The government is moving ahead with a plan to open a new technology research center to serve as the country’s industrial innovation and research base, the Council of Economic Planning and Development (CEPD) said.
The plan was approved by the Executive Yuan in November as part of a program to promote industrial innovation through cooperation among industry, academics and research institutes.
The Ministry of Economic Affairs will establish the research and development park in central Taiwan this year to spur development in the innovation industry. It plans to invest NT$3.6 billion (US$113.7 million) to build the park.
The ministry will invite domestic research institutes, such as the Institute for Information Industry and the Industrial Technology Research Institute, to open their innovation and incubation centers in the planned zone in Jhongsing New Village, Nantou County.
Tenants are expected to move in as early as by the end of this year.
The government hopes that the special innovation park will help technology upgrades and innovation among industries in central Taiwan, said Lin Hao-chu (林浩鉅), an official at the ministry’s Department of Industrial Technology.
Aside from the park, a market intelligence technology research center will also be set up in Jhongsing Village, Lin said.
The new center will be commissioned to develop green intelligence mobile technologies through cloud computing, Lin said.
The ministry estimates that the two facilities will attract 1,450 talents in advanced research, the CEPD said.
It said that as many as 115 companies were expected to move or establish their incubation centers in the park after its completion.
Industrial investment in the park and the research center are expected to generate a production value of between NT$15 billion and NT$60 billion annually, the council said.