Transcript Innovation

MINISTRY OF ECONOMIC AFFAIRS
Innovation of SMEs in Taiwan
Dr. Robert S. Q. Lai
Director General
Small and Medium Enterprise Administration
Ministry of Economic Affairs
July 2009
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MINISTRY OF ECONOMIC AFFAIRS
Outline
I.
Foreword
II. Overview of Taiwan’s Economic and
SME Development
III. Policy Framework
IV. Strategies and Measures to Promote
SME’s Innovation
V.
Conclusion and Recommendations
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MINISTRY OF ECONOMIC AFFAIRS
I. Foreword
1. Characteristics of SMEs
1) High importance towards the development
of society.
2) Large in number, high diversity, dynamic
structure.
3) High contrast of being transferred in/out
4) Employees face larger challenges and
increasing pressure.
5) Relatively weak in comparison with large
enterprises.
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MINISTRY OF ECONOMIC AFFAIRS
2. SMEs’ Contribution to Economic Society
1) Playing a key role in industry structure to link
up- and down-stream industries.
2) Developing foreign trade, creating foreign
exchange and employment opportunities.
3) Providing remarkable contributions to building
up a middle-class in society.
4) Continuously supporting economic
development and stabilizing society.
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MINISTRY OF ECONOMIC AFFAIRS
3. The Relationship of Entrepreneurship and Economic Growth
Existing
Enterprises
Transformation and
Upgrade
Straits and
Predicament
Moved
out
Closed
Enterprises
and
Industries
Start-Ups
Economic
Development
And
Growth
Emergence of new SMEs with
technology-oriented and high
added value
Positive Recycle of Economic Development
Entrepreneurship (transformation, upgrade and New start-up) based on Innovation
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MINISTRY OF ECONOMIC AFFAIRS
II. Overview of Taiwan’s Economic
and SME Development
1. Economic Development of Taiwan
A. About Taiwan
Area: 36,000 sq. km
Population: 23.04 million
Per Capita Income: US$17,294
Foreign Trade（goods）:
World’s 18th largest trading nation*
Number of Enterprises: 1.27 million
Number of SMEs: 1.24million
Ratio of SMEs to All Enterprises: 97.6%
*Statistics in 2008
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MINISTRY OF ECONOMIC AFFAIRS
B. An Outline of Taiwan’s Economic Growth
YEAR
Population
1952
2008
8.13 million
23.0 million
GNP
US$1,674 million
US$401.8 billion
Per Capita GNP
US$196
US$17,542
Agri. Output/GDP
32.2%
1.7%
Industrial Output
/GDP
Exports
19.7%
25.0%
US$116 million
US$255.6 billion
Imports
Foreign Exchange
Reserves
US$187 million
Less than US$100
million
US$240.4 billion
US$291.7 billion
Sources: Statistics Indicators of Major Countries, Statistic Department, MOEA, 2009
Directorate General of Budget, Accounting and Statistics, 2009
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MINISTRY OF ECONOMIC AFFAIRS
C. Structure of Production (% of GDP by
Sector)
Unit: %
Year
Agriculture
Industry
1952
32.2
19.7
12.9
48.1
1960
28.5
26.9
19.1
44.6
1970
15.5
36.8
29.2
47.7
1980
7.7
45.7
36.0
46.6
1990
4.2
41.2
33.3
54.6
2005
1.7
25.9
22.3
72.4
2008
1.7
25.0
21.7
73.3
Manufacturing
Services
Sources: 1. Taiwan Statistical Data Book 2005, CEPD, June 2009
2. Statistics Indicators of Major Countries, Statistic Department, MOEA, May 2009
