Science and Technology Competitiveness Rankings
To drive economic growth and maintain national competitiveness, it is important to invest in R&D and to induce innovation while consolidating resources from different sectors and stimulating of new business models. DoIT has accumulated fruitful results from the TDPs by providing funding support to strengthen R&D capability. In recent years, Taiwan continues to rank high in most science and technology competiveness related indicators in World Competitiveness Yearbook issued by the Switzerland-based International Institute for Management Development (IMD) and Global Competitiveness Report by the World Economic Forum (WEF), affirming Taiwan’s R&D and Innovation capabilities are among the most competitive worldwide.
According to WEF’s Global Competitiveness Report 2015-2016, Taiwan was ranked No. 15 among 140 global economies, and No. 4 in Asia. Among technology competitiveness related indicators, Taiwan was ranked No. 16 in “Innovation and Sophistication factors”, and No. 11 in “Innovation”. According to IMD’s World Competitiveness Yearbook 2016, Taiwan was ranked No. 14 among 61 economies, and No. 3 in Asia. Taiwan remained competitive in providing science and technology infrastructure. These results are the fruits of efforts made by Taiwan in encouraging innovation.
Overall, Taiwan economy remains rather competitive in a volatile international economy. Our technology competitiveness is resilient, reflecting long term R&D investment has built a solid foundation for technology innovation. Going forward, DoIT will continue to be a facilitator in developing advanced and innovative technologies by pressing ahead with funding key industrial technologies development, establishing collaboration platforms to enable industry, academia, research institutes and government to work together to convert R&D investment into economic value and social impact to enhance Taiwan’s competitiveness.