Prime Minister David Cameron has called on the UK and Germany to work together to develop 5G faster internet quick enough to download a full length feature film in less than a second. He also wants to see more cooperation on developing the Internet of Things and strengthening the EU's digital single market.
Speaking at CeBIT, he announced GBP 45 million in funding for research in areas linked to the 'Internet of Things', taking the total pot available to GBP 73 million; a new spectrum strategy that aims to double the economic benefits of spectrum to GBP 100 billion by 2025; a GBP 1 million 'European Internet of Things' grant fund to support companies who want to exploit these new opportunities; and a new collaboration to develop 5G between the University of Dresden, King's College University in London and the University of Surrey.
Government data shows that the UK's innovation and tech sector is worth GBP 58 billion to the UK economy and employs 1.3 million people.
