Grant program to disperse $2M for 5G projects in Indiana
An organization that supports businesses the state of Indiana has provided over $2 million to support and accelerate 5G programs, with most of the money delegated for grants.
Indiana Economic Development Corp has provided $2.5 million to the Indiana 5G Zone, according to the Indiana Business Journal, as part of an effort to widen 5G technology to fields like advanced manufacturing, digital agriculture, smart cities, public safety, and national defense.
The Indiana 5G Zone is operated by NineTwelve, an Indianapolis, Indiana-based management services company that specializes in 5G, microelectronics, sensors and cybersecurity, according to a LinkedIn page.
Some completed projects from the Indiana 5G Zone include the XQ Message, a quantum-safe encryption platform; a partnership with Performance Defense on a mission critical 5G Internet of Things (IoT) gateway with embedded cyber security; and a mobile power grid with Advances Renewable Power that relays data via the Performance Defense IoT gateway over 5G.
“We’re looking for connectivity solutions, we’re looking for solutions involving edge computing, we’re looking for novel digital experiences. At the end of the day, we’re really looking to find use cases that have a commercial viability to them,” Sean Hendrix, chief technology officer of NineTwelve Institute Inc, told the Journal.
Out of the $2.5 million, $2 million will go to 10 grants averaging $200,000 each, according to the Journal. Recipients of the grants must provide a financial match, it adds. Hendrix said the grant program is aimed at mid-sized companies that are working individually or partnered with other parties.“This isn’t seed funding. It’s for established companies.” It will look to sustain projects that will last around six to nine months and will be finished by the end of 2023.
The remaining $500,000 will be used for program management fees and equipment updates for the Indiana 5G Zone, a downtown Indianapolis 5G development and testing facility that opened in December 2020. Grant recipients will have access to the Indiana 5G Zone to develop and test their projects.
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Article Topics
5G | Indiana 5G Zone | IoT | security | Smart Agriculture | smart city | wireless
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