Page 19 - 2023 BRAVO! TAIWAN – Your best investment choice

centers in the Linkou Startup Terrace and then Yawan Startup Terrace in 2019 and 2022, respectively. The Right Moment
company also organized the first ever startup and VC match-making event to support the startup community,
assist startups with securing funding, and help startups and Taiwanese companies to adopt cloud technology
and speed up digital transformation.

• Cisco established a demonstration center for smart city applications and solutions in Qingpu, Taoyuan
in November 2019; joined forces with Taiwanese businesses to create the first experimental 5G open
network platform in Taiwan in August 2020; and established the Cisco DevNet information security
training center in the Linkou Startup Terrace in March 2021 to cultivate international information security
talent and foster information security startups.
• Qualcomm, in September 2022, set up the Qualcomm Innovation Center in Yawan Startup Terrace's 5G AIoT
Innovation Park in Kaohsiung to better connect with local innovation talents and provide advisory services on
technologies, business models and intellectual property. The company also established dedicated network
areas for 5G testing and R&D to facilitate the landing of local and innovative applications of 5G.

Smart Machinery

Policy Focus

The government will develop core and application technologies through the Smart Machinery Industry Promotion
Program by connecting local, future, and international trends and integrating upstream, midstream, and
downstream industries to encourage big businesses to switch to smart manufacturing processes. This will spur
large-sized enterprises to enter into smart manufacturing and drive industrial diffusion. It will also guide small
and medium-sized enterprises to improve their digital capabilities, promote industrial upgrading, establish flexible
manufacturing, thereby boosting output growth and expanding international markets.

The establishment of smart robotics innovative maker sites by the Central Taiwan Science Park and Tainan
Science Park has fostered the emergence of many startups and training of specialized R&D manpower.

The "Smart Machinery Industry Promotion Program" passed by the Executive Yuan combines the strengths of
the machinery and ICT industries for the purpose of developing smart machinery applications and solutions. The
program has begun implementing numerous policy measures geared to accelerating the development of a smart
machinery industry:
• Establishment of a "smart machinery promotion office" in charge of integrating and coordinating interagency
resources in order to reap gains from cooperation and synergy.
• Improve the smart technology capabilities of SMEs and assist manufacturers and supply chains in digital
transformation; assist equipment manufacturers to develop equipment or production lines with smart
technology functions to promote the export of smart technology machinery or production lines internationally
and position themselves in high-end application markets in Europe, the U.S. and Japan, and expand the mid-
range application markets in New Southbound countries.
• A smart machinery industry park in Fengzhou, Taichung is a manufacturing site for smart machinery products.
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