M1, SGInnovate ink deal to bring 5G to startups
M1 will seek corporate partners whilst SGInnovate will identify and focus on startups.
M1 Limited and Singapore Innovate (SGInnovate) have partnered to boost startups’ 5G usage for their products and solutions, an announcement revealed.
The memorandum of understanding (MOU) between the two firms aims to connect startups with potential corporate partners, provide technical support, and promote 5G capabilities. M1 will identify potential corporate partners who are keen to explore the benefits of certain 5G use cases for their business, whilst SGInnovate will identify and focus primarily on Singapore-based startups, as well as international startups where relevant, and match them to relevant 5G use cases for B2C or B2B2C solutions.
The collaboration is expected to benefit startups with proof-of-concept or commercially ready products and spark applications, such as real-time health monitoring, remote diagnosis and consultation for healthcare, immersive learning for education, and mixed reality (MR) applications for project management.
5G technology is expected to improve the speed of data transfer with its ultra-fast latency and high-speed connectivity.
M1 will provide the 5G testbed that will help startups accelerate the adoption of 5G technology into their use cases and real-life test scenarios. Selected startups will work closely with M1’s in-house engineers and deep -dive into the development, testing and application of 5G technology for their products or solutions, depending on the various requirements.