Singapore is setting aside another SG$30 million ($22.57 The government grant aims to facilitate efforts to commercialise service offerings and offer financial help to more local companies, including small and midsize businesses (SMBs). The latest fund injection is part of the Infocomm Media Development Authority's (IMDA) 5G Innovation Programme and earmarked to support development efforts that "address sector challenges or enterprise level needs", the industry regulator said in a statement Wednesday. Industry regulator Infocomm Media Development Authority has set aside S$40 million (US$29.53 million) to support research and development efforts and drive adoption of 5G, which include initiatives focused on key verticals such as urban mobility and maritime. Under the 5G government grant, applicants must indicate a "significant value and impact" to businesses and the local industry as well as include operationalisation and commercialisation plans of the 5G products.
Jan-20-2021, 11:00:04 GMT