1 million USD award for the best 4G ideas
Ralf Haller
April 20th, 2010
I only came across this bold competition called mYprize 4G Developer Challenge today - it is run by YTL Communications, who belong to the Malaysian YTL Corporation. On their website they say about themselves:
The YTL Group’s core businesses are ownership and management of regulated utilities and other infrastructural assets, serving 10 million customers in three continents.
YTL Corporation’s strategy of providing “World Class Products and services at very competitive prices” along with its history of Innovation, has led directly to it recording a compounded annual growth rate in Pre-tax profits of 55% over the last 15 years, and an enviable track record of creating shareholder value. It has been paying dividends every year since it was listed on KLSE. YTL Corporation’s strategy has also resulted in it and its subsidiaries accumulating numerous International Awards in the process.
While YTL is not a long-time telecommunication company at all, they decided to build the country’s fastest 4G (2.3GHz WiMAX) wireless network through their 60% ownership in YTL Communications. Now such diversities are not uncommon at all in Asia and China. Many of the largest tech and telco companies originated from construction, ship building, food supply or e.g. container harbors. So not so surprising then that YTL itself is active in O&M Activities, Cement Manufacturing, Construction Contracting, Property Development, Hotels & Resorts, Technology Incubation, REIT, and Carbon Consulting.
Back to YTL Communications. They decided to run this competition collecting new ideas on how to use this new high-speed wireless network using a very nice social innovation community platform. In case you want to still participate, though, time is running out as submissions must come in by May 1.