Open Innovation Center

Background

Taiwan has a dynamic capitalist economy with gradually decreasing guidance for foreign direct investment by the authorities. The increasing labor costs continue to drive the labor-intensive industry to countries/regions with cheaper labor forces. Taiwan's future development will have to rely on further transformation to a high technology and internationalized economy. The Ministry of Economic Affairs, with its function to provide mechanism in promoting globalization, established the Open Innovation Center (OIC) to assist Taiwan firms in achieving competitive advantage through international R&D collaboration.

About OIC

Open Innovation Center, governed by Ministry of Economic Affairs, is dedicated to provide assistance to Taiwan firms to gain competitive advantage in global market. Its framework is designed for two purposes: collaborating with multi-national firms in Taiwan in carrying out research and development (R&D) activities, and developing innovative R&D skills in advanced technology. OIC acts as a liaison to link research institutes, Taiwan businesses, and academia with multi-national firms effectively to achieve the result-oriented competitive edge.