Today, Congresswoman Doris Matsui (D-CA) and Senator Tom Udall (D-NM) introduced legislation to create the first ever federal spectrum challenge prize. This would award up to $5 million for breakthrough wireless technologies that dramatically improve spectrum efficiency.
Spectrum has become an increasingly scarce and valuable resource due to a growing demand from the modern mobile economy and a limited amount of spectrum that has not already been licensed to companies. A recent federal spectrum license auction generated over $40 billion in bids. The spectrum challenge competition would help incentivize innovators and entrepreneurs to develop technologies that eclipse the current state-of-the-art.
"The U.S. has always been a global leader in wireless technologies, but we need innovative spectrum solutions in order for our wireless economy to continue to grow," said Congresswoman Matsui. "The Spectrum Challenge Prize Act creates a new opportunity for the federal government and the private sector to work collaboratively in the pursuit of a spectrum breakthrough, which is ultimately a victory for our 21st century economy."
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