NSTC "Science and Innovation Program - Business Development Bootcamp" Kicks Off November 5 and 6.

Research and entrepreneurial teams go through a rigorous selection process in order to qualify for the final grant.

The Bootcamp assists in the establishment of technology business models and enhances the team's determination to start up their own business.

    To encourage the commercialization of scientific research results and foster the spirit of technology entrepreneurship among academic and research talents, the NSTC has assisted more than 450 academic and research start-up teams to validate their technological concepts and develop viable business models through long-term outreach and mentorship. As at the end of October 2022, 161 cases of start-ups have been initiated. The NSTC-sponsored Taiwan Germination Program held a two-day Business Development Bootcamp on November 5 and 6, 2022. The event was designed to help translate academic research skills, improve the team's business development planning, and enhance the team's organizational integrity and entrepreneurial commitment.

    Nearly 90 teams applied for the 2023-1 batch of the program. After a rigorous written review in the first phase, selected teams were chosen in the forward-looking technology areas of precision health, green and renewable energy, information and digital technology, public welfare, and defense. To better meet the needs of these teams for future development planning, the teams were categorized into two major themes: "Engineering" and "Biomedical". Professionals and senior venture capitalists in each field conducted face-to-face consultations with the teams to understand their technology and business situation, conduct market analysis, adjust and optimize the feasibility of the team's business model, and accelerate the team's technology implementation and commercial transformation; at the same time, the team's patent layout strategy was advised in terms of patent layout and regulations, and patent application guidelines were proposed to protect the team's technological advantages and prevent future expected plagiarism and imitation. Among the industry mentors, representatives from TTA Accelerator were also invited to share their unique experience with the team through their global perspective and experience in linking up with the international market.

Alumni teams from Giant Bio Technology and JelloX Biotech Inc. were also invited to the bootcamp to share their experiences on the program implementation process and the ups and downs of the entrepreneurial journey, and to encourage the participating teams.

Tap into domestic academic and research teams to offer guidance on increasing the value of commercialization.

The Taiwan Germination Program, as outlined by the NSTC, is designed to provide academic research institutions with the tools to establish a robust case discovery process, enabling them to identify significant scientific research outcomes from various universities. It also facilitates the alignment of academic research teams dedicated to innovative technology with the guidance and support of relevant government units. In addition to combining the industry mentor support of TTA Accelerator, the program has also actively engaged with TTA Black Card members, hoping to introduce more international resources for incubating and nurturing startups with international competitiveness through technology cooperation evaluation and operation management cooperation, so that the spirit of innovation and entrepreneurship will continue to shine in the atmosphere of scientific research and entrepreneurship.