HK Launches Subsidy Scheme to Encourage 5G
Hong Kong’s Office of the Communications Authority (OFCA) has announced the launch of the Subsidy Scheme for Encouraging Early Deployment of 5G under the second round of Anti-epidemic Fund. The Scheme is open for application from today to 30 November 2020, on a first-come-first-served basis.
The Scheme aims to encourage various sectors to deploy 5G technology early to foster innovation and smart city applications, and to improve efficiency of their operations and quality of their services that will contribute to enhancing Hong Kong’s overall competitiveness.
Under the Scheme, the Government will subsidise 50% of the actual cost directly relevant to the deployment of 5G technology in an approved project, subject to a cap of HK$500,000 (USD$64,500). Around 100 qualified projects will be subsidised.
“Public and private entities/bodies are welcome to submit applications for projects which are able to bring substantive benefits to the business/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 application form are available on OFCA’s website.
The application guidelines are available at https://www.ofca.gov.hk/filemanager/ofca/en/content_1217/application_guideline.pdf
Applications forms are available at https://www.ofca.gov.hk/filemanager/ofca/en/content_1217/application_form.docx
Contact OFCA by email at email@example.com
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