Investment Incentives
	Government R & D Assistance Program

To encourage enterprises to develop new products and technologies, the government has established R&D assistance programs to share a company's product/technology development risks.

R&D Incentive Programs for Taiwan's Biotech Industries

Plan	Convening authority	Subsidies and grants	Final ownership of intellectual property rights	Qualification
Program of Assistance in the Development of Innovative Products	Industrial Development Bureau, MOEA	a. Source of grant: Included in the annual budget drawn up by the Industrial Development Bureau, MOEA b. Grant may not exceed 40% of the total R&D cost	Belongs to the company developing the new product	1. Limited to companies duly incorporated in accordance with the Company Law (including the manufacturing and technology service industries) and having a sound financial standing. 2. Having a research and development (R&D) department and sufficient R&D specialists in Taiwan. 3. Company or its R&D team have actual achievement of industry technology research.
Small Business Innovation Research Program (SBIR)	Department of Industrial Technology, MOEA	a. Initial Research Phase: Individual program shall be limited to six months; the total amount of assistance for each program shall be limited to not more than 50% of the total amount of assistance with a maximum of NT$1 million. Applicant first applies for grants supporting initial research. After recognizable achievement has been completed, grant is available for further research and development. The ceiling for the total amount of assistance can be increased to NT$6 million.  b. Research and Development Phase: Individual program shall be limited to two years. However, biotechnology and pharmaceutical programs approved by the Technical Review Committee can be extended to three years. The amount of assistance for each program shall be limited to not more than 50% of the total budgeted project assistance with maximum of NT$10 million. Annual maximum amount of assistance shall be limited to not more than NT$5 million.	Belongs to the company developing the new technology or product. However, the government may use the research results gratis, on a non-exclusive and non-transferable basis. If necessary, it may exercise its right to transfer the technology for use by a third party.	1. Company duly incorporated in accordance with the Company Law. 2. Small and medium business with capital below NT$80 million or number of registered employees less than 200. 3. Must not owe back taxes, nor have been involved with any government-contracted technology project terminated within the last five years.
Industrial Technology Development Program	Department of Industrial Technology, MOEA	The size of the grant provided shall be determined according to the nature of the program: a. For innovative products or for technology with a vital impact on the industry as a whole: 40%. b. For standard R&D: 30%.	Belongs to the company developing the technology or product. However, for the benefit of national and public welfare, the government may use the research results gratis, on a non-exclusive and non-transferable basis.	1. Company duly incorporated in accordance with the Company Law and having a sound financial standing. 2. Having a research and development (R&D) department and sufficient R&D specialists in Taiwan and having R&D management ability to execute projects. 3. Multiple companies with proven performance in previous technology projects may apply together, provided prior approval is obtained from the Industrial Development Bureau (IDB). 4. Company or firms are not eligible to apply if the company or firm executed a government-related technology project and recorded a major violation of the contract within the last five years.
Industrial Technology Innovation Center Program	Department of Industrial Technology, MOEA	a. The amount of assistance shall not exceed 50% of the approved R&D center's total budget. b. The ratio of assistance will be adjusted depending on the efficiency of R&D on domestic industry and shall not exceed 50% of the total budget amount. c. The cooperative research fee of the government's assistance shall not exceed 40% of the total budget.	Belongs to the company developing the technology or product. However, for the benefit of national and public welfare, the government may use the research results gratis, on a non-exclusive and non-transferable basis.	1. Company duly incorporated in accordance with the Company Law and having a sound financial standing. 2. Company or firms are not eligible to apply if the company or firm executed a government-related technology project and recorded a major violation of the contract within the last five years.
Industrial Technology Development Alliance Program	Department of Industrial Technology, MOEA	a. The span for initial research shall be limited to one year. b. Total budget for initial research may not exceed NT$10 million and the amount of assistance provided by the government shall be limited to not more than 50% of the total budget.	Belongs to the company developing the technology or product. However, for the benefit of national and public welfare, the government may use the research results gratis.	1. Companies duly incorporated in accordance with the Company Law or firms with tax registration engaged in business related to R&D services. 2. For projects implemented by multiple companies, one leading company files the application with the MOEA. 3. Company or firms are not eligible to apply if the company or firm executed a government-related technology project and recorded a major violation of the contract within the last five years.
Strategic Service-Oriented Research and Development Program	Department of Industrial Technology, MOEA	The size of the grant provided shall be determined according to the nature of the program: a. For innovative products or for technology with a vital impact on the industry as a whole: 40%. b. For standard R&D: 30%.	Belongs to the company developing the technology or product. However, for the benefit of national and public welfare, the government may use the research results gratis, on a non-exclusive and non-transferable basis.	1. Companies duly incorporated in accordance with the Company Law or firms with tax registration engaged in business related to R&D services and having a sound financial standing. 2. Company, firm or its professional team engaged in providing knowledge creation, circulation or value-added and having actual achievements. 3. Company or firms are not eligible to apply if the company or firm executed a government-related technology project and recorded a major violation of the contract within the last five years. 4. Multiple companies with proven performance in previous technology projects may apply together, provided prior approval is obtained from the Industrial Development Bureau (IDB). 5. Company or firm are not eligible to apply if the company or firm had previous executed any government-assisted projects and still under probation period .
Innovation Research Program	Science-Based Industrial  Park Association	a. The amount of assistance for this program shall be limited to not more than 50% of the total program budget and a maximum of NT$5 million. b. Grants within NT$5 million shall be reviewed by the Review Board of the Park Association. c. Grants more than NT$5 million shall be reviewed by the National Science Council Review Board.	a. Announcement of results: The Park Association reserves the right to make announcements about the research and its results. b. Patent Rights: Belongs to the enterprise developing the product or technology.	1. Approved by the committee of the science-based park, and the company must complete the registrations and have a sound financial standing.