On Global Research & Industry Alliance accelerating connection between startupsinternational VCs, Minister Cheng-Chung Wu estimates a NT$1 trillion value for 2024
Announcement On Global Research & Industry Alliance accelerating connection between startupsinternational VCs, Minister Cheng-Chung Wu estimates a NT$1 trillion value for 2024
Focus on the development of smart precision health and medical care industry, the Ministry of Science and Technology has established the Global Research & Industry Alliance to collaborate with universities, research institutes, and startup teams in the AI, 5G and blockchain fields, and incorporated international talents, resources, technologies and ecosystems to jointly shape the growth of health industry. Welcoming all sectors who attended the 2020 Bio Asia-Taiwan Exhibition, Minister Cheng-Chung Wu of the Ministry of Science and Technology at the launch ceremony of the alliance said that academia and research institutes are an indispensable and important factor in the development of science and technology, and he hopes that diverse approaches will promote Taiwan's smart technology growth for the next ten years.
The participation of Taiwan's information and communication companies of all sizes and startups can be seen in the biomedical industry, precision health, infant and child care, and long-term care. Minister Cheng-Chung Wu said that teamwork and ecosystems are the keys to the international markets and the growth of Taiwan's biomedical and health fields, and he encourages that all academic institutes actively cultivate the roads from industry-academia collaboration to the market.

He also mentioned that under the leadership of Director Chiu-Hui Chiu of the Department of Academia-Industry Collaboration and Science Park Affairs of the Ministry of Science and Technology, the startup ecosystem has become more diverse, and teams can see more growth opportunities. In the future, more foreign venture capitalists will be attracted to Taiwan, allowing the teams in Taiwan to have more opportunities to connect to the world.  The teams are expected to improve themselves in story-telling and presentation skills to share solutions. In addition to the growth of the number of startups, it is important to know how much capital they have successfully attracted. It is hoped that Taiwan's biotechnology and medical care output at NT$600 billion in 2020 will reach NT$1 trillion in 2024. 

The topics brought by the Alliance and other alliances include National Taiwan University's "NTU's pandemic control giving everyone a peace of mind,” Far East University's "FEU Global Research & Industry Alliance Technology Release,” National Chung Hsing University's "Development of Anti-Coronavirus and Cancer Drugs,” Taipei Medical University's "R&D and Technology Transfer Conference,” National Tsing Hua University's "Technology Presentation,” National Taiwan Ocean University's "Gene Selection and Application of Breeding, Quality and Branding Using Tilapia,” Chang Gung University's "Presentation on Virus Testing and Smart Medical Image Recognition Technology,” National Cheng Kung University's "Development of Innovative Medical and Biotechnology Equipment and Testing Reagents,” National Central University's "Biomedical Innovation and Application Technology Presentation,” National Taiwan Normal University's "Prospective Magnetic Biomedical Technology,” National Chiao Tung University's "Prospective Smart Medical Care Reproduction Assistance Chip,” National Yang-Ming University's "AI for Medical" and China Medical University's "Advanced Biomedical Technology Presentation.”

There are also signing of industry-academia collaboration projects for National Taiwan University and Cathay Financial Holdings, National Central University and DSM of the Netherlands, National Tsing Hua University and Amed, China Medical University and Ever Fortune.AI, Chang Gung University and EZconn and others.

There were many contracts signed for industry-academia collaboration projects for medical and health technology teams both at home and abroad.   Photo by Mark Tsai