$200 million in funding for ultra high-speed Internet up for grabs

By on May 24, 2012 at 9:30 PM.

$200 million in funding for ultra high-speed Internet up for grabs

Ultra High-Speed Internet Funding

The University Community Next Generation Innovation Project (Gig.U) and Gigabit Squared this week announced funding of $200 million for the nation’s first multi-community broadband gigabit deployment project. The funding will support projects for up to six select Gig.U members, which will offer broadband networks with speeds between 100 and 1,000 times faster than today’s standards. “What makes the Gigabit Squared approach so exciting is that it goes far beyond normal industry business models in how to successfully and creatively improve broadband access speeds for university communities, which is exactly the premise upon which Gig.U was founded,” said Blair Levin, Executive Director of Gig.U. “We intuitively knew this, but to see Gigabit Squared emerge so strongly today proves that yes, America needs an upgrade; and that yes, there are innovators and investors willing to step up to get it done.” Gig. U and Gigabit Squared will make their selections between November 2012 and March 2013. The joint press release follows below. More →

No Comments