More funding for the 5G Innovation Initiative announced

The Australian Government is investing a further $20 million in funding for a second round of the Australian 5G Innovation Initiative.

The Initiative will enable organisations to trial the use of 5G technologies that could transform the Australian economy and encourage more businesses to adopt 5G technology.

Interest in Round One of the Initiative was very strong, with more applications received than funding was available.

The second round will make a further $20 million available for projects, with up to $2 million allocated for projects in the Western Parkland City which will build on the Australian Government’s investments under the Western Sydney City Deal.

The projects will help support Australia’s economic recovery, boost productivity, and create jobs.

The 5G Innovation Initiative directly supports the Government’s Digital Economy Strategy and will contribute to Australia’s goal of becoming a leading digital economy and society by 2030.

Consultation on the draft guidelines will commence in the coming weeks, with applications to open early in 2022.

Find out more

More information about the Initiative is available on the Australian 5G Innovation Initiative webpage.