partner of EvoNexus, Qualcomm has directly invested in the incubator’s portfolio firms as well as finalized two acquisitions. As for EvoNexus, it would capitalize on its proven and rigorous incubation model to develop and attract budding ventures that leverage and accelerate AI and 5G.

Speaking on the move, Brian Modoff, M&A and Ventures’ Executive Vice President, Qualcomm Inc., said that 5G would propel transformation across industry verticals while giving rise to a new era of innovation. Qualcomm firms are producing innovative 5G solutions and are determined to support the adoption and launch of 5G all over the world.

5G is predicted to generate $13.2 trillion in economic value within 2035 and Qualcomm wants to ensure that 5G’s complete potential is utilized. Along with EvoNexus sponsorship, the company would be able to support early-stage startups in creating new use cases that tap all the unique capabilities of 5G, added Modoff.

Dr. Jim Cable, CTO of EvoNexus, claims that 5G comes as a foundational wireless solution that would substantially impact automotive, mobile devices, computing, and healthcare. 5G presents infinite opportunities for firms to develop new services and products. With the help of its incubator program, these budding businesses would be able to boost their production capacities and R&D activities.

In other news, EvoNexus’ San Diego portfolio firm, Carlsmed managed to secure $2.5 million from its latest seed funding round to develop personalized implants for spinal surgery. Evidently, this funding round was led by Cove Fund II and saw active participation from Device of Tomorrow Capital and Wavemaker Three-Sixty Health, along with individual MedTech investors.

Source Credit: https://evonexus.org/evonexus-launches-5g-program-sponsored-by-qualcomm/

About

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on tjyhjt.com and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Lab-grown, no-kill meat to be put on sale in Singapore for first time
Lab-grown, no-kill meat to be put on sale in Singapore for first time
By Akshay Kedari

Cultured, lab-grown meat, produced inside bioreactors without slaughtering any animals, has reportedly been approved to go on sale for the first time by regulatory ities in Singapore. The new development is being hailed as a momentous, landmark...

Chancellor Rishi Sunak pledges £100bn to transform UK’s infrastructure
Chancellor Rishi Sunak pledges £100bn to transform UK’s infrastructure
By Akshay Kedari

As per the statement of chancellor Rishi Sunak, Britain’s first nationwide infrastructure plan would provide a “once in a lifetime investment” of approximately £100 billion to drive the nation’s recovery from the COVID-1...

Telus Communications selects Nokia to deliver 5G services in Canada
Telus Communications selects Nokia to deliver 5G services in Canada
By Akshay Kedari

According to reliable sources, Nokia Corporation has reportedly been selected by Canada-based Telus Communications Inc. to provide 5G services in Canada. The Finnish multinational technology giant will reportedly support the Canadian mobile service o...

TBI, Oracle to jointly launch cloud-based vaccine management system
TBI, Oracle to jointly launch cloud-based vaccine management system
By Akshay Kedari

Tony Blair Institute (TBI) and Oracle have recently introduced cloud technology to Africa for effective management of public health programs in the region. As per credible sources, initially, Ghana, Sierra Leone and Rwanda will use the new Oracl...

Minerva Bunkering unveils ADP for better clarity in bunker deliveries
Minerva Bunkering unveils ADP for better clarity in bunker deliveries
By Akshay Kedari

Swiss supplier of marine fuels Minerva Bunkering has reportedly introduced an innovative solution called Advanced Delivery Platform (ADP) in a bid to increase efficiency and transparency during bunkering operations. According to reliable sources, Min...

//