Taichung City's SBIR Program Subsidizes 49 Companies This Year

The Taichung City Economic Development Bureau has continued to promote local SBIR program subsidies this year, helping companies understand the relevant regulations and procedures through briefing sessions. A total of 49 companies received program subsidies this year; the city government invested a total of 40,239,000 yuan in subsidy funds, and the companies invested about 40 million yuan in research and development. After the technologies are successfully developed, they are expected to generate about 100 million yuan in investment and 600 million yuan in production value.

The Taichung City Government's promotion of the SBIR program focuses on subsidizing industries in six major fields: metal machinery, consumer chemicals, food and biotechnology/medical care, innovative services - service value-added, innovative services - business models, green energy conservation, and smart living and optoelectronics/information communications.

This year, a total of 117 businesses applied for the program, and the Taichung City local SBIR technical review committee selected 49 companies to receive subsidies. The subsidized companies this time each have their own distinctive features. For example, Jiyuan Biotechnology developed a far-infrared sleep aid to improve sleep quality; Quanxin Development Co., Ltd. designed a high-safety wheelset with low resistance and a tubeless design.

Fantai Research and Innovation Co., Ltd. designed an eco-friendly sterile filter cup; Yaoling Optoelectronics Co., Ltd. uses CCD visual recognition to automatically scan and detect panel display defects, which not only shortens inspection time but also increases output and reduces labor costs.

Lu Yaozhi, Director-General of the Economic Development Bureau, said he hopes companies will continue to develop leading new products and strengthen cooperation with academic and research institutions; the Economic Development Bureau will continue to seek central government resources to help Taichung City businesses upgrade and transform, and develop the city's creative economy.