By Chen Cheng-hui / Staff reporter
The Executive Yuan yesterday introduced a five-year, NT$11 billion (US$388.6 million) funding plan for the event of a 5G synthetic intelligence of issues (AIoT) innovation hub in Kaohsiung’s Asia New Bay Area (亞洲新灣區).
The challenge, which is to start this 12 months, would contain the Kaohsiung City Government, the Ministry of Economic Affairs, the Ministry of Transportation and Communications, the National Development Council, the National Communications Commission and the Ministry of Culture.
It goals to construct Taiwan’s most complete 5G and AIoT testing and demonstration services in the port metropolis, the economics ministry stated in an announcement.
Photo: Ko Yu-hao, Taipei Times
The authorities seeks to draw 50 native and international corporations, in addition to 120 start-ups, to affix the innovation hub over 5 years, producing NT$30 billion of latest funding and creating NT$120 billion in manufacturing worth, the assertion stated.
The Executive Yuan made the announcement after President Tsai Ing-wen (蔡英文) was briefed by the economics ministry and town authorities concerning the funding plan earlier yesterday at a gathering on the Kaohsiung Public Library.
Tsai stated the event of Asia New Bay Area performs an essential position in the federal government’s Great South, Great Development coverage, which goals to stability the event hole between southern and northern Taiwan.
It additionally represents a detailed collaboration between the central and native governments, she stated.
Kaohsiung is anticipated to turn out to be a “technology smart city” and demonstrates the belief of the coverage, Tsai stated.
Kaohsiung Mayor Chen Chi-mai (陳其邁) thanked the central authorities for its assist and stated town authorities would supply incentives for collaborating corporations.
These would come with zero-interest company loans for investments exceeding NT$400 million and a 25 p.c wage subsidy for staff, Chen stated.
The metropolis authorities would supply a preferential program for industrial land, he stated.
Companies organising store in the innovation zone would keep rent-free for the primary two years, could be given a 40 p.c low cost on their lease in the third and fourth years, and a 20 p.c low cost in the fifth and sixth years, Chen stated.
The metropolis authorities would additionally waive housing tax of NT$2 million for collaborating corporations for 5 years, he added.
The economics ministry stated the challenge comes at a time when abroad Taiwanese companies and worldwide companies are searching for enterprise alternatives in the nation amid China-US commerce tensions and industrial provide chain realignments.
The authorities goals to speed up high-tech improvement in the Asia Bay Area by way of 5G, AIoT, data expertise and digital industries, and improve Kaohsiung’s international standing, it stated.
The authorities plans to develop the Kaohsiung Software Park, launch international accelerator and expertise cultivation applications, full 5G community and good metropolis infrastructure, and promote conferences and exhibitions, in addition to develop the logistics trade, in town, the ministry stated.
Comments might be moderated. Keep feedback related to the article. Remarks containing abusive and obscene language, private assaults of any sort or promotion might be eliminated and the person banned. Final resolution might be on the discretion of the Taipei Times.