Speakers from Verizon 5G Lab, Yahoo! News XR, and Ryot discussed how 5G’s fast speeds are a transformational tech shift that can enable existing and new industries. Then, they judged pitches from LA based startups with the vision to do just that at our Verizon – Digital LA – Built on 5G panel and pitch at the new Verizon 5G Lab in Playa Vista.
What you Need to Know about 5G
Speakers shared what you need to know about 5G in this Facebook live video. See event photos in this FB album.
5G can transform industries and it’s coming, much like broadband, mobile, and streaming. Don’t be caught thinking “oh that’s so far away, not enough market share or customers yet” Be ahead of the game, speakers said.
Currently, 5G is in about a dozen cities nationwide. Verizon is working on bullding out its network in LA, set Josh Ness, of Verizon 5G Lab New York. He said that Verizon 5G Lab has set up in 5 cities, including New York and LA, to work with startups that are eager to start working on their 5G based startups now.
Ness also described the Verizon Built on 5G Challenge, a “nationwide search for the best products, services, and applications that will bring the true power of 5G to life.” The winners will be awarded up to $1 million, access to the Verizon 5G Lab, and an opportunity for Verizon to invest in a future fundraising round. Applications are due by September 15 at https://verizon5glabs.com/builton5g/
5G offers several advantages especially relevant to entertainment, speakers said.
5G much faster speeds for downloading movies or entire season of a favorite Netflix show in a few minutes, instead of several hours. 5G also allows for real time rendering of VR/AR and immersive experiences. 5G is also excellent for esports and gaming, for both no-latency in game response, to enabling massive number of simultaneous game users.
“It’s not just a bigger pipe, it’s a hula hoop,” said Nigel Tierney of Ryot.
While the market is very early, and there aren’t enough consumer who can access 5G, you should still start focus on making 5G based content so you are ready, speaker said. You don’t want to be caught with no content.
“Make good 5G content and storytelling,” said Laura Hertzfeld of Yahoo! News XR, which is using XR to help tell news stories.
Alex Seedman of Ryot said his content team is working on several new projects utilizing 5G.
After the panel, six startups pitched their startup ideas, which run much better on 5G.
Victoria Grant of Making XR won both the #1 Judges Choice AND the #1 Audience Choice for her biometric idea.
Adam Bridge of Archanics won judges choice #2 for his GIS GPS MAP map startup.
– Matt Soson of Drift LA, AR fantasy overlay on real world, better on 5G for fantasy AR graphics overlay
– Liam Broga of LifeScope: AR time machine that connects your personal data better with 5G
– Eric Leatherwood, Tesser, Esports network better in 5G
– David Borish, of Neo360
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.” The winners will be awarded up to $1 million, access to the Verizon 5G Lab, and an opportunity for Verizon to invest in a future fundraising round. Applications are due by September 15 at https://verizon5glabs.com/builton5g/
Thanks attendees for coming and great questions!