The government launched the "Encouraging Early Use of 5G Technology Subsidy Scheme" through the "Anti-epidemic Fund" in May last year, setting aside 100 million yuan to fund 5G technology-related projects.
The Secretary for Commerce and Economic Development, Mr Yau Yinghua, said in a written reply to a Legislative Council member's question today (6th) that as of the middle of last month, a total of 533 applications had been received, of which only 141 had been approved, accounting for less than 30% of the total number of applications, and the average funding amount was about 44%. 10,000 yuan, that is, about 62.04 million yuan has been approved.
As of June 20, a total of 533 applications were received, of which only 141 were approved, accounting for less than 30% of the total applications. The average funding amount was about 440,000 yuan, which means that about 62.04 million yuan has been approved.
(File photo/Visual China)
In response to the question, Yau Yinghua pointed out that as of June 20, the Office of the Communications Authority had received 533 applications, of which 141 had been approved, accounting for only about 26% of the total applications, and another 350 were rejected or withdrawn as ineligible , and the remaining 42 applications are under review.
As for the average processing time of each case, it takes about 3 weeks from the time the complete application is received, and the average subsidy amount is about 440,000 yuan.
The Secretary for Commerce and Economic Development Yau Yinghua.
(file picture)
The authority stated that the funding scheme has supported innovative applications in various industries, including remote real-time medical treatment, site safety monitoring, remote mechanical maintenance, electric racing cars, 4K/8K live band performances or sports teaching, etc., urging the widespread application of 5G, It is emphasized that the funding model operates smoothly, and the funding amount and ratio can also balance the need to make good use of public funds and support innovative 5G projects.
Tanwei Fangcang shelter hospital was opened last week, 1,000 people stayed at the telecommunications company during the peak period, completed 5G coverage in one week, ASTRI won two golds and ten silvers at the International Invention Exhibition, and promoted the 5G project to be adopted by twenty Chinese and Hong Kong enterprises Borrow patients with free 5G data cards