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Small and Medium Enterprise and Startup Administration, Ministry of Economic Affairs No. 471 472 SBIR Steering Committee Approved the subsidies for 7 SBIR Projects

Post date:2023-11-17

The Small and Medium Enterprise and Startup Administration(SMESA), Ministry of Economic Affairs(MOEA) organized the No. 471 472 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, 1 project in the consumer goods and chemical industries sector, 2 projects in the biotechnology and pharmaceutical sector, 3 projects in the services and culture creativity sector, totaling 7 projects proposed by SMEs.

SMEA stated that the projects passed in the No. 471 472 SBIR Steering Committee has increased the subsidized companies' investments in R&D expenditures by NTD 11.87 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.

Since the SBIR was launched in February 1999, a total of 8,931 innovation and research projects have been executed. The government has provided subsidies of over NTD 13,440.56 million and motivated NTD 24,865.40 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: http://www.sbir.org.tw