The Ministry of Economic Affairs held a news conference Jan. 7 in Taipei City to announce the Department of Industrial Technology’s achievements in promoting R&D cooperation with European countries.
Kuo Chao-chung, director general of the DOIT, noted that there has been rapid growth in domestic businesses’ investment in Europe. He cited the investment of US$4.9 billion in 2023, nearly a tenfold increase from 2022, and added that in 2024, the EU became Taiwan’s fourth-largest trade partner with a trade volume of over US$68.6 billion.
A government subsidy for international R&D cooperation has thus far facilitated 86 collaborations between Taiwan and Europe, the DOIT said. The department added that these initiatives have yielded NT$4.2 billion (US$132.7 million) for local industries, with a considerable amount of that revenue going to the optoelectronics and semiconductor industries.
One fruitful multinational alliance that has resulted from the subsidies is between Taipei City-based AiQ Smart Clothing Inc., and RWTH Aachen University and Entwurfreich. By working with a German design agency and university, AiQ has upgraded its production technique for smart clothing to largely reduce cost and diminish procedures, the DOIT said, adding that a first order of 300,000 pieces from seven countries has been placed.
As of now, Taiwan has signed memorandums of understanding with five countries in Europe and has launched recruitment of R&D projects with 14 nations in the region, the DOIT said. (POC-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
Kuo Chao-chung, director general of the DOIT, noted that there has been rapid growth in domestic businesses’ investment in Europe. He cited the investment of US$4.9 billion in 2023, nearly a tenfold increase from 2022, and added that in 2024, the EU became Taiwan’s fourth-largest trade partner with a trade volume of over US$68.6 billion.
A government subsidy for international R&D cooperation has thus far facilitated 86 collaborations between Taiwan and Europe, the DOIT said. The department added that these initiatives have yielded NT$4.2 billion (US$132.7 million) for local industries, with a considerable amount of that revenue going to the optoelectronics and semiconductor industries.
One fruitful multinational alliance that has resulted from the subsidies is between Taipei City-based AiQ Smart Clothing Inc., and RWTH Aachen University and Entwurfreich. By working with a German design agency and university, AiQ has upgraded its production technique for smart clothing to largely reduce cost and diminish procedures, the DOIT said, adding that a first order of 300,000 pieces from seven countries has been placed.
As of now, Taiwan has signed memorandums of understanding with five countries in Europe and has launched recruitment of R&D projects with 14 nations in the region, the DOIT said. (POC-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
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