June 20, 2005
The Council for Economic Planning and Development has granted approval to the Industrial Development Bureau for its plan to provide
NTD 20 billion in low-interest financing to both domestic and foreign enterprises that set up research and development centers in Taiwan.
This program, while specifically aimed at the establishment of
R&D centers, is designed based on the government's existing program for general
R&D low-interest financing. These new loans are to be applied towards such
R&D-related expenses as real estate, instruments and equipment, the acquisition of intellectual property rights and operating costs. As the loans can be used for real estate acquisition, this program has the added benefit of stimulating Taiwan's real estate market.
Under this program, financing will also be extended to companies, such as Quanta Computers, that have already set up
R&D centers here.
The IDB is currently drawing up guidelines for this financing program and is expected to begin accepting applications in the second half of the year.
The encouragement of both domestic and foreign enterprises to establish
R&D centers in Taiwan is an important goal of the government's Challenge 2008-National Development Plan. Taiwan aims to boost it competitiveness by developing as a global innovation and
R&D center in support of overseas manufacturing operations.
(Central News Agency)
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