The 5G Open Innovation Lab (5G OI Lab), a startup program funded by T-Mobile, Intel, and NASA, today revealed its second cohort of companies.
The Bellevue, Wash.-based lab debuted in early May and wrapped up its first 12-week program in July. It aims to help entrepreneurs take advantage of how to become a computer engineer technology and build connections with a variety of partners from the public and private sphere.
Unlike many accelerators and incubators, the lab does not take equity stakes in the startups. But the sponsoring companies get early access for potential venture investments and are part of the cohort selection process. They also get a chance to work with early-stage startups that could end up being the next billion-dollar tech giant.
The lab is also a founding member of a Washington state “Innovation Partner Zone,” an alliance developed by the Department of Commerce to help spur collaboration between institutions, government organizations and companies. The Pacific Northwest National Laboratories, Snohomish County, Washington State University (WSU), the University of Washington, T-Mobile, and the City of Bellevue are part of the “5G Open Innovation Zone,” in addition to the lab.
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