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    $200 million in funding announced for ultra high-speed internet in the US

    $200 million in funding announced for ultra high-speed internet in the US

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    The Gigabit Neighborhood Gateway Program is an initiative from broadband development startup Gigabit Squared and university coalition Gig. U that’s providing $200 million in funding to up to six Gig U. member university communities to build new ultra high-speed gigabit broadband networks.

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    Are you sick of waiting for your ISP to offer fiber broadband service? If you live in one of thirty or so university communities across the US you might be in luck. The Gigabit Neighborhood Gateway Program is an initiative from broadband development startup Gigabit Squared and university coalition Gig. U that’s providing $200 million to build out ultra high-speed gigabit broadband networks in up to six Gig U. member university communities. The selections will take place between November 2012 and March 2013, with lucky residents getting an internet connection "between 100 and 1,000 times" faster than what’s currently available in the country. The idea is to create model projects to show off to other would-be partners. With average broadband speeds in the US hovering around 5 megabits, it seems like a perfect time for communities to step up and do some heavy lifting.