Taiwan launches US$388 million 5G Innovation Hub at Kaohsiung Building a launchpad for 5G and AIoT testing

Taiwan launches 5G Innovation Hub in Kaohsiung

Taiwan launches a US$388 million 5G Innovation Hub at Kaohsiung

Details:

  • Taiwan launches US$388 million 5G Innovation Hub to facilitate 5G and Artificial Intelligence testing.
  • Various incentives will be made available to participating companies, including:
    • Zero-interest corporate loans
    • Wage subsidies
    • Lower taxes and free office space

Taiwan launches a 5 year investment plan to build a US$388 million 5G Innovation Hub, facilitating 5G and Artificial Intelligence testing.

The 5G Innovation Hub looks to push Kaohsiung into becoming a “technology smart city” with the hub playing host to 50 local and foreign companies, as well as 120 start-ups .

In total, this is expected to generate US$ 1 billion of new investment and create US$ 4 billion in production value.

Various incentives are available for participating companies such as

  • Zero-interest corporate loans for investments exceeding US$ 14 million and a 25 percent wage subsidy for workers
  • Companies setting up in the hub will be able to use the space rent free for the first two years, with a 40% discount for the third and fourth year before it drops to 20% in the fifth and sixth year.
  • Housing taxes will also be waived for participating companies for a period of five years

The government plans to implement a few other initiatives such as the following to enhance Kaohsiung status as a Asian tech hub for innovation.

  1. Expanding the Kaohsiung Software Park
  2. Launch various global accelerator and talent cultivation programs
  3. Finalize 5G network and smart city infrastructure
  4. Market leader in the promotion of conferences and exhibitions

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