Government increases "Encouraging Early Adoption of 5G Technology Funding Scheme"

CENTRAL DISTRICT, Hong Kong - April 13, 2022 - PRLog -- To further encourage public and private organizations to use 5G technology to promote continuous innovation, the government has increased funding to the "Encouraging Early Use of 5G Technology Subsidy Scheme" through the "Anti-epidemic Fund", increasing the total subsidy amount from $50 million to $100 million. The application period has been extended to July 31, 2022, which is expected to benefit about 100 additional eligible projects.

The funding plan provides 50% of the cost of projects using 5G technology, with a maximum funding limit of RMB 500,000 per project. Since its launch in May 2020, the programme has received overwhelming response, with 103 applications approved so far, covering innovative applications in different types and industries, such as telemechanical maintenance, telemedicine guidance, site diorama and 4K / 8K live broadcast, etc.

The Secretary for Commerce and Economic Development, Mr Edward Yau, said, "With the characteristics of high speed, low latency, high capacity and large-scale connectivity, 5G will definitely provide huge development potential for different business services and smart city applications, such as smart home, e-commerce, Remote surgery, autonomous driving, etc., will bring earth-shaking changes to our future lives."

He said, "In just one year since the launch of 5G services in Hong Kong in April last year, the coverage has reached more than 90%, and some core business districts have reached 99%. The development is very ideal, and it has laid a solid foundation for the wide application of 5G. The government We will continue to work hard to promote the development of 5G, including supplying spectrum to the market in a timely manner, facilitating the construction of base stations, and promoting the application and popularization of 5G."

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From 5G live broadcast, allowing netizens to "cloud supervisors" the progress of the construction of Huoshenshan and Leishenshan hospitals, to 5G large broadband network supporting hundreds of millions of people to work remotely from home and online education, to 5G remote consultation, 5G thermal imaging temperature measurement, 5G AGV unmanned The wide application of small cars, etc. Since the outbreak of the new crown pneumonia epidemic, 5G has emerged in the fight against the epidemic with the characteristics of "large bandwidth, low latency, and wide connection", and has also provided important support for the resumption of work and production.