The Small and Medium Enterprise Administration(SMEA), Ministry of Economic Affairs(MOEA) organized the No. 374 Steering Committee for the Small Business Innovation Research Program (SBIR) on April 17, 2020 in which it reviewed and passed subsidies for innovative technology/service research projects for 4 projects in the services and culture creativity sector, 6 projects in the information communications sector, and 2 projects in the consumer goods and chemical industries sector, totaling 12 projects proposed by SMEs. The list of approved projects is provided in the Appendix below.
　　SMEA stated that the projects passed in the No. 374 SBIR Steering Committee has increased the subsidized companies' investments in R&D expenditures by NT$19.258 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 achieve sustainable development and growth. It also seeks to establish a comprehensive industry system based on the R&D outcomes and promote economic development in Taiwan.
　　Since the SBIR was launched in February 1999, a total of 7,224 innovation and research projects have been executed. The government has provided subsidies of over NT$11,924.715 million and motivated NT$22,589.521 million in investments by SMEs. The SBIR has made significant contributions to elevating the technology proficiency of  SMEs, and facilitating the international competitiveness and transformation of domestic industries.
　　Program Service Hotline: 0800-888-968; Project Website: https://www.sbir.org.tw