MURRAY HILL, N.J.-Lucent Technologies Inc. today pledged $10 million to academic and industry researchers in hopes they could develop a business model that would make third-generation wireless networks more profitable.
The grant, part of Lucent’s Mobility Innovation Initiative, will be distributed among the School of Management at Boston University, the London Business School and France’s INSEAD business school. Boston University will get $5 million, and the rest will be split between London Business School and INSEAD.
The schools will be called on to study the effects of mobility on business and consumer markets.
“The faster we create the next-generation business models that will deliver the value that the mobile Internet promises, the faster we advance in creating the market for innovative, revenue-generating service,” said Stacey Gelman, vice president of Lucent’s mobile Internet.
