President Tsai Ing-wen has vowed to make biomedicine the most competitive industry in Taiwan for the next generation. She was speaking Monday at a ground-breaking ceremony for a second biotechnology building at Hsinchu Biomedical Park in northern Taiwan.
Tsai urged companies dealing in pharmaceuticals, medical supplies and equipment, and smart medical care, to set their sights on new challenges.
The president said the booming biomedical industry is an important part of a government project to boost innovation. The project also covers smart machinery, green technology, new agriculture, defense, the circular economy, and the formation of an Asian Silicon Valley. She said the government will coordinate with different industries to explore their potential for development.
The president said the government is also working to connect all of the nation’s biomedical hubs, which specialize in different fields. Those fields include R&D to develop new medicines, specialized medical care, medical care for the elderly, and minimally-invasive medical devices.