The Small and Medium Enterprise Administration(SMEA), Ministry of Economic Affairs(MOEA) organized the No. 386、387 Steering Committee for the Small Business Innovation Research Program (SBIR) on 7 (month) 28 (date) 2020 (year) in which it reviewed and passed subsidies for the revitalization plan for SMEs affected by the COVID-19 epidemic passed 77 projects in the innovative technology application area and 40 projects in the innovative service area, totaling 117 projects proposed by SMEs.

　　SMEA stated that the projects passed in the No. 386、387 SBIR Steering Committee will increase the subsidized companies' investments in R&D expenditures by NTD 161.504 million, among them, for SMEs affected by the COVID-19 epidemic, an additional subsidy of NTD 135.377 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 7,598 innovation and research projects have been executed. The government has provided subsidies of over NTD 12,333.407 million and motivated NTD 23,127.097 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