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SBIR Program Fuels Innovation in Taiwan: New Award Results and Impact

The Ministry of Economy's Small Business Innovation Research (SBIR) program recently released the latest award results, showcasing its continued commitment to fostering innovation and driving economic growth in Taiwan. With a focus on supporting small and medium-sized enterprises (SMEs), the SBIR program plays a crucial role in promoting sustainable development and building a thriving entrepreneurial ecosystem.

One of the key highlights of the recent announcement is the allocation of a total of 9.75 million NT$ in grants, which will enable recipient companies to further their innovative research and development endeavors. These grants, provided by the SBIR program, serve as a catalyst for SMEs to enhance their capabilities, accumulate research talent, and contribute to the overall advancement of Taiwan's industries.

The awarded projects span a diverse range of fields, including service innovation, information and communication technology, consumer products, and electronics. By supporting such projects, the SBIR program aims to encourage the growth of SMEs while fostering the creation of a robust and comprehensive industrial ecosystem. These efforts are vital in propelling Taiwan's economy towards a prosperous and sustainable future.

Please find below the summary of the SBIR program's recent award results:

Awarded CategoriesNumber of Projects
Service and Cultural Innovation3
Information and Communication Technology2
Consumer Products2
Electronics3

Since its inception in 1999, the SBIR program has been instrumental in driving innovation and research and development activities among SMEs. With a cumulative total of 8,870 successfully executed projects, the program has provided grants amounting to over 133.8 billion NT$. These grants have further catalyzed SMEs to invest approximately 247.7 billion NT$ in research and development, thereby elevating their technological capabilities and boosting their competitiveness in both domestic and global markets. Additionally, these endeavors have facilitated the transformation and upgrading of traditional industries, contributing to Taiwan's economic growth and resilience.

The SBIR program remains committed to empowering SMEs and ensuring their long-term success. By encouraging and supporting innovative research and development, the program not only fosters the growth of SMEs but also facilitates the establishment of a vibrant industrial ecosystem. The ultimate goal is to position Taiwan as a global leader in innovation and drive the country's future economic development.

Please find below the summary of the SBIR program's recent award results:

Economic Bureau SBIR AccomplishmentsAmount
Total Number of Grants8,870
Cumulative Grant Amount133.8 billion NT$
Cumulative Leveraged R&D Investment247.7 billion NT$
Leveraged R&D Investment by Companies16 million NT$

Through the SBIR program, the Ministry of Economy continues to champion innovation, empower SMEs, and drive Taiwan's economic transformation. These ongoing efforts will contribute to the country's competitiveness on a global scale and pave the way for a prosperous and sustainable future.

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