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IMDA announces S$30 million 5G fund for Singapore

IMDA announces S$30 million 5G fund for Singapore

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The Infocomm Media Development Authority (IMDA) has announced a new S$30 million fund to accelerate the adoption and commercialisation of 5G solutions in Singapore.

The fund is part of IMDA’s 5G Innovation Programme to create a vibrant 5G ecosystem that offers exciting opportunities and benefits to individuals, workers and businesses. Building on earlier efforts to trial 5G use cases, the new fund will support enterprises’ efforts to adopt 5G solutions to address sector challenges or enterprise level needs.

The fund will also support solution providers and technology developers commercialising 5G solutions, to help make the benefits of 5G more accessible to more companies.

Lew Chuen Hong, Chief Executive, IMDA, said: “5G is a key enabler for Singapore’s digital future, and I am encouraged to see our 5G partnerships with industry demonstrating good results, such as through more efficient and reliable port operations, and good progress on the on-going trials.

“The next phase of our 5G strategy will see us build on this momentum, to spur innovation and accelerate the adoption and commercialisation of 5G solutions with the new S$30m fund. IMDA is nurturing a 5G ecosystem that goes beyond infrastructure, including industry partnerships to develop 5G talent, as well as solutions and services to drive 5G adoption. I hope more companies will come onboard to seize opportunities offered by 5G.”

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