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2019-06-27
DIGI+ graduates are ready to lead the future
On June 21st, the Ministry of Economic Affairs’ (MOEA) Industrial Development Bureau (IDB) held the “DIGI+ Talent Accelerator & Jumpstart Program” job fair at the HNBK International Convention Center in Taipei. The job fair attracted more than 100 digital talents and 16 renowned enterprises, which provided over 200 digital economic job vacancies. The MOEA also launched a new job-matching platform for digital careers. The event applied innovative AI resume analysis system to enhance the recruitment efficiency, thereby catalyzing digital transformation in Taiwan. The IDB has cultivated 698 digital talents since 2017. More than 80% of students find their ideal jobs right after graduation, and the average salary is 10% higher than their peers. In cooperation with the 104 Job Bank, the IDB has created DIGI+ Cross-Domain Job-Matching platform, linking digital economic job vacancies from enterprises. Fifty-eight companies joined the platform within a month, providing over 400 job vacancies. Sixteen renowned enterprises participated in the job fair, including Acer and Taipei Fubon Commercial Bank. With the application of text-mining and big data analysis, it provided optimized job recommendation for candidates. IDB Director of Information Technology Industries Division Jiunn-Shiow Lin, Deputy Director General of Institute for Information Industry(III) Lee-Hwa Leu, 104 Corporation Vice President Weber Chung, and Industrial Technology Research Institute College Chief Learning Officer Benjamin Wang were invited to the event. IDB Director Jiunn-Shiow Lin stated that the IDB took the initiative to actively cultivate digital talent in response to the need for digital transformation. The program connects academia and industry with an innovative on-site project training model, and facilitates companies to find digital talent via a dynamic means of recruitment. Contacts Contact Organization: Information Technology Industries Division,Industrial Development Bureau, MOEA(IDB) Contact Person: Mr. Lin Contact Phone: (02)2754-1255 ext.2241
2018-11-14
SMEA Matchmaking for Taiwanese and Japanese Manufacturers. 10 Companies from Fukui Seek Partners in the Golden Valley in Taiwan.
A new chapter is opened for the development of added-value manufacturing between Taiwan and Japan. The Greater Taichung area with the technology corridor and a golden valley of industrial cluster has always played an important role in the manufacturing sector in Taiwan. To assist domestic companies in grasping business opportunities with Japan and improve their technical expertise, the Small and Medium Enterprise Administration, MOEA organized the “Linking Next-Generation Manufacturers - 2018 Taiwan-Japan Manufacturing and Processing Technology Business Opportunities Matchmaking Conference” today (November 14). Ten high-quality manufacturers from Fukui Prefecture formed a delegation to Taiwan to discuss business opportunities with small and medium enterprises in Taiwan. Small and medium enterprises in Taiwan and Japan, particularly Fukui Prefecture which is known for its manufacturing industry, enjoy close relations. They have organized seven matchmaking events for business opportunities with Taiwanese companies since 2012. Taiwan and Fukui Prefecture share many similarities in their industrial development. In addition to pursuing industrial technology upgrade and actively seeking regional cooperation, Fukui Prefecture industries, governments, and academia also closely collaborated to increase energy and vigor for technical advancement and industry strategies. Domestic companies can therefore learn from their experience. Fukui Prefecture has leveraged its solid foundation in world-class textile and eyewear optics to achieve outstanding performance in electronic products, electronic components, and electrical and mechanical manufacturing. To meet the characteristics and advantages of the manufacturing sector in Greater Taichung, the companies that visited Taiwan this year mainly included companies that specialize in metals, composite materials, and peripheral products. They included Yamauchi Matex, Takefu Special Steel, and Hokuriku Roka which all specialize in metal processing and precision manufacturing. Their products exhibit