3. Directorate General of Budget, Accounting and Statistics, 2009
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MINISTRY OF ECONOMIC AFFAIRS
D. Policies and Strategies in Different Stages of
Taiwan’s Economic Development
1) Import-Substitution / Labor-Intensive
Industry : 1953-1962
2) Export-Expansion / Light Industry :
1963-1972
3) Import-Substitution / Heavy Industry : 19731980
4) Industry Upgrade / Strategy Industry : 19811990
5) Hi-Tech Industry : 1991-2000
6) Creative R&D Industry : after 2001
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MINISTRY OF ECONOMIC AFFAIRS
E. Economic Developing Process of Taiwan
1. Economic Development Stages
1950
1960
Labor
Intensive
Industry
1970
Light
Industry
1980
Heavy
Industry
1990
Strategic
Industry
Joined WTO
Jan 2002
2010
2000
Hi-Tech
Industry
Creative
R&D
Industry
(1)
1950-2000 Economic Growth Rate (GDP%):
8.1 % (Average)
(2)
2001 Economic Growth Rate (GDP%):
2002 Economic Growth Rate (GDP%):
2003 Economic Growth Rate (GDP%):
2004 Economic Growth Rate (GDP%):
2005 Economic Growth Rate (GDP%):
2006 Economic Growth Rate (GDP%):
2007 Economic Growth Rate (GDP%):
2008 Economic Growth Rate (GDP%):
2009 Economic Growth Rate (GDP%, forecast)
-2.17%
4.64%
3.50%
6.15%
4.16%
4.80%
5.70%
0.06%
-4.25%
(3)
2008 GDP structure :
73.3%
25.0%
1.7%
Service Sector
Industrial Sector
Agriculture Sector
Source: Directorate-General of Budget, Accounting and Statistics, Executive Yuan, R.O.C.
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MINISTRY OF ECONOMIC AFFAIRS
2. Role of SME’s Development
A. Criteria for Identifying SMEs
SECTORS
SMEs
Basic
Micro Business
Exception
Manufacturing,
Construction, Mining,
Quarrying
Capital
< US$2.3
Million
Employees
< 200 persons
Employees
< 20 persons
Commerce,
Service
Preceding
year revenue
< US$2.9
Million
Employees
< 50 persons
Employees
< 5 persons
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MINISTRY OF ECONOMIC AFFAIRS
B. Current Status of SMEs in Taiwan
All enterprises
SMEs
% of
SMEs
No. of enterprises
1,266,664
1,236,586
97.63
Total employments
(thousand persons)
10,294
7,939
77.12
No. of employees
(thousand persons)
7,735
5,383
69.60
Total Sales (NT$ million)
(US$ million)
35,886,186
(1,106,130)
10,171,750
(313,527)
28.34
Domestic Sales (NT$ million)
(US$ million)
26,277,826
(809,939)
8,536,591
(263,126)
32.49
1,635,150
(50,401)
17.02
Export Sales (NT$ million)
9,608,324
(US$ million)
(296,160)
Source: White Paper on SMEs in Taiwan, 2008.
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MINISTRY OF ECONOMIC AFFAIRS
C. Enterprise Ages in Taiwan
units: no. of enterprises
2007
Age
2003
2004
2005
2006
Total
enterprises
SMEs
% of
SMEs
Less than 1
year
112,154
108,610
125,667
108,320
93,233
92,957
7.52
1 – 2 years
104,183
110,649
108,989
120,530
106,945
106,082
8.58
2 – 3 years
82,234
87,612
96,365
91,400
101,216
100,057
8.09
3- 4 years
69,545
70,895
79,583
83,272
79,252
78,070
6.31
4- 5 years
64,843
61,321
65,055
70,133
73,889
72,474
5.86
5- 10 years
248,300
245,280
249,414
247,247
255,435
248,543
20.10
10- 20 years
283,225
287,444
298,662
290,121
306,246
296,163
23.95
Over 20
years
207,296
218,365
229,959
233,076
250,448
242,240
19.59
1,253,694
1,244,099
1,236,586
100
Total
1,171,780
1,190,176
1,266,664
Source: Collected from Ministry of Finance Tax Data Center Business Tax statistics.
