The nation ranked 12th in the world and second -- next only to Singapore -- in Asia, in terms of collaboration between business and academic institutes, the Council for Economic Planning and Development (CEPD) said on Tuesday.
Council officials made the remarks when they unveiled a study on how to increase collaboration between business and academic institutes in order to create a more favorable environment for inspiring innovation.
The officials cited a global competitiveness report by the Lausanne-based International Institute for Management Development when pointing out that in the index of "knowledge transfer between companies and universities," Finland was top, followed by the US. Taiwan ranked 12th, ahead of Hong Kong, Japan and South Korea. Singapore was sixth.
They also cited the World Economic Forum's Global Competitiveness Report 2005-2006 when noting that Taiwan ranked eighth in the index of collaboration among industries, academic and research organizations, putting it ahead of South Korea in 10th and Hong Kong in 24th.
The Taiwan Institute of Economic Research found in a survey of 900 manufacturers that 43 percent of enterprises have worked with colleges and universities on research and development, showing that bus-inesses attach great importance to cooperation with colleges and universities to improve corporate efficiency.
The CEPD said the ratio of college and university R&D budgets coming from enterprises accounted for 5.2 percent in 2004 up from 4.2 percent in 2003, representing a six year high.