Spark initially launched the 5G Starter Fund in March, but then put it on hold due to the COVID-19 crisis. In recent weeks, Spark reports it has started receiving requests for the Fund to kick off again.
Spark has worked with local innovators through its Co-Lab space since July 2019. Businesses in Spark’s 5G Lab have tested and refined driverless car technology, worked on future payment services using facial recognition, and tested an ‘eye in the sky’ security tool using drone technology. Spark also says it has helped Emirates Team New Zealand get 5G on the water.
The 5G Starter Fund will support up to four businesses, with the first prize winner receiving NZD 250,000 and three second prize winners receiving NZD 125,000 each. All winners will receive business and tech mentoring from industry leaders, as well as access to technology and equipment to test and build on Spark’s 5G network. Applications for the 5G Starter Fund open on 27 May.
