The open research and innovation laboratory 5TONIC has announced that Luz Wavelabs is the winner of the First 5TONIC 5G Start-up Competition. Luz Wavelabs is a Spanish technological company focused on bringing to the market a new technology based on millimeter and terahertz waves, which will allow next generation high data rate wireless communications, one of the key requirements of future 5G communications.
The 5TONIC lab, headquartered at IMDEA Networks Institute in Madrid, launched, in October 2016, an initiative that promotes the engagement of businesses in pioneering innovation on “Fifth Generation Networks” (5G): the first global 5G Start-up Competition.
TONIC has awarded Luz Wavelabs, which has close ties to University Carlos III of Madrid, based of the strength of the company’s project proposal, its synergy with 5G, its market potential, innovation capacity, scalability, the competencies of its multidisciplinary team and the advanced stage of development of their trademark products and solutions: state-of-the-art electronics, mm-wave, Terahertz and photonics technology.
Rubén Criado, CEO and Cofounder of Luz Wavelabs, commented, “We are excited to have received this Prize. It is a door opener for our work and an invaluable opportunity to learn from and collaborate with top scientists and experts in our field.”
The Prize entitles Luz Wavelabs to kick-start its 5G innovation project with 5TONIC and to be granted access to 5TONIC facilities, where the team will be able to interact with the lab’s research and industry experts. With this contest 5TONIC is expecting to propel what it calls “this promising venture” to the international 5G business arena.
More Info at www.5tonic.org