Applications open for Subsidy Scheme for Encouraging Early Deployment of 5G
***************************************************************************
The Scheme aims to encourage various sectors to deploy 5G technology early to foster innovation and smart city applications, and to improve the efficiency of their operations and the quality of their services that will contribute to enhancing Hong Kong's overall competitiveness.
Under the Scheme, the Government will subsidise 50 per cent of the actual cost directly relevant to the deployment of 5G technology in an approved project, subject to a cap of $500,000. Around 100 qualified projects will be subsidised.
"Public and private entities and bodies are welcome to submit applications for projects which are able to bring substantive benefits to the business or sector concerned through the deployment of 5G as well as demonstrate innovation or cross-sectoral synergy," a spokesman for OFCA said. Details of the Scheme and the application form are available on OFCA's website (www.ofca.gov.hk/en/industry_focus/telecommunications/5g_subsidy/index.html). For enquiries, please contact OFCA by phone at 2961 6333 or email at 5g-subsidy@ofca.gov.hk.
Ends/Tuesday, May 5, 2020
Issued at HKT 12:29
Issued at HKT 12:29
NNNN