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MINISTRY OF ECONOMIC AFFAIRS
D. Policies for Fostering SMEs and Start-ups
Philosophy – Service, Minding, Esteem, Awareness
Top SMEs,
Incorporation
Co., 1~3%
Award Strategy
1. National Award
2. Rising Star Award
3. R&D Award
mechanism for supporting
Middle
entrepreneurial activity &
Layer of SMEs,
innovation
Limited Co.,
Guidance Strategy
11 Guidance Systems
Start-up SMEs
Enterprises
27~34%
Grouping Strategy
1. Mutual Cooperation
2. Industry Cluster
3. Local Featured Industry
4. Financing Programs
Foundation of SMEs
65~70%
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MINISTRY OF ECONOMIC AFFAIRS
Eleven Guidance Programs to Assist SMEs
• Finance and Credit Guidance System
• Management Guidance System
• Production Technology Guidance System
• Research & Development Guidance System
• Information Management Guidance System
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MINISTRY OF ECONOMIC AFFAIRS
• Industrial Safety Guidance System
• Pollution Control Guidance System
• Marketing Guidance System
• Mutual Support & Cooperation Guidance System
• Quality Enhancement Guidance System
• Business Startup & Incubation Guidance System
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MINISTRY OF ECONOMIC AFFAIRS
Developing Strategies and Targets of SMEs
Create Sound
Developing Environment
of SMEs
Set up A Platform
of Entrepreneurship
and Incubation
for SMEs
Entrepreneur Park
for the Growth
and Development
of SMEs
Implementation of
Financing Support
Mechanism for SMEs
Enhance the
Application Ability
of Information
Technology
of SMEs
Strengthen the
Guidance Function
of Management
for SMEs
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MINISTRY OF ECONOMIC AFFAIRS
E. Government Assistance
1) After Got the Assistance Measures of
Management, Financing & Credit Guarantee,
etc., Many SMEs Become Large Enterprises.
2) Among Them, 226 Enterprises Listed on
Taiwan Stock Exchange Corp. Market, 276
Listed on OTC Market, 141 listed on
Emerging Stock Securities Market.
3)For example, the Acer and the FOXCONN Are
the Benchmark Enterprises.
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MINISTRY OF ECONOMIC AFFAIRS
Ⅲ. Policy Framework
1.Characterization of Globalization Era for SMEs
 Knowledge based Economy (KBE)
 E-Age (Networking and String Interaction)
 “Globalized” Market
 New Technological Impact, e.g. Nanotechnolgoy (It offers an
opportunity for the “latter comer reshuffle.)
“Dynamic” Characteristic
and
“Time-based”
Innovation Strategies
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MINISTRY OF ECONOMIC AFFAIRS
2. Knowledge Based Economy
Market
Knowledge
Processing
(Management)
$
Speed
Innovation (Platform)
(time-based innovation strategies)
 In other words, in the globalization era for SMEs are:
Speed, Innovation, and Market
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MINISTRY OF ECONOMIC AFFAIRS
3.Challenge and Strategy under Globalization
Knowledge
Digital Era
Strategy
2︰
How to achieve
clarity earlier?
