2016 ANNUAL REVIEW Ministry of Science and Technology

The mission of the Taiwan Innovation & Entrepreneurship Center Establishment Plan is to rely on the Taiwan Innovation and Entrepreneurship Center in Silicon Valley to link startup teams in Taiwan with Silicon Valley's entrepreneurial resources, such as by helping Taiwan's startup teams to occupy Silicon Valley's famous startup accelerators, immersion of startup teams in Silicon Valley's innovative startup ecosystem, and fostering interchange with entrepreneurs from around the world. At the same time, the plan will help Taiwan's startup teams to enhance their international profile and expand their international markets. Since the Taiwan Innovation and Entrepreneurship Center in Silicon Valley was established on June 19, 2015, it has conducted six rounds of selection procedures, and has selected 55 startup teams to continue their business development in Silicon Valley. These teams have received a cumulative total of more than US$38.0 million in funds raised internationally. In addition, 23 other teams have entered Silicon Valley's most prominent accelerators. Looking ahead to the future, in line with Taiwan's "Asian Silicon Valley" policy direction, MOST will continue to take the establishment of links to Silicon Valley's innovative entrepreneurial resources as an important objective, and hopes to gradually steer Silicon Valley's entrepreneurial manpower, technology, and funds back to Taiwan. MOST also hopes to transplant some of Silicon Valley's entrepreneurial culture, and hopes that young entrepreneurs in Taiwan will gradually be infected by the Silicon Valley spirit of bold adventure and lack of fear of failure. 2. Enhancing the output benefits of universities' R&D results: In order to boost industrialization capacity, the program is providing training in intellectual property practice to university personnel, and helping universities to establish professional intellectual property and market assessment capabilities. 3. Boosting universities' intellectual property skills: This program's professional training classes in intellectual property practice are helping universities to establish intellectual property and market assessment expertise, increasing their industrialization capacity. 4. Raising universities' international visibility: By encouraging universities to enter their R&D results in Singapore's Tech Innovation exhibition, the program has been helping universities establish international links and enhance their international perspectives. 5. Boosting the positive impact of academic R&D results on the innovative ability of industry in Taiwan: By linking the capacities of research institutions with industry and universities, the program is encouraging academic researchers to engage in high-value product R&D meeting industry's needs. With regard to the results of the Using Research Institutions to Link Industry-Academia Collaboration Projects during 2016, an inventory of R&D results not involving information and communications technologies found 2,502 results with industrialization potential, training in intellectual property knowledge and industrialization skills was provided to 181 university personnel, and a survey was performed of 104 companies' industrial technology needs. To harness the capabilities of five research institutions, the program established an industry-academic matchmaking service team in March 2016, which has thus far visited 150 university departments, provided consulting services in 200 cases, conducted 41 demonstration cases, and brought about NT$170 million in derivative technology licensing cases. It is projected that the benefits of R&D result industrialization derived from this program will reach NT$4.7 billion during the next five years. Taiwan Innovation & Entrepreneurship Center Establishment Plan Ⅸ Ministry of Science and Technology 91 Strengthening Industry-Academic Linkage and Innovation