high levels of expertise and encompass golf clubs, building materials, and aerospace applications. Kawasaki Semiconductor Technology has unique high-tech deposition process for silicon wafers. The century-old company Emori & Co., Ltd. is a professional trading company that has conducted exchanges with the textile industry in Taiwan since the 1960s. During their visit to Taiwan, they hope to expand Taiwan’s advanced optics and professional design and manufacturing capacity to Japanese markets. The manufacturing industry in Fukui Prefecture has a long history and it has achieved maturity. Marvel Wood, winner of the 2016 “Wood Design Award”, developed an environmentally friendly agent that does not contain heavy metals and delivers great anti-corrosion and anti-ant performance that effectively prolongs the useful life of wood products used outdoors. Wakasa chopsticks (painted chopsticks) has been designated as a traditional national craft. its largest manufacturer Wakasa Center takes advantage of the popularity of Japanese food and hopes to make use of Taiwan’s leverage in Asian European, and American markets to expand overseas markets with Taiwanese companies. Small and medium manufacturers and service providers can seek matchmaking opportunities for funding, market expansion, and strategic alliances in the “Small and Medium Enterprise Management and Growth Added Value Program”. The Program has facilitated business collaboration of billions of NTD since its inception. Companies that seek collaboration for technology, marketing, and funding as well as those that seek to actively expand foreign markets are invited to visit the “Small and Medium Enterprise Matchmaking Business Opportunities Integrated Service Network” (www.technomart.org.tw) for information on events. Media spokesperson for the project: Su Wen-Ling, Deputy Director, Small and Medium Enterprise Administration, MOEA Office Number: (02) 2771-8121 ext. 1005 Email: Media contact person for the project: Kuo Ling-Lin, Section Chief, Small and Medium Enterprise Administration, MOEA Office Number: 02-23680816 ext. 213 Email: linglin@moea.gov.tw
2018-09-06
Fintech push to spur innovation, economic growth
At the Cabinet’s weekly meeting Thursday, Premier Lai Ching-te pledged government efforts to work with businesses in promoting responsible innovation and financial controls for financial technology (fintech), which he said will create greater prosperity for the people of Taiwan. In remarks following a briefing by the Financial Supervisory Commission (FSC) on fintech development efforts, the premier said the government should emphasize consumer protection as well as the stability of the financial sector when promoting financial technology. As the FSC pushes for greater fintech innovations, therefore, it should at the same time scale up the use of financial regulatory technologies. Fintech has not only transformed business models around the world but also revolutionized the way financial services are provided. Nurturing the sector and encouraging innovation will be the keys to Taiwan’s economic growth and a more competitive financial market, and are also the main directions laid out in the Executive Yuan’s financial development action plan introduced in June, he said. The premier also applauded the FSC for its efforts to construct a supportive environment for fintech innovation. In addition to promoting product development, personnel training and a development-friendly environment as central strategies for the transformation and upgrading of the financial sector, the commission has created a regulatory sandbox for fintech innovations, set up a fintech coworking space, and reinforced fintech cybersecurity measures. The FSC indicated that the coworking space, FinTechSpace, is scheduled to open on September 18, with a themed design embodying the spirit of fintech innovation. The facility offers partners an innovation lab, digital sandbox, global connections, regulatory clinics, and an alliance of innovators, all with the goal of creating a comprehensive environment for financial technology, and cultivating new talent and startups well versed in the industry. A total of 64 teams have submitted applications to join, with 37 so far approved, including 22 international teams from such countries as Singapore, the U.S., Japan, and the Philippines.
