Funding for 5G trials and testbeds are on offer for Australia’s private sector under the Federal Government’s new JobMaker Digital Business Plan.
The plan, announced on Monday, aims to provide training, develop systems and establish needed infrastructure to support a greater adoption of new technologies for businesses and consumers.
By doing so, the Federal Government believes business costs will fall, consumer choice will be enhanced, and businesses will have greater flexibility interacting with customers and shareholders.
It will invest almost $800 million in new initiatives, including $22.1 million in grant funding to support the private sector to invest in 5G trials and testbeds.
A further $7.1 million will be invested in accelerating 5G while telecommunications companies will be allowed to pay by instalments for the next spectrum auction, freeing up capital for investment.
Prime Minister Scott Morrison said this year’s budget would support businesses to recover from the pandemic.