National Taipei University of Technology
  • 2019 Aug 16
  • NTUT GLORIA’s Medical Devices Forum Expands Economic Potential of the Biomedical Market

NTUT GLORIA’s Medical Devices Forum Expands Economic Potential of the Biomedical Market

The Smart Sensor and Medical Devices Forum, jointly sponsored by the NTUT GLORIA, Taiwan Medical and Biotech Industry Association (TMBIA), and the Taiwan Society of Engineering Technology and Practical Medicine (TWSETPM), was held in Hall 1 of the Taipei World Trade Center in downtown Taipei City on June 28th. The forum welcomed representatives of the medical devices sector and related academic experts to discuss and share their expertise on a broad range of current issues in the medical device and sensor applications arena. An important goal of this forum was to set the stage for the development of critical new technologies and the creation of new partnerships in this bourgeoning field.
The forum was the first activity organized by the three sponsors under their joint MOU signed on May 2nd. The prestige of these three organizations successfully brought together the best and brightest from the medical devices sector to share their diverse commercial and academic experiences and to maximize the collaborative value of such industry-academia convocations.
National Taipei University of Technology President Sea-fue Wang remarked that education and research have always shared equal footing at NTUT since the institution’s founding more than a century ago. Moreover, he noted that the NTUT’s main research emphases on smart manufacturing, energy and the environment, and sensor applications have recently expanded to include medical equipment. Not only has NTUT founded the Medical Equipment Engineering Interdisciplinary R&D Center, but it has also forged cooperative partnerships with Far Eastern Memorial Hospital’s Orthopedic Surgery Department, TMU’s Shuang Ho Hospital, Taipei Medical University, and the Plastics Industry Development Center (PIDC) in order to help businesses develop and commercialize critically needed new biomedical materials. Furthermore, President Wang stressed that NTUT’s strong and competitive competencies in electrical engineering, electronics, and ICT education and research are now being targeted on critical issues in the medical arena and have already generated impressive R&D results and technology breakthroughs. Examples include smart wearables, remote patient-care systems, orthopedic prostheses, minimally invasive surgical equipment, and ‘Internet of Brains’ (IoB) technologies. The NTUT GLORIA is actively building more opportunities for industry-academia cooperation and increasing the value and economic impact of today’s biomedical sector.
TMBIA President Francis Hong commented that exports currently account for 70% or more of the domestic medical equipment manufacturing sector. With this in mind, he said, businesses in this industry should proactively and strategically address the marketing, market, innovation, and biotech issues that are key to prevailing against intense global competition. TMBIA is eager to develop with the NTUT GLORIA the next generation of ‘star’ medical equipment products.
TWSETPM President Wen-han Chang shared that, on average, fewer than five new startups in Silicon Valley survive to celebrate 5 years in business. Medical equipment startups, he noted, must focus on developing applications that are practical for physicians to use. China Association for Medical Devices (CAMD) Industry Executive Vice President Feng Jiang remarked that high quality and superior technology now undergirds the strong interest in China for Taiwan-made medical equipment. However, the significant mismatch in legal requirements between Taiwan and China is a formidable hurdle that must be overcome in order to secure lucrative market access. In particular, he pointed to equipment specifications and certifications as two key areas awaiting resolution. CAMD, which cooperates regularly with a number of Chinese institutes of higher education, is also deliberating over how to best transfer new technologies to industry.
NTUT GLORIA Director Chia-hwa Lee remarked that physicians in Taiwan enjoy at least a 10-year lead in terms of technology. Effectively integrating Taiwan’s technological advantages with ICT tools to develop preventive and precision therapies will, Director Lee stated, facilitate the domestic biotechnology industry’s expansion into international markets. Moreover, he said, NTUT already works with many hospitals and, benefitting from the feedback received from their physicians, is able to develop medical equipment that fits patient needs even more closely. Therefore, TMBIA member companies will be important future targets of NTUT industry-academia cooperation in the future.