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2016 Five Innovative Industries-Biotechnology and Smart Machinery Overseas Compatriot Entrepreneurs Visiting Group
Publish Date: 2016/12/16
Update Date: 2016/12/16
For the first time, the Overseas Community Affairs Council (OCAC) organized the 2016 Five Innovative Industries-Biotechnology and Smart Machinery Overseas Chinese Compatriot Visiting Group November 22-25. In accordance with the New Southbound Policy, the OCAC aimed to assist Taiwan's biotechnology, smart machinery and other innovative industries development, and promote business opportunity exchange and technical cooperation with domestic innovative industries. Initial investment and procurement has already reached NT$320 million. 

The group comprised of eight overseas compatriot entrepreneurs, five from the smart machinery industry and three from the biopharmaceutical industry. They came from the Philippines, Indonesia, Vietnam, Malaysia, the US, and New Zealand, respectively.

During their packed 3-day schedule, the eight entrepreneurs called on Vice President Chen Chien-jen, visited Taichung City Government and went to the Department of Investment Services, Ministry of Economic Affairs, to learn about the investment environment and industrial development. They also visited three outstanding domestic enterprises, Hsinchu Biomedical Science Park Incubation Center, and engaged in exchange with local businesses. On the afternoon of the 25th, together with Minister Without Portfolio John Deng of the Office of Trade Negotiations, Executive Yuan, OCAC Minister Wu Hsin-hsing hosted an investment matching meeting to which 20 domestic suppliers were invited to engage in exchange with them. The OCAC hopes to help overseas compatriot entrepreneurs do business with domestic enterprises, expanding exchange and cooperation between overseas and domestic industries.

This matching event had these entrepreneurs meet face to face with business operators in Taiwan to exchange their mutual requirements. Results were achieved with respect to procurement and investment. Total investment has reached NT$320 million already and follow-up procurements and investments are expected.

In accordance with the government's industry policy, the OCAC will continue to organize overseas compatriot visiting groups for various innovative industries to help domestic and overseas industries effectively link up and boost domestic investment momentum.
Minister Wu photographed with all the participants of2016 Five Innovative Industries-Bio-tech and Smart Machinery Overseas Chinese Compatriot Visiting Group
Visit Department of Investment Services, Ministry of Economic Affairs
Minister Wu (5th on right) accompanied the group to call on Vice President Chen Chien-jen (middle).
Visit GewXi Stem Cell Applied Technology Co.,Ltd
Visit Taichung City Government
Visit Taichung City Government
Visit Goodway MachineCorp.
Visit Shuz Tung Machinery Industrial Co.,Ltd
Visit Hsinchu Biomedical Science Park Incubation Center
Minister Wuhosted an investment matching meeting
Minister Wu (3th on right) photographed with all the participants
During investment matching meeting
Minister Without Portfolio John Deng of the Office of Trade Negotiations, Executive Yuan explain the New Southbound Policy
Minister Wu (middle) chaired the investment matching meeting and invited Minister Without Portfolio Deng (right) to explain the New Southbound Policy.
Member of parliament Tsai,Shih-Ying and Minister Wu photographed with all the participants of 2016 Five Innovative Industries-Biotechnology and Smart Machinery Overseas Chinese Compatriot Visiting Group
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