Thu, Jul 09, 2009 - Page 11 News List

BioTaiwan set to showcase nation’s biotech know-how

STAFF WRITER, WITH CNA

BioTaiwan 2009, scheduled to open at the Taipei World Trade Center Exhibition Hall 1 on July 23, will showcase the latest developments in biotechnology and related industries both at home and abroad, the organizers of the event said yesterday.

The exhibition will feature a Taiwan biotechnology theme hall set up and manned by the Ministry of Economic Affairs’ Industrial Development Bureau (IDB) and the bureau is to collaborate with the non-profit Development Center for Biotechnology and organize a series of seminars to help local biotechnology companies tap markets around the globe.

IDB officials said 17 local biotechnology companies will exhibit their new products in biomedicine, biotechnology services and bio-lifestyles at the upcoming exhibition.

Biotechnology firms from New Zealand, Australia, Japan, Thailand, Canada, Germany and Malaysia are also planning to showcase their new products and innovative biotechnologies at the trade fair.

As well as the exhibition, a BioBusiness Asia forum is scheduled at a Taipei hotel on July 21 and July 22 to bring together biotechnology corporate executives and academics from home and abroad to discuss the latest development trends and potential business opportunities, the officials said.

The nation’s biotechnology sector has enjoyed booming growth, with private investment surging from NT$12.1 billion (US$366.67 million) in 2000 to a record high of NT$27 billion in 2007.

The number of listed biotechnology companies reached 35 in 2007, with a combined turnover of NT$191.2 billion.

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