2018-06-04
The Ministry of Economic Affairs Promotes Innovative Model for Talent Development and Recruited 350 interdisciplinary digital talents nationwide
To accelerate Taiwan’s economic transformation and cultivate interdisciplinary professional talents in the digital economy, of the Ministry of Economic Affairs’ (MOEA) Industrial Development Bureau (IDB) is currently promoting “the DIGI Talent Accelerator & Jumpstart Program.” On May 21, 23, and 25, IDB held recruitment sessions respectively in northern, middle, and southern Taiwan to offer interviews to prospective interns with institutions for them to learn about the organizations and their practical trainings. The recruitments attracted nearly 1,000 students ranging from 3rd-year undergraduates to postgraduates, and received very enthusiastic responses from the participants. “Since 2017, the program has cooperated with industry, academia, and research institutes, adopted the blended online and offline learning model, promoted practice projects, and developed open and innovative model for digital talent training. In early May of this year, this program received recognition from the Association for Talent Development (ATD) by winning the Innovation in Talent Development Award, which demonstrates that the interdisciplinary model of digital talent development with practical projects promoted by IDB can truly solve the problems of current talent shortage in the era of digital economy,” said Zhen-wei You, IDB’s Deputy Director-General. “We expect the innovative cultivation model of the “DIGI Talent Program” to accelerate the process of strengthening our college students’ interdisciplinary digital capabilities to meet the industry’s demand for professionals and to keep up with pace of innovation,” remarked Deputy Director-General You. “The program trained 350 students in 2017 and delivered nearly 200 high quality works from the practical projects. In 2018, the program will work with 13 research institutes to train the selected students from 3rd-year undergraduates to postgraduates. The exposure to the five major fields, which are artificial intelligence (AI), internet of things (IoT), E-commerce, intelligent content, and data science/data analysis, will help students to understand digital economy earlier and can equip them with practical experiences and value productivity so as to allow enterprises to also discover outstanding talents earlier,” said Chao-Hong Liao, the Director of the Digital Education Institute at Institute for Information Industry. Contacts Contact Organization: Information Technology Industries Division, Industrial Development Bureau, Ministry of Economic Affairs Contact Person: Mr. Lin Contact Phone: (02)2754-1255 ext.2241
2018-01-02
Launching Ceremony of IoT Information Security Industry Standards--Enhancing Taiwan’s Information Security to Build a Reliable Digital Economy
Countries and corporations around the world have been increasingly attaching greater importance to information security. Taiwan has been actively developing under its 5+2 Industrial Innovation Plan, with information security as the basis for a digital economy. To show the government’s determination to promote the industries associated with information security, the Industrial Development Bureau (IDB) at Ministry of Economic Affairs organized the Launching Ceremony of IoT Information Security Industry Standards, which heralded Taiwan’s own information security standards, while sharing Taiwan’s experience in promoting IoT information security standards and follow-up strategies. Official representatives from National Security Council, National Development Council, Department of Cyber Security, and Taipei City Government, as well as industry leaders, such as TAICS Chairman Jonathan Tsang, attended this event to show their support. In addition, because domestic network monitoring cameras currently account for approximately 25 to 30% of global products, the large number of IP cam installations may easily result in breach of personal privacy and loss to financial service applications. As a result, a set of third-party information security standards and certification systems are urgently needed to assist Taiwanese companies to enhance the safety of their products. To serve this purpose, IDB officially announced today the completion of the Information Security Standards and Testing Specifications for IP Cam V1.0. We expect to formulate and promote the accreditation and testing system next year (2018) so as to progressively build up the capability of our information security testing services and lay the foundation for developing information security industry. In the future, IDB will move to promote the performance assessment criteria and regulations for information security related Taiwanese products internationally, strive to develop information security standards and testing regulations, as well as integrate network devices and smart application fields to connect to the world and explore more business opportunities. Contacts Contact Organization: Information Technology Industries Division, Industrial Development Bureau, Ministry of Economic Affairs Contact Person: Mr. Lin Contact Phone: (02)2754-1255 ext.2241
Advantages
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Strong terminal and component supply chains
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Platform advantages of rapid manufacturing, verification, and shipping
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Taiwan, with an average ICT service and network penetration rate of more than 80%, provides a complete infrastructure environment
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Taiwan offers 78 co-working spaces, seven public venture spaces, and 93 incubation centers
Policy Focus
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Taiwan's government began implementing the Asia Silicon Valley Development Program (ASVDP) in 2016. The plan has two focus points: "promoting IoT innovation and R&D" and "strengthening the innovative entrepreneurial ecosystem." The plan aims to link together advanced technology R&D capabilities, world class talent, capital, and markets worldwide, leading the way for a new economic development model and driving the comprehensive transformation and upgrading of Taiwan's industries through the IoT.
