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Reports on the Hsin-Chu BioMedical Science Park

Taiwan aims to become Asian hub for biotechnology with science park

Taipei (dpa) - Taiwan will soon build its first biotechnology park in a bid to become an Asian hub in the sector, an official at National Taiwan University (NTU) Hospital said on Wednesday.

Construction of the Hsinchu Biomedical Science Park is expected to start in 2003, with the park slated to be operational about three years later, Hsu Su-ming, vice superintendent of the NTU Hospital said.

"We think Taiwan has a niche for biotechnology," Hsu said. "There are several ingredients for success in biotechnology, including research excellence, a talent pool and specialised infrastructure."

In recent years, Taiwan has witnessed an exodus of local companies moving manufacturing bases to mainland China in search of lower costs and higher profit margins, forcing the island to expand into more value-added technology sectors.

The planned biotech park will cover an area of almost 39 hectares and cost an estimated 800 million U.S. dollars to complete, including property and construction costs.

Taiwan has substantial venture capital available, he said, and the time is ripe to create an environment that is suitable for collaboration and networking in the field of biotechnology.

The planned biotech park in Hsinchu, in the northern part of the island, will focus on cancer research and include a hospital and medical research centre, he said. It will combine resources from academia, industry and government in a bid to stimulate new discoveries. NTU will have a campus in the park and help develop the island's biotech sector, he said.

NTU will also convert its current biotech incubator - designed to support start-up companies and facilitate technology transfer from the research sector to the private sector - into a company at the start of next year and move into the biotech park, he said.

"If we convert (the incubator) into a private company, it'll be more flexible," Hsu said. "The company will do the same things (as before), but as a company rather than as part of the university."

The Hsinchu Biomedical Science Park will be located in a special zone near a planned Hsinchu station, where a large high-speed rail project linking the capital Taipei in the north with the southern port city of Kaohsiung is being constructed.

NTU will team up with Japanese firm Nomura Research Institute to develop a business plan for the biotech park and is expected to send a proposal to the government by March next year. If the government accepts the business plan, it will set aside a budget for the project, which will then