Industrial Technology Research Institute

ITRI hosted the 2022 ITRI Laureate Ceremony today to honor the five newly-minted laureates: Pacific Venture Partners (PVP) Chairman Paul Por-yuan Wang, Eternal Materials Director and Senior Consultant T. F. Shiao, Delta Electronics Chairman Yancey Hai, LCY Group Chairman Bowei Lee, and Ruentex Group President Samuel Yin.

Taiwan’s President Tsai Ing-wen personally bestowed medals and plaques to these laureates in recognition of their outstanding performances in technology innovation and industrialization. She hopes that their dedication may usher Taiwan to leverage its technological advances and further enhance national industrial competitiveness. The key achievements of the ITRI Laureates 2022 are summarized as follows.

PVP founder Paul Por-yuan Wang has led his venture capital company to become the first in Taiwan to raise funds overseas. For over 30 years, PVP has invested in more than 260 companies and supported them to become listed companies. T. F. Shiao has pivoted Eternal Materials to a multinational corporation that gives Taiwan’s electronics manufacturing industries the edge of local sourcing. Yancey Hai has spearheaded Delta Electronics to pioneer in optimizing green building and energy efficiency solutions. Under Bowei Lee’s leadership, LCY Group’s profit has increased 20 times, and the Taiwan Chemical Industry Association (TCIA) was granted its permanent observer membership of the International Council of Chemical Associations (ICCA). Samuel Yin’s Ruentex Group embodies the paradigm shift from a traditional company to a diversified business enterprise. Mr. Yin has also been listed several times in Forbes Asia’s 48 Heroes of Philanthropy in the Asia-Pacific region.

ITRI Chairman Chih-Kung Lee stated that since 2012 ITRI Laureates have been nominated every year in acknowledgement of their contribution to industries and public well-being. The five laureates honored today have been deeply invested in innovative R&D and environmental sustainability, and each represents an important cornerstone in Taiwan’s economy. To tap into their wisdom, all laureates were invited to attend the Laureate Forum held after the ceremony to address the net-zero challenge and work towards a sustainable future.

A special exhibition, “Innovative, Smart, and Sustainable Future,” was organized to showcase ITRI’s latest innovative technologies and services, including the Hydrogen Purification and Distributed Power Generation System, Micro Immersion Cooling Data Center, MetabColor, Carbon Capture and Utilization (CCU): Direct Catalytic Synthesis of Methanol from Carbon Dioxide, and the Cloud Carbon Management Platform.

During the exhibition tour, President Tsai paid close attention to ITRI’s sustainable technologies. She was impressed by the hydrogen tank that is 60% lighter than other models and the virtual power plant that can centralize power from different sources for stable power delivery. President Tsai also praised the fine texture of an eco-friendly backpack made using indigo dyes via low-carbon and non-toxic microbial fermentation. Merits were given to the value of circular technologies and ITRI’s contributions to the textile industry in achieving net-zero emissions.