When opportunity
remains substantial
and attractive
Knowledge
Management
$
Knowledge-based Economy Market
Processing
(management)
Speed
Globalization
Innovation(platform)
Time-based innovation strategies
Strategy 3：
Comprehensive methodology for
commercialization of Hi-tech should be developed
Identify the core tech’s of the firm
Capability to Integrate & Fuse of tech’s
Built-up a tech’s platform for products
Strategy1︰
Shorten the time to
market of new
product and even
make profit earlier
•Intensification of
information
New service demand/New business model
Skill substitute/Product substitute
New Technological Impact
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MINISTRY OF ECONOMIC AFFAIRS
4. Policy Framework on Enhancing R&D Capability
Market
Commercialization
R&D
Ideas
Business
Matching
and Promotion
Award and
Commendation
Start-up/
incubation
Investment
Financial Support
Business
Innovation and
Incubation
Fostering
Entrepreneurship
integration
11 SME Guidance Systems, MOEA
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MINISTRY OF ECONOMIC AFFAIRS
5. Positions of R&D Innovation Assistance Measures
Commerce-maturity
High
Apply
Project of Upgrading Competitiveness
for Traditional Industry
Small Business Innovation Research
R&D Strategy
Project for Business Incubation and
Entrepreneurship Development
Pilot Project of New Product Development
Project for Industry to Develop
Industrial Technology
Economy-Wide Project for R&D
Basic
Project for Basic Research
Create New Industry, Upgrade Competitiveness
Low
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MINISTRY OF ECONOMIC AFFAIRS
Ⅳ.Strategies and Measures to
Promote SME’s Innovation
1. Fostering Enterpreneurship
A. The Three Key Stages of Start-up Guidance
Entrepreneurial
Consulting Service
- Entrepreneurial Consulting Service
Center
-Start-up Knowledge Base
-Start-up Forum / Start-up
e-Newsletter
-Start-up promotional activities
Toll-free consulting service hotline:
0800589-168
Results
Achieved
(2004 – 2008)
Entrepreneurial
Entrepreneurial Lab
Learning Center
-Individual guidance for
entrepreneurs
-Service and technology
matching
-Follow-up services
-Training courses for
entrepreneurs
-Entrepreneurship
lectures
-Entrepreneurship
conferences
• Entrepreneurial consulting service provided on
44,040 occasions
• Cultivation of 10,631 start-up managers
• Cultivation of 1,148 new enterprises
• Creation of 6,029 new jobs
• Stimulating NT$4,458 million in new investment
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MINISTRY OF ECONOMIC AFFAIRS
B. Promotional Methods
Start-up Promotion Measures
Start-up Knowledge Base
Entrepreneurial Consulting Service
0800-589-168
7000 inquiries per year
Start-up Competitions
and Start-up Guidance
(Pre-incubation)
Entrepreneurial Learning
Center
900 trainees per year
Entrepreneurial Lab
Individual diagnostics and
guidance
•“F.A.Q”, and e- newsletters
•Teaching manuals
•On-line learning materials
•Lectures on new trends and new
ideas relating to entrepreneurship
•Start-up consulting case studies
•Consulting database
•Model start-ups
•Start-up management research
communities and periodicals
500 instances per year
Business Start-up
Award
12 start-ups
Databases of the results achieved in industryuniversity collaborative R&D projects
Start-up competitions and commercialization
guidance
Regional start-up and innovation services
information
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MINISTRY OF ECONOMIC AFFAIRS
C. Other measures for Facilitating Entrepreneurship

Scheme 
Entrepreneur 
WeWin
of Wild
Consultant
Goose
for Labors
Measures 
Scheme
of
Youths
Assistant
Virtual
Pattern of
MicroFor Surviving
Entrepreneur
Entrepreneur Enterprises
purposes
(Campaign)
University
Objects
Youths
Unemployed
Students and
Women
Labors
Enterprises

TIC 100
Virtual
Entrepreneur
(Campaign)
University
Students
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MINISTRY OF ECONOMIC AFFAIRS
D. Case : Wretch Limited Company
Authorized Capital: NT 20 million
Characteristics
WRETCH was founded in 1999 by 6 university students in
National Chiao Tung University and registered in March 2005,
providing service of immediate photo album on the Internet. It
has offered an exclusive Internet photo album to each user for
free on campus. In accordance with Google in Stand-ford
University, WRETCH run a win-win situation between
company’s profit , user’s right and interests. There are 2.8
million members in 2006. Now WRETCH has been merged into
YAHOO with USD 21 million in March 2007.
