The President is set to sign an executive order today (June 13, 2012) that aims to cut the cost of broadband construction across federal roadways and properties by up to 90 percent. The White House is also is looking to improve “next-generation applications and (the) digital experience,” running on networks that are a heady 100 times faster than what’s in use today.
Called – U.S. Ignite – the partnership aims to push the growth of next-generation broadband networks, teaming up with over 100 start-ups, universities and existing tech companies like HP, Comcast and Verizon for the project.
The National Science Foundation has thrown in $250 million to assist the partnership’s creation of a national 1-gigabit network that would connect together academic and developer hubs.
Mozilla has decided to team up with the foundation to offer up a $500,000 prize pot for developers looking to help create the “internet of the future”.