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Small and Medium Enterprise Administration, Ministry of Economic Affairs No. 390, 391 SBIR Steering Committee Approved the subsidies for 48 SBIR Projects

Post date:2020-08-25
The Committee for the Small Business Innovation Research Program(SBIR).png

The Small and Medium Enterprise Administration(SMEA), Ministry of Economic Affairs(MOEA) organized the No. 390, 391 Steering Committee for the Small Business Innovation Research Program (SBIR) in which it reviewed and passed subsidies for the revitalization plan for SMEs affected by the COVID-19 epidemic passed 31 projects in the innovative technology application area and 17 projects in the innovative service area, totaling 48 projects proposed by SMEs. 

SMEA stated that the projects passed in the No. 390, 391 SBIR Steering Committee will increase the subsidized companies' investments in R&D expenditures by NTD 65.800 million, among them, for SMEs affected by the COVID-19 epidemic, an additional subsidy of NTD 57.141 million is provide to help maintain their core technology and business model innovation capabilities. SMEA 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 achieve sustainable development and 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 7,653 innovation and research projects have been executed. The government has provided subsidies of over NTD 12,395.348 million and motivated NTD 23,200.847 million in investments by SMEs. The SBIR has made significant contributions to elevating the technology proficiency of SMEs, and facilitating the international competitiveness and transformation of domestic industries.

Program Service Hotline: 0800-888-968; Project Website: https://www.sbir.org.tw