NSTC brings Taiwan’s precision health research and development capabilities to Europe, enabling Taiwan to shine at MEDICA 2022, the world’s largest event for the medical industry

TAIPEI, November 15, 2022 /PRNewswire/ — With an aging population and increased demands on healthcare quality, the world is paying more attention to the development of precision health and intelligent healthcare. Technology will play a crucial role in driving the healthcare industry in the future. Accordingly, this year, the National Science and Technology Council (NSTC) collaborated with Hsinchu Science Park, Central Taiwan Science Park and Southern Taiwan Science Park, forming a delegation team to participate at MEDICA. In addition, the council established the Taiwan Smart Health Pavilion to help academic and research start-ups and 51 enterprises establish international channels for investment and industrial collaboration, attracting foreign capital. In addition, the delegation team participated in the 11th MEDICA Start-up competition, allowing Taiwan cutting-edge technological products to reach the main European biomedical markets.

The Taiwan Smart Health Pavilion opened on November 14, German time. Shieh Jhy-wey, Taiwan representative at Germany, was invited to the inauguration of the pavilion to express his support for the NSTC delegation team. Other representatives included MEDICA, Fraunhofer (the largest applied scientific research institution in Europe), and the Europe-Taiwan Biotech Association (ETBA). In her opening speech, the Director Hsu Tseng-ju (from the Department of Academia-Industry Collaboration and Science Park Affairs, NSTC) reported that Taiwan has world-class healthcare capability and ICT industrial collaboration channels. In recent years, the Taiwanese government has been actively striving to integrate interdisciplinarity, promoting the prosperous development of technology applied to precision health and intelligent healthcare. Also, Taiwan outstanding achievements in epidemic prevention have attracted the world’s attention. The Taiwan Smart Health Pavilion encompasses the start-ups, enterprises and hospitals of the NSTC delegation team as part of its participation in MEDICA, hoping that Taiwan can show its outstanding technology, products, talents and environment to the world, and aims to attract international investment and cooperation.

The NSTC has supported Taiwanese teams to participate in the prestigious start-up competition, and two Taiwanese teams will participate in the final on November 15, German time. More than 550 teams from all over the world registered for two competitions and only 12 teams qualified for the final. These teams came from countries whose Sweden, Germany, Finland, Israel, Spain, Italy, South Koreaand Taiwan. Pythia Biotech and MedFluid, the two Taiwanese teams in the final, will face off for the championship, the furthest ever reached by a Taiwanese team. Both teams are start-ups advised by the NSTC. Pythia Biotech produces Organ-on-chip is designed to recreate a physiological and pathological environment ex vivo, while MedFluid manufactures an integrated LOC (Lab-on-a-chip) microfluidic system. The two companies are ready to introduce their products to European markets through MEDICA, according to Taiwan Tech Arena.

Although the Taiwanese teams have advanced research and technological development capabilities, they currently need recognition from European markets. NSTC won an opportunity for an exclusive showcase at the Medica Connected Healthcare Forum (MCHF) on November 17. There, Taiwanese teams can publish their technological achievements; engage in face-to-face interactions with international accelerators, companies, venture capital and the academic and research sector; and explain Taiwan policies to build a precision health environment. In addition, the council actively organizes business meetings, communicating with international companies such as 3M Group, ASKLEPIOS Group, Merck Group and ASML. Going forward, the council will encourage international business relations at all levels, helping Taiwan Medical teams from industries and academic and research organizations shine in the global market and create more opportunities for Taiwan biomedical industry.

Contact person 1: Sing Lin, [email protected]01523 6809749, Industrial Technology Research Institute
Contact person 2: Ellie Peng, [email protected]Industrial Technology Research Institute

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