Government Guidance and assistance
Commend to join and win The 4th Business Start-Up Award
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MINISTRY OF ECONOMIC AFFAIRS
2. Business Innovation and Incubation
A. Function of Incubators
•
To reduce risks and expenses of investment and
increase successful rate of start-up enterprises.
• To foster new products, new business-model and new
technology.
• To provide guidance in commercializing R&D
achievements.
•
To provide a location for cooperation of academics
and industries.
•
To provide testing services and speed up the
development of products.
• To provide training courses, information and consultation.
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MINISTRY OF ECONOMIC AFFAIRS
B. Small Business Innovative Research (SBIR)
Phase I:
Evaluate new ideas
and innovations
Max: NTD 1 M
R&D Alliance: 5
M
Phase II:
Start to Research
and Develop
Max: NTD 10 M
R&D Alliance: 50M
Grants
Grants
Duration: 3-6/9 months
Duration: 2 years
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MINISTRY OF ECONOMIC AFFAIRS
C. Project on Cooperation between Industry and Academia
 Objectives:



to direct the affluence of R&D resources of the academic sector to the
industrial sector
to assist the industrial enterprises in enhancing the design of
innovative products
Measures
 The government launched in 1992 this project to encourage the
industrial and academic sectors to jointly form a research team to
conduct R&D of innovative technologies.
 The project provides each approved case with R&D fund between
155 and 310 thousand US dollars, and the participating enterprises
need to pay for 25% of total research cost.
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MINISTRY OF ECONOMIC AFFAIRS
D. Assist conventional industries to provide and
upgrade technologies
Ideas/
Innovation
Technolog
y
Assistance
Check
the
Correlate
d
Indexes
to
Confirm
the
Target of
Incubator
Technology/
Talent
Training
Feasibility
Study
1.
2.
3.
4.
Analysis
Analysis
Analysis
Analysis
R&D
Facilities
of Marketing
of Technology
of Customers
of Management
Governme
nt R&D
Resources
Complete Technology
Development
Patents
Applicatio
n or
Technolog
y
Financin
g
Set up
Factory
and
Production
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MINISTRY OF ECONOMIC AFFAIRS
E. NSI R&D Supports
Testing
• Lab Equipment
• Product Acceptance
Review
Development
• Recruiting
• Training
Design
• Patent Application
• Technology Transfer
Specification
• Consultation
• Government Support
Feasibility Study
• Marketing Intelligence
• Patent Search
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MINISTRY OF ECONOMIC AFFAIRS
F. R&D Planning Service for Industry and University
Collaboration
Patent Database
Technology Thesis
Database
Consultants Group
Start-ups Information
International Business
Matching Information
Benchmark for
Start-ups
Provide patent
analysis
tools for SMEs
R&D Planning
Service for
Industry and
University
Collaboration
Innovative
Core SMEs
Start-ups Database
for SMEs
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MINISTRY OF ECONOMIC AFFAIRS
3. Financial Support
A. Sources of Financing
Invest (15%)
SME
Investment
Companies
Incubation
Fund Account
Private Funds
SME
Development
Fund
National
Development
Fund
SMEs
&
Domestic Loans Start-ups
Banks
Capital
Markets
VC
Guarantee
SME Credit
Guarantee
Fund
Government
Agencies
invest
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MINISTRY OF ECONOMIC AFFAIRS
B. Measures of Financial Supporting
1.
SME Credit Guarantee Fund
2.
Culture and Creative Industry Loans
3.
Digital Content Loan
4.
Loans for Buildup of R&D Environment
5.
SME Innovation Research Award
6. Business Start-up Award
7. New Business Start-up Loans
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MINISTRY OF ECONOMIC AFFAIRS
C.Loans for New Business Start-up
Implementing agency: National Youth Commission, Executive Yuan
Targeting young entrepreneur aged 20 – 45.
