Taiwan To Kick Off Public/Private Biotech Funding Venture

Executive Summary

Taiwan plans to create a public-private biotechnology venture capital firm in an effort to build the industry as one of six the government has emphasized. The bioventure would receive 40 percent of its funds from the government, the rest to come from the private sector. The nation's Executive Yuan Council is earmarking up to $296 million in seed money for the first phase of the initiative. The five other industries, including pharmaceutical and healthcare industries, are to receive their own joint venture funding programs in the future. (Click here for more - a subscription may be required