No. 488 489 SBIR Steering Committee Approved the subsidies for 10 SBIR Projects

The Small and Medium Enterprise and Startup Administration(SMESA), Ministry of Economic Affairs(MOEA) organized the No. 488  489 Steering Committee for the Small Business Innovation Research Program (SBIR) in which it reviewed and passed subsidies for innovative technology/service research projects for 1 project in the electronic sector, 2 projects in the information communications sector, 3 projects in the biotechnology and pharmaceutical sector, 1 project in the consumer goods and chemical industries sector, 3 projects in the services and culture creativity sector , totaling 10 projects proposed by SMEs.

SMEA stated that the projects passed in the No. 488  489 SBIR Steering Committee has increased the subsidized companies' investments in R&D expenditures by NTD 18.31 million. They are expected to motivate SMEs in investing more R&D human resources. The SBIR is promoted to incentivize and assist R&D activities for SMEs to facilitate growth. It also seeks to establish a comprehensive industry system based on the R&D outcomes and promote economic development in Taiwan.

In the most recent three years, a total of 1,595 innovation and research projects have been executed. The government has provided subsidies of over NTD 1,024.68 million and motivated NTD 1,969.51 million in investments by SMEs. The SBIR has made significant contributions to elevating the technology proficiency of SMEs, and facilitating the international competitiveness.

Program Service Hotline: 0800-888-968; Project Website: https://www.sbir.org.tw