Young
Entrepreneur
Loan amount: Up to NT$4 million per person per loan (including
Loans
personal loan of up to NT$1 million)
Start-up Loans
for
Microenterprises/
Entrepreneurial
Women
Implementing agency: Council of Labor Affairs, Executive Yuan
Targeting entrepreneurs aged 45 – 65 whose microenterprise has been
registered for less than 1 year or female entrepreneurs aged 20 – 65
whose business has been registered for less than 2 year.
Loan amount: Up to NT$1 million
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MINISTRY OF ECONOMIC AFFAIRS
D. Case : Tong-Jou Aluminum-Can Manufactory Co., Ltd.
l Established in April 2002. Capitalization: NT$2,000,000. Employees:
4. Main products: aluminum tube and aluminum can by ODM. 70%
of sales are for export.
l 2003-The manager acquired the Micro-enterprise Start-up Loans at
the age of 62.
l 2004-The manager was awarded the first of Micro-enterprise Start-up
Loans model award.
l 2004-2005:The company acquired the R&D Loan of NT$6,160,000
with 85% credit guarantee from the Small and Medium Business
Credit Guarantee Fund.
l With the support of the R&D Loan, the company is developing the
machine and container for vaporizing essential oil.
l 2004-The company acquired the intellectual property patent. They
promoted the products successfully to the international market by
cooperating with Innovation Incubation Center at Oriental Institute of
Technology.
l 2003-2006-The revenue increases each year from NT$8,000,000,
10,000,000, 14,000,000 to 18,000,000. The capitalization in 2007 is
boosted to NT$5,000,000. The employees also increased to 18.
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MINISTRY OF ECONOMIC AFFAIRS
4. Start-up/ Incubation Investment
A. Seed Capital / Expansion Financing
Funding
Source
SME Development Fund
Small and Medium
Enterprise Administration,
MOEA
Implementing
Agency
Implementation
method
Executive Yuan Development
Fund
Investment Services
Office
SME Development
Corporation
Start-up Investment and Trust
Accounts
(NT$2 billion allocated by the SME
Development Fund)
Participating
enterprises
Started Oct. 2003
1.Taiwan SME
Incubation Corp.
2.Huayang SME
Development Corp.
3.Kuangyang SME
Development Corp.
4.Trinity Investment
Corporation
1.Mega International Commercial Ban
2.Taiwan SME Incubation Corp.
3.China Development Industrial Bank
4.Huayang SME Development Corp.
5.Industrial Technology Investment Corp.
Investment Services Office service items: 1. Investment consulting service
3. Investment matching
Single contact window
Toll-free hotline: 0800-056-476
Strengthening implementation of SME
investment projects
(NT$10 billion allocated from the Executive
Yuan Development Fund)
Started Aug. 2007
1.YFY Biotech Management
2.Taian Tech
3.Taiwan SME Incubation Corp.
4.Xu-Bang Technology
5.First Consulting Co., Ltd.
6.Huayang SME Development Corp.
7.Harbinger Venture Management
2. Value-added guidance and training course provision
4. Guidance resource referrals
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MINISTRY OF ECONOMIC AFFAIRS
B. Investing Procedures of Investment Account
6. Post-investment management
3. Reject
1. Apply
SMEs
1. Search
4. Reply
Investment
Review
Board
5. Disburse funds and
obtain stock shares
2. Seek approval
3. Approval
SME
Development
Fund
3. Approval Letter
(c.c. to Trustee)
Trustee
a. SMEs submit application to the management company investment review board (MCIRB), or
investors can submit application to MCIRB for search of investment targets.
b. After receipt of an application, the investment management company should evaluate the
application and prepare a evaluation report.
c. After the approval of MCIRB, the application is submitted to SME Development Fund for
investment approval.
d. If the application is approved, SME Development Fund will issue a letter of approval to the
investment management company and the trustee. Then, the trustee disburses the investment
funds and obtains the shares under instructions of the investment management company.