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Taiwan has established the “Asia-Silicon Valley Development Agency” and the Hutoushan Innovation Hub in Taoyuan City; at present, over 380 associations and corporations have participated in the project, with a total investment amount of NT$ 4.72 billion. The hub will provide IoT innovation capabilities and serve as a gateway to international innovation centers, such as Silicon Valley, becoming a site for verifying innovative applications and technologies of the information security, IoT, and self-driving car industries. The first phase of the hub was formally opened in June 2019, and aims to mainly develop "R&D testing of self-driving cars,", "information security industry" and "smart manufacturing industry."
Investment with Government Participation
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To accelerate the transformation and upgrading of Taiwan's industries, the National Development Fund invests up to 49% of total equity in enterprises under the 5+2 Industrial Innovation Plan - Smart Machinery, Asia Silicon Valley, Green Energy, Biomedicine, Defense, New Agriculture, and Circular Economy. The National Development Fund has allocated NT$10 billion for investment in SMEs, cultural/creative industries, strategic services, and strategic manufacturing industries, with total investment not to exceed 49%. Investment is conducted in conjunction with a professional management company.
Tax and Tariff Incentives
- The corporate income tax rate of Taiwan is 20%.
- Up to 15% of the company's R&D expenditures may be deducted from its corporate income tax for the year.
- Imported machineries that local-manufacturers cannot produce are eligible for duty-free treatment.
- Royalties paid to foreign companies for new production technologies or products imported from overseas that have patent rights, trademarks, or various concessions are exempted from income tax after gaining approval from the Industrial Development Bureau, MOEA.
- Investment in smart machinery/5G: For investments ranging from NT$1 million to NT$1 billion, one of the following two choices can be used: (1) 5% of investment spending, deducted from corporate income tax for the current year, (2) 3% of investment spending, deducted from corporate income tax over the span of three years, but the deduction amount may not exceed 30% of the corporate income tax payable in that year. The applicable period is from January 1, 2019 to December 31, 2021 for smart machinery industries; and January 1, 2019 to December 31, 2022 for 5G industries.
- Companies or limited partnerships that make substantial investments with undistributed earnings may deduct it from their undistributed earnings.
- Companies that move into export processing zones, science industrial parks, and free trade zones and etc., are exempted from import tariffs on machinery and equipment, raw materials, fuel, supplies, and semi-finished products. The business tax rate is zero for exporters of goods and labor services.
R&D Subsidies
- Global Innovation and R&D Partnership Plan
- Advanced Technology Research Plan
- Integrated R&D Plan
- Industrial Upgrading and Innovation Program
- Asia Silicon Valley smart business service application and promotion program
Success Stories
Development of smart applications
- The cloud computing service platform of Amazon – Amazon Web Services (AWS) is optimistic about Taiwan's flourishing innovation capabilities, complete industrial supply chain, and abundance of technology talent, and therefore established the New Taipei City-AWS Joint Innovation Center in New Taipei City in 2018. It further announced that the first AWS IoT Lab in Greater China will be established in Taipei in 2019, and AWS Partner Network (APN) will help customers accelerate the design and deployment of IoT applications. Current partners include the Industrial Technology Research Institute, SoftChef, QNAP Systems, CEC, LiteOn, and Sinomos.
- Microsoft teamed up with startups in Taiwan and its partners in the industry in the development of smart city applications, such as working with Osense Technology, an AR startup in Taiwan, and BTS, the largest railway group in Thailand, to make rail stations a destination for tourists and citizens through precision positioning and AR technology.
Cooperation in talent development
- Google launched its AI talent training program in Taiwan in March 2018, and continued to implement Intelligent Taiwan in 2019 to develop talent, the economy, and ecosystems.
- Siemens signed an MOU with the Department of Education, Taipei City Government for the "Digital Vocational Training Pilot Project," working together to strengthen industry-academia collaboration and improve the employability of Taiwan's vocational talent in the international market.
Source: InvesTaiwan
Contact
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InvesTaiwan Service Center
Email:service@invest.org.tw / Information Window for Key Innovative Industries
Add: 10046 8F, No.1 Xiangyang Road, Taipei, Taiwan
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Key Innovative Industries in Taiwan - Asian Silicon Valley (2.98MB)