The Small and Medium Enterprise Administration(SMEA), Ministry of Economic Affairs(MOEA) organized the No. 384、385 Steering Committee for the Small Business Innovation Research Program (SBIR) on 7 (month) 10 (date) 2020 (year) in which it reviewed and passed subsidies for innovative technology/service research projects for 3 projects in the services and culture creativity sector, 2 projects in the machinery sector, 1 projects in the electronics sector, 1 projects in the information communications sector, and 3 projects in the biotechnology and pharmaceuticals sector. The review meeting of the revitalization plan for SMEs affected by the COVID-19 epidemic passed 46 projects in the innovative technology application area and 21 projects in the innovative service area ,totaling 77 projects proposed by SMEs. 
　　
　　SMEA stated that the projects passed in the No. 384、385 SBIR Steering Committee will increase the subsidized companies' investments in R&D expenditures by NTD 115.295 million, among them, for SMEs affected by the COVID-19 epidemic, an additional subsidy of NTD 73.074 million is provide to help maintain their core technology and business model innovation capabilities. SMEA 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 7,481 innovation and research projects have been executed. The government has provided subsidies of over NTD 12,198.030 million and motivated NTD 22,965.593 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: http://www.sbir.org.tw