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Small and Medium Enterprise Administration, Ministry of Economic Affairs No. 392 SBIR Steering Committee Approved the subsidies for 16 SBIR Projects

The Small and Medium Enterprise Administration(SMEA), Ministry of Economic Affairs(MOEA) organized the No. 392 Steering Committee for the Small Business Innovation Research Program (SBIR) in which it reviewed and passed subsidies for innovative technology/service research projects for 5 projects in the services and culture creativity sector, 5 projects in the machinery sector, 1 projects in the electronics sector, 1 projects in the information communications sector, 1 projects in the biotechnology and pharmaceuticals sector, and 2 projects in the consumer goods and chemical industries sector. The revitalization plan for SMEs affected by the COVID-19 epidemic reviewed and passed 1 projects in the innovative service area, totaling 16 projects proposed by SMEs.SMEA stated that the projects passed in the No. 392 SBIR Steering Committee will increase the subsidized companies' investments in R&D expenditures by NTD 33.094 million, among them, for SMEs affected by the COVID-19 epidemic, an additional subsidy of NTD 1.04 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 7,669 innovation and research projects have been executed. The government has provided subsidies of over NTD 12,414.656 million and motivated NTD 23,233.941 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: http://www.sbir.org.tw

Taiwan-India SME Cooperation Forum Creates Innovative Business Opportunities

Taiwan-India SME Cooperation Forum Creates Innovative Business Opportunities

To build a Taiwan-India SME cooperation platform, deepen our bilateral partnership, and further expand innovative business opportunities for SMEs, the Small and Medium Enterprise Administration (SMEA), Ministry of Economic Affairs (MOEA) collaborated with the India-Taipei Association to hold a Taiwan-India SME Cooperation Forum in the afternoon of August 31, 2020. This forum has successfully created a dialogue platform for Taiwan's and India's SMEs, developed an innovative cooperation model between Taiwanese solutions and India's IT platforms, promoted more than 100 cooperation discussions, and confirmed 18 cooperation intentions in smart businesses.The opening remarks of this forum were given by Dr. Chin-Tsang Ho, the Director General of the SMEA, MOEA and Mr. Gourangalal Das, the Director General of the India-Taipei Association. They both expressed their full support for Taiwan's and India's SMEs to deepen their partnership and jointly explore global business. The main themes of this forum are smart competitiveness, innovative business opportunities, and international market configuration. Indian IT multinationals Tata Consultancy Services, Tech Mahindra, etc. and outstanding Taiwanese SMEs were invited to share information about their applications of smart products and services for enhancing their competitiveness. Furthermore, innovative businesses and international configurations were aggressively exchanged between Taiwanese and Indian enterprises on site. This forum was also opened online for participation through video. More than 100 Taiwanese and Indian business partners were attracted to watch the live forum broadcast and eagerly convey their high interest in cooperation between Taiwan and India. The rebroadcast of this forum video will be available online as a business reference for the many partners who are interested in Taiwan-India SME cooperation.Looking ahead, Taiwan and India will continuously intensify their bilateral SME partnership. Moreover, the SMEA of MOEA will work with related corporate bodies to upgrade, through think tanks and innovative technologies, the core competence of Taiwanese SMEs'international configuration and the value of their worldwide business.For further details, please contactSpokesperson: Ms. Pei-Ti HuDeputy Director General,Small and Medium Enterprise Administration, MOEA02-2366-2202bdhu@moea.gov.twPress Contact: Ms. Yi-Chun ChenSection Chief,Small and Medium Enterprise Administration, MOEA02-2366-2251ycc@moea.gov.tw

Chinese Taipei and Indonesia Accelerate Women Entrepreneurship through Virtual Workshop

Chinese Taipei and Indonesia Accelerate Women Entrepreneurship through Virtual Workshop

Staying Connected During the PandemicOn 26-27 August, more than 40 participants from Chinese Taipei, Indonesia and other APEC economies connected through their digital devices and took part in the "APEC Women-Led Start-Up Accelerator Workshop". Despite the current COVID-19 pandemic, the Small and Medium Enterprise Administration (SMEA), Ministry of Economic Affairs (MOEA) of Chinese Taipei and Ministry of Cooperatives and Small and Medium Enterprises (CSMEs) of Indonesia successfully co-hosted this event through virtual means, signifying the bonds and connections between APEC economies, SMEs and women entrepreneurs will not be broken by the COVID-19 pandemic.The participants of the event were mostly women entrepreneurs who came from various backgrounds including NGOs, industries, policy makers and start-ups from the APEC economies. Together these key stakeholders shared their experiences and insights on how to empower female entrepreneurs, strengthening the cooperation among SMEs in APEC.Empowering Women and Building CapacitiesThe workshop began with opening remarks delivered by Ms. Pei-Ti Hu, Deputy Director General of SMEA, MOEA and Mr. Hanung Harimba Rachman, Deputy Minister for Financing of CSMEs. "As women entrepreneurs'role in economic development become more and more important, it is clear that every government need to ensure a gender friendly entrepreneurial environment in their respective economies,"said Ms. Pei-Ti Hu."We know that the potential of women entrepreneurs has not yet been fully unleashed, and that by empowering women entrepreneurs in the APEC economies, we can contribute to the region's overall inclusive growth and share prosperity,"continued Ms. Hu, as she stressed the importance of women empowerment and the essential goal of the workshop.APEC Women-led Start-Up Accelerator InitiativeAlthough women's capability on access to market and capital in the APEC region has improved over the years, it was shown on a 2019 report by the APEC policy support unit that in terms of capital access, it is still harder for women to access credit in comparison to men; while in terms of market access, women's entry still faces regulatory and legal barriers.With the goal to increase women's access to capital and market, Chinese Taipei, co-sponsored by Malaysia, Thailand and the Philippines proposed the APEC Women-led Start-Up Accelerator Initiative. This workshop is the first event held under the initiative. A second workshop will be hosted in October in Malaysia, followed by a third workshop to be hosted in November in Taipei. Finally, a concluding APEC Women-led Start-Up Accelerator Forum will be hosted in November in Taipei.Through these events, Chinese Taipei will continue to strive for women's empowerment and for the advancement of women's economic participation to create a more enabling environment toward inclusive growth.For further details, or to arrange possible media interviews, please contact:Ms. Pei-Ti HuDeputy Director General, Small and Medium Enterprise Administration, MOEA02-2368-0816 #202bdhu@moea.gov.twMs. Hsin-Yi TsengSection Chief, Incubation Division, Small and Medium Enterprise Administration, MOEA02-2368-0816 #257thy@moea.gov.tw

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