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TAIWAN TARGETS FUTURE AS MAJOR BIOTECHNOLOGY HUB.
TAIPEI, March 1 Asia Pulse - Taiwan stands a good chance of becoming an investment conduit and manufacturing hub for the biotechnology industry, according to a local industrial technology expert.
Lee Chung-hsi, the deputy director of Taiwan's state-funded Industrial Technology Research Institute (ITRI), made the remarks at the opening of BioBusiness Asia 2002, co-sponsored by the ITRI's Biomedicine
Center and the Biotechnology Industry Development Association.
Lee said the biotechnology industry had gradually grown in major Asian countries, including Taiwan, Singapore and India. In the past, Asian countries had organized many international biotech symposiums.
"But those seminars tended to focus on technological developments," Lee said.
"Moreover, due to the lack of a transparent mechanism and a viable conduit to mediate international cooperation, Asian biotech firms have difficulties acquiring international capital to help finance their development projects."
In contrast, Lee said, the ongoing two-day seminar would focus on biotech investment issues and potential
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