In the global technological domain, Taiwan has strong advantages in R&D and industrial applications in such fields as semi-conductors, medical devices, software and hardware manufacturing.
During the past 20 years, industrial structures have been transforming to advanced levels through technological innovation and upgrading. Yet, with a strong commitment to R&D, Taiwan has maintained its competitiveness and crucial position in the global ICT value chain.
In today’s knowledge-based economy, scientific and technological innovation has become a key driver of economic growth and national progress. Taiwan’s Ministry of Science and Technology (MOST) is trying very hard to facilitate stronger links between academic research and industrial development. At the same time, MOST will foster commercializing innovative science and technology research products, bringing them another step closer to meeting industrial needs. By fostering an innovative and entrepreneurial spirit and encouraging creativity in science and technology, MOST will boost Taiwan’s academic and industrial competitiveness at the international level.
Following the international technology development trend, In the near future, the Ministry will set up an artificial intelligence and robotics production base as part of wider government effort to foster the AI industry and bolster Taiwan’s competitiveness in smart manufacturing. The Ministry will also aim to develop IoT technologies while building a complete innovation and entrepreneurial ecosystem according to Asia Silicon Valley Development Plan. The plan will also focus on IoT security, augmented and virtual reality, artificial intelligence applications, self-driving vehicles and mobile lifestyles. These efforts will be combined with the New Southbound Policy to take advantage of new economic trends and opportunities.