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Small and Medium Enterprise and Startup Administration, Ministry of Economic Affairs No. 484 485 SBIR Steering Committee Approved the subsidies for 23 SBIR Projects
2024-06-27

Small and Medium Enterprise and Startup Administration, Ministry of Economic Affairs No. 484 485 SBIR Steering Committee Approved the subsidies for 23 SBIR Projects

The Small and Medium Enterprise and Startup Administration(SMESA), Ministry of Economic Affairs(MOEA) organized the No. 484 485 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, 4 projects in the machinery sector, 3 projects in the biotechnology and pharmaceutical sector, 1 project in the consumer goods and chemical industries sector, 4 projects in the services and culture creativity sector , 10 projects in the potential startup, totaling 23 projects proposed by SMEs.SMEA stated that the projects passed in the No. 484 485 SBIR Steering Committee has increased the subsidized companies' investments in R&D expenditures by NTD 36.46 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 1,567 innovation and research projects have been executed. The government has provided subsidies of over NTD 993.05 million and motivated NTD 1,920.61 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

Ministry of Economic Affairs Hosts Taiwan-U.S. SME Forum in New York Inviting entrepreneurs from Taiwan and the U.S. to Promote Bilateral Business Collaboration
2024-06-24

Ministry of Economic Affairs Hosts Taiwan-U.S. SME Forum in New York Inviting entrepreneurs from Taiwan and the U.S. to Promote Bilateral Business Collaboration

The Small and Medium Enterprise and Startup Administration (SMESA) of Ministry of Economic Affairs (MOEA) hosted the "Taiwan-U.S. SME Forum" on June 20, 2024, at the Sheraton LaGuardia East Hotel in New York City. The forum gathered government officials, representatives from SMEs and startups from both Taiwan and the United States, under the theme "United for Success". The event focused on development trends, challenges and cooperation opportunities in technological innovation and biotechnology and healthcare, with more than 80 participants from Taiwan and the United States in attendance.During his opening remarks, Ambassador James Lee of the Taipei Economic and Cultural Office in New York highlighted the close and complementary economic relationship between Taiwan and the United States, emphasizing the critical role of SMEs. He expressed confidence that Taiwanese companies could enter the U.S. market through New York, while U.S. companies could use Taiwan as a springboard to enter East Asia and South Asia markets. He anticipated that the forum would foster numerous business connections and partnerships.An official representative from the U.S. Small Business Administration noted the United States and Taiwan have a long standing and vibrant trade relationship. SBA will continue to work with Taiwan to grow the relationship for SMEs in the U.S. and Taiwan. SBA has 68 offices around the country and over 1,000 resource partners ready to assist SMEs. Hope by the end of this forum, SMEs will be better prepared to grow their business globally, form new partnership and opportunities.Deputy Director General Chia-Ying Wu of the SMESA noted that the United States is the world's leader in high-tech industry and occupies a global leading position in biotechnology and healthcare. Taiwan enjoys advanced technologies including semiconductors, ICT, and a complete industry supply chain, as well as excellent clinical and medical sectors which have developed diverse cross-field medical applications and solutions. She highlighted the potential for collaboration in technological innovation and biotechnology and healthcare between Taiwan and the United States, looking forward to more substantive cooperation through the establishment of the official dialogue and non-governmental exchanges in the future.The forum featured presentations from the U.S. Department of Commerce officials on the U.S. business environment and available resources. In the technological innovation segment, John Lynn, COO of WEVE Acceleration, Thomas J. Grech, President of the Queens Chamber of Commerce, Gancheng Sun, Business Strategy Director of Amogy, Terry Hsiao, President of Monte Jade Science and Technology Association of Greater Washington, and Hsin-Cheng Hsiao, CEO of Oen Tech, shared insights on the tech innovation environment and market trends in both countries. They also provided specific recommendations on cooperation models and market entry strategies.In the biotechnology and healthcare segment, speakers included Po Chen, Founder and CEO of Cancerfree, Chen-Yong Cher, CTO of Graphen, Peikwen Cheng, CEO of Yiviva, Yen-Po Chin, Chairman of AGM International Group, and I-Lin Tsai, COO of Astron Medtech. They discussed the development of the U.S. biotech and healthcare market and shared perspectives on collaboration platforms, clinical trial cooperation, and technology commercialization.The SMESA noted that 10 startups currently being incubated in New York were also invited to participate in the forum, providing them with exposure and business opportunities. The SMESA will continue organizing Taiwan-U.S. SME events to deepen bilateral economic and trade cooperation.

Ministry of Economic Affairs Hosts APEC SME Workshop, Inviting Member Economies to Facilitate Low Carbon Transformation Through Digital Innovation
2024-06-13

Ministry of Economic Affairs Hosts APEC SME Workshop, Inviting Member Economies to Facilitate Low Carbon Transformation Through Digital Innovation

The Small and Medium Enterprise and Startup Administration (SMESA) of the Ministry of Economic Affairs (MOEA) hosted the APEC Digital Innovation to Implement SMEsLow-Carbon Transformation Workshopon June 12-13. Experts from the public sector, industry, and academia from Japan, Indonesia, Malaysia, Peru, the Philippines, Viet Nam, and Thailand, as well as leading MNEs, Merck Life Science and Siemens, were invited to participate in the workshop. The event aimed to not only raise awareness of green transformation among APEC economies but also lead participating SMEs from member economies in practical exercises, utilizing innovative low-carbon solutions to assist SMEs with low-carbon transitions.Dr. Chin-Tsang Ho, Deputy Minister of Ministry of Economic Affairs, emphasized the importance of addressing climate change through digital technology in his opening remarks. He stressed that Taiwan s Pathway to Net-Zero Emissions in 2050,implemented in 2022, aims to drive industries to meet supply chain and global green initiative requirements. Following the pathway, the government encourages core factories to lead both upstream and downstream supply chain partners in carbon reduction efforts. By collaborating with industry associations, the government aims to enable SMEs to conduct digital carbon inventories and reduce carbon emission. In addition, the government provides relevant grants and loans to alleviate the financial pressure of upgrading and transitioning, and to accelerate the advancement towards smart and low-carbon practices. The MOEA welcomes APEC economies to participate in this workshop, and hopes that the knowledge and skills acquired from the workshop will be beneficial for the SMEs of the member economies.The SMESA noted that award-winning enterprises and startups from the Green-Tech Startup Challengewere invited to share their collaboration experiences of green technologies and innovative low-carbon solutions. This workshop aimed to increase green resilience for SMEs and, through digital empowerment, enhance the ability of startups and women-owned enterprises to participate in supply chains.The SMESA also noted that the workshop included corporate visits by participants from APEC member economies such as Indonesia, the Philippines, Thailand, Vietnam, Malaysia, and Peru, to Hushan Industrial Co., Ltd., and O right International Corporation, Taiwan s role models in carbon reduction and achieving net zero. The carbon-reduction learning from these corporate visits, combined with courses led by KPMG Carbon Resource Assurance and Advisory Services Co., Ltd. and the Plastics Industry Development Center on two main topics: The Process to Conduct Digital Carbon Inventoryand Leveraging Digital Innovation to Reduce Carbon Emission,were designed to enhance attendeesuse of digital innovation solutions to achieve carbon reduction.The SMESA stated that in response to the twin trends of green and digital transitions, the SMESA will continue to collaborate with APEC member economies to assist SMEs with their green transformation, implementing initiatives aimed at enhancing green competitiveness and promoting sustainable and inclusive growth.

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