Human resources form the foundation for Taiwan's growth and international competitiveness. To meet the nation's development needs over the next three decades, the government has set aside a special budget of NT$17.4 billion (US$562.9 million) under the Forward-looking Infrastructure Development Program to build the infrastructure necessary for human resources training.
This budget has been divided into three terms over four years (2017 to 2021), with NT$4.2 billion (US$135.9 million) going into the first term (September 2017 to December 2018) and NT$9.8 billion (US$317 million) for the second term (2019 to 2020). Five main projects have been implemented with the aims of attracting foreign professionals to Taiwan, promoting entrepreneurship and employment among young people, encouraging transnational cooperation among industry, academia and researchers, and internationalizing Taiwan's innovation and entrepreneurship ecosystem.
Five main projects
■ Improve the practical learning environment at vocational schools: Establish industrial training bases for bright students, build factories that simulate industry, and create interdisciplinary internship environments. These strategies will help form a technical and vocational education personnel training system to meet society's needs.
■ Promote international industry-academic alliances: Directly match education to industry needs, strengthen cooperation between participating enterprises and school research teams, and build cooperative platforms for bringing alliance research results to market. The goal of this project is to establish 20 forward-looking technology alliances in three years.
■ Create technology innovation and entrepreneurial bases for young people: Create a world-class tech startup cluster by attracting international business accelerators, venture capitalists and high-potential innovative teams to Taiwan, and encouraging their interactions with domestic teams. The objective is to have 100 teams set up at the Taiwan Tech Arena innovation base each year.
■ Train and employ high-level professionals in targeted industries: Encourage research institutes and academic research organizations to engage in cooperative projects with private companies, with the aim of training and placing 1,000 Ph.D.-level personnel in industrial positions in four years.
■ Nurture young scholars: Provide young researchers with sufficient long-term resources under the Einstein Program and the Columbus Program, for the purposes of cultivating 180 to 240 outstanding young researchers from Taiwan and abroad in three years.