5G Ventures and Nokia sign memorandum of partnership
5G Ventures has signed a memorandum of partnership with Nokia as part of its broader strategy for the development of the 5G ecosystem, supporting the creation of new generation digital services in Greece.
Both companies agreed to jointly develop testbeds for the evaluation of technical solutions and business models developed by companies in which 5G Ventures will invest through the Phaistos Investment Fund. According to the memorandum:
- Nokia will provide 5G and Internet of Things (IoT) equipment and software for the development of the testbeds, that are deployed within the facilities of the institutions that cooperate with 5G Ventures.
- Companies in which 5G Ventures has invested can visit the Athens Research & Development Centre of Nokia. Access to those facilities will be also provided to postgraduate researchers of the academic institutions that work together with 5G Ventures
5G Ventures and Nokia will jointly organise seminars, workshops, and foster the exchange of know-how related to innovation and entrepreneurship. Nokia, with more than 30 years presence in Greece, is one of the key telecommunications equipment suppliers in the market and the #1 ICT R&D hub in Greece with more than 900 engineers. The company is collaborating with all major Universities and research institutions across Greece.
Nokia develops and exports software in Greece that powers 5G for the international market, utilizing cloud-native architecture and practices like DevOps with end-to-end automation.
The memorandum of partnership with Nokia Hellas marks for 5G Ventures the completion of the first stage in the process for the development of an essential and productive ecosystem where the following entities also participate:
- From the academic and research sector, the University of Patras and the National Centre for Scientific Research “Demokritos”
- From the telecommunication infrastructure sector, Vantage Towers Greece
- From the bodies that support the development of entrepreneurship, Corallia unit of “Athena” Research Centre.
The completion of this first circle constitutes a major development for the facilitation of productive investments in 5G and 5G-related technologies. Furthermore, it is a major step towards attracting investment resources from Greece and abroad for the development of the next generation of digital services in Greece.