Small and Medium Enterprise and Startup Administration, Ministry of Economic Affairs No. 479 480 SBIR Steering Committee Approved the subsidies for 8 SBIR Projects

The Small and Medium Enterprise and Startup Administration(SMESA), Ministry of Economic Affairs(MOEA) organized the No. 479 480 Steering Committee for the Small Business Innovation Research Program (SBIR) in which it reviewed and passed subsidies for innovative technology/service research projects for 2 projects in the electronic sector, 2 projects in the information communications sector, 2 projects in the consumer goods and chemical industries sector, 2 projects in the machinery sector, , totaling 8 projects proposed by SMEs.

SMEA stated that the projects passed in the No. 479 480 SBIR Steering Committee has increased the subsidized companies' investments in R&D expenditures by NTD 13.4 million. They 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 facilitate 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 8,975 innovation and research projects have been executed. The government has provided subsidies of over NTD 13,489.18 million and motivated NTD 24,944.7 million in investments by SMEs. The SBIR has made significant contributions to elevating the technology proficiency of SMEs, and facilitating the international competitiveness.

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

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