The Overseas Community Affairs Council (OCAC) held the 2018 OCAC Biomedical Industry Program for Overseas Compatriot and Taiwanese Entrepreneurs July 2-7, 14 overseas and Taiwanese business people from 10 countries taking part. The Program was held in support of the government’s policy of encouraging investment in the 5+ 2 innovative industries to encourage overseas compatriot and Taiwanese business people to invest in the biomedical industry in Taiwan, the aim to tap the power of overseas compatriot and Taiwanese business people to drive investment and stimulate the industry’s development. During the Program, participants visited the Biotechnology and Pharmaceutical Industries Promotion Office, MOEA, and Nankang Biotech Incubation Center, SMEA, and visits were also made to eight domestic enterprises.
On July, 2, OCAC Minister Wu Hsin-hsing hosted a welcome lunch for participants. In his speech, he said that the OCAC has worked over many years to build up a network of contacts overseas and makes every effort to build an exchange platform for overseas compatriot and Taiwan businesses and domestic industry, saying the aim of the Program was to create business opportunities for both sides. He stressed that the domestic biomedical industry enjoys global advantages because it is combined with advanced medical technology and complete manufacturing clusters, and exhorted overseas compatriot and Taiwanese business people to come to Taiwan to engage in exchange, learn and to search for cooperation opportunities to increase the competitiveness of their business. Minister Wu also introduced the Compatriot Card and encouraged overseas compatriot and Taiwanese business people to join affiliated stores.
On July 5, the Program participants took part in a matching meeting with 15 domestic enterprises and OCAC Vice Minister Roy Yuan-Rong Leu chaired a general discussion meeting during which he encouraged Program participants to continue to support the policies of Taiwan’s government and to assist with developing overseas markets and investment by real action to create a win-win situation.
This event increased the understand of Taiwan’s biomedical industry of participants and offered an opportunity for direct contact with domestic enterprises, creating a foundation for investment in Taiwan. Participants all expressed their affirmation of the Program and gratitude to the OCAC for organizing it and pledged to cooperate with Taiwan’s biomedical industry to help it develop.
Members of the Program in a group photograph Minister Wu is in the middle on the front row; Director General, OCAC Department of Department of Business Affairs Wong Shu-hwa is first on left, front row