Launched into orbit Aug. 25, 2017, Formosat-5 is a homegrown ultra-high resolution Earth observation satellite operated by the National Space Organization. (Courtesy of NSO)
- Taiwan is one of the world’s leading producers of information and communication technology products.
- World Economic Forum ranks Taiwan 15th out of 137 economies in the Global Competitiveness Report released in September 2017.
In April 2014, the National Science Council—the government’s dedicated agency charged with advancing science and technology development, supporting academic research and promoting the nation’s three science parks—was reorganized and renamed as the Ministry of Science and Technology. While continuing its predecessor’s innovative measures and programs, the MOST, with a new organizational structure, aims to focus academic research on the needs of industry as Taiwan relies on science and technology innovation as a key driver of economic growth and national progress.
The success of Taiwan’s high-tech enterprises is largely attributable to the government’s generous funding of applied scientific development. With government support, the Industrial Technology Research Institute, the National Applied Research Laboratories and the Institute for Information Industry all played important roles in jump-starting the nation’s rise as a technological powerhouse by conducting research, aiding the private sector with R&D and exploring new technologies.