Taiwan has many strengths that give it the edge over its competitors in the rest of Asia. These strengths are due to a combination of existing conditions and to deliberate planning on the part of the government. These include:
- Existing expertise in high technology, easily transferred to biotechnology
- Strategic location; close to China and straddling Northeast and Southeast Asia
- Strong legal framework
- Highly educated workforce, particularly in IT and biology
- World-class research facilities
- Abundant capital and Asia's most vibrant venture capital industry
- Herbal medicine knowledge and experience
Taiwan has a highly educated workforce and world-class research facilities.
Asia's Biotechnology dawn,' the Singapore office of the brokerage division of French-based Societe Generale Group identified Taiwan as the top biotechnology nation in Asia, reporting that it had in place many of the elements for a winning strategy. Second after Taiwan was Singapore, followed by Hong Kong/China, Korea and India. .
- Taiwan Life Sciences