Taiwan to cultivate world-class medical equipment firms
10-Nov-14, CENS
Taiwan Cabinet recently held the 10th Bio Taiwan Commission (BTC) meeting, announcing that the government plans to cultivate at least two flagship medical equipment firms on the island each to generate annual revenue outstripping NT$10 billion (US$333.3 million), and shape the island into a clinical trial hub in Asia, by integrating resources from Ministry of Science and Technology (MOST), the Ministry of Economic Affairs (MOEA), and Ministry of Health and Welfare (MOHW).
The meeting was presided by Mao Chi-kuo, Vice Premier of the Cabinet, and Chiang Been-huang, Minister of MOHW, and attended by heavyweights of global pharmaceutical, venture capital and biotechnology industries.
To help local medical-equipment makers tap global supply chains, DoIT aims to build a more sound industrial environment, as well as international own-brands on the island, to shape the island into a production and innovation base of high-end medical equipment in Asia.