BASKING RIDGE, N.J. – Verizon and Centech today announced the results from the first cohort of startups and scaleups in the 5G Development Hub. Centech is a world-class business incubator and non-profit organization based in Montreal, which welcomes innovative technology projects that meet the needs of the industry, market and society.

Launched in May 2022, the 5G Development Hub works to unlock innovation in multiple industries including manufacturing, supply chain, transportation, smart cities, energy and utilities.

Seven startups were selected to participate, and worked alongside network experts from Verizon to create new 5G use cases, and incorporate 5G and MEC-enabled technologies into their services. Selected companies tested their innovative solutions on Bell's 5G network and mobile edge computing platform and benefited from Centech's mentoring on business development and growth strategy.

The 5G cohort companies and the results achieved through the 5G Development Hub include:

Kognitiv Spark creates Mixed Reality (MR) solutions with their robust MR platform, RemoteSpark. Kognitiv Spark has helped promote the adoption of MR in sectors where the technology can have a significant impact, including nuclear and power utilities, aerospace and defense and increasingly in the public sector.

I-5O has built a deep learning powered computer vision platform which helps manufacturers track, measure and improve their manual production operations in near-real time.

Haply Robotics develops 3D haptic controllers that replicate tactile sensory input, allowing users to interact with an environment through a screen or VR headset. These technologies can be used to control industrial robots, support workforce training, and remotely supervise vehicles that interact with physical environments.

SmartCone is an IoT Connected Ecosystem company servicing a wide array of use cases including intelligent transportation systems, asset tracking and mining. SmartCone has created an open architecture system integration platform which includes the hardware and software components. SmartCone has multiple patents, and its own full stack embedded programming language.

Edgecom Energy provides custom hardware and software solutions to reduce energy costs and emissions for large energy users, helping decision makers understand, improve and control how they consume energy, water and natural gas.

FuseForward offers an edge-secure data and analytics platform designed for organizations with multiple applications, data sources and diverse user groups. The company's integrated, scalable and secure platform provides actionable insights and analysis capabilities supporting both near-real time and historic reporting.

Peytec is an Industrial IoT and AI company that builds and sells hyper-accurate location tracking and sensing solutions. Peytec specializes in inventory tracking, asset management and real-time quality control. Peytec mainly serves industrial sectors including mining, manufacturing and agriculture.

Read the full press release here.

Verizon