$5 Billion Open Innovation Service Platform To Be Developed in Taiwan

Taiwan’s Ministry of Economic Affairs plan to set up an open innovation service platform to encourage cooperative R&D programs. The project will cost NT$5 billion and will take four years to complete.

12,000 researchers from key R&D institutes will participate in the programs. Organizations include the Industrial Technology Research Institute and the Materials and Chemical Laboratories. The goal is to expand 13 industrial sectors to keep up with the digital economy and future global changes.

R&D projects will focus on technologies like autonomous driving, precision medicine, artificial intelligence and blockchain.

Luo Da-Sheng, Acting Director General of the Department of Industrial Technology says that the government hopes to create more collaboration between organisations and industries through the open innovation science platform.

The Taiwanese government is also aiming to establish channels that will enable R&D talent to be shared between organizations in order to maximise collaboration across fields.

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