When it comes to the biomedical industry, Taiwan offers a number of advantages and opportunities to overseas partners and investors.

Advantages

• Open and transparent review process for drugs and

medical devices

• A one-stop service window for the biomedical industry

• Comprehensive biotech incubation mechanism and cluster infrastructure

• Advanced, multinational, multicenter clinical trial infrastructure

• Abundance of biotech talent who are familiar with Europe, the US and Asia

• Active capital markets and convenient fundraising channels

Opportunities

• Vast unmet medical and welfare needs arising from the world's aging populations

• Emerging Asian economies consuming more biomedical services

• Asian-specific diseases and conditions to be addressed

• Taiwan is a bridge between East and West

• Potential to integrate with Taiwan's ICT and precision industries

Global Competitiveness Rankings

Twenty-first century Taiwan is among the most internationally competitive, innovation-driven economies in the world. The following list speaks for itself.