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MINISTRY OF ECONOMIC AFFAIRS
C. Case: ABBA Linear Tech Co., Ltd.
The Investment Account funded ABBA R&D expenses
to advance its technology. The Sweden SFK Group, the
key global bearing technology manufacturer, then was
attracted by its outstanding R&D technology to merge
the company. For reinforcing the supply chain in
Asian area, the SFK Group purchased all the stock
shares of ABBA through its Taiwan subsidiary and
investment company. The acquisition price is about
3.2 times of the ABBA’s net stock equity value per
share.
Capabilities on the R&D
of new products and new
technology:
Possessed several international patents. Product
quality keeps pace with
Germany and Japan.
Mastering on product
tendency and critical
technology.
Company
Profile
60%
50%
40%
30%
Funds
Invested
20%
10%
0%
91
Sales expense
92
93
Admin. expense
Average
R&D expense
Funds
Sold
Established date: July, 1999
Address: Tucheng City, Taipei County
Capitalization: NT$260,000,000
Employees: 180
Main products: linear guideways, ball screw
Date: July 29,2005
Shares: 624,000
Investment cost: NT$20,400,000
Earning shares: NT$224,000
Date: April 17, 1997
Average price per share: NT$49.42
Net Income: NT$30,838,875
Investment profits: NT$10,438,875
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MINISTRY OF ECONOMIC AFFAIRS
5. Award and Commendation
Business
Model/Quality
Market Share
R&D
Innovation
National Awards of
SMEs
Rising Star Award
•SME Innovation Research Award
•Excellent SBIR Creation/ R&D Alliance/
Industry Upgrade/ R&D Achievement/
Industry Contribution Awards
Business Start-up Award
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MINISTRY OF ECONOMIC AFFAIRS
6.Business Matching and Promotion
Enhancing
the product/
technology
exposure
opportunity
Assisting to
develop
the product
marketing
circuit
Demand Side
1.VC & Angel
2.Enterprises
who seek to
upgrade
3.Commercial
agent
Matching
Train
Accelerating
technology
Commerciali
zation
Strengthening
network
marketing
ability
Presentation
New Techniques/Products
Exhibition
New Techniques/Products
Arrange Business Discussion &
Promotion
New Product
Exhibition
Technomart and
Cooperation
Enhancing more
successful case
and much
amount
Supply Side
1.Enteprises
who own new
techniques
2.Enteprises
who own new
products
Web
Demonstration and
E-commerce
42
V. Conclusion and Recommendations
MINISTRY OF ECONOMIC AFFAIRS
1. Conclusion
The Necessity of Resource Integration
It is necessary to integrate resources among different
government departments to maximize efficiency on promoting
industry-academia cooperation.
The Role of Local Government
To develop and implement effective plans of industryacademia cooperation, local governments should play an
important role, especially on the assistance of local industry
to build collaborative relationship with local universities and
research institutes.
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MINISTRY OF ECONOMIC AFFAIRS
Build-up of Platform and Database
It is important to build a platform and database that contain
the information of technology owned by academia and the
needs of SMEs to stimulate business matching.
Innovative Regulatory Environment
To build a favourable infrastructure for industry-academia
collaboration, governments should assist in improving R&D
regulatory framework, foster human resources, reform
education system, release the R&D energy from academia
through deregulation.
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2. Recommendations
MINISTRY OF ECONOMIC AFFAIRS
A. Government should have long-term vision and initiate
feasible action plans to meet the needs of SMEs.
B. Key success factors of SMEs: Innovation, Speed, Value and
Entrepreneurship.
C. Innovation policies should provide channels for startups to
have access to the supports of financing, R&D, marketing
and commercialization, and should promote technological
and human skills upgrading.
D. Taiwan is a good example to learn the best practices in
business startup, innovation, incubation, capacity-building,
and new approaches for SME policies and instruments.
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MINISTRY OF ECONOMIC AFFAIRS
Thank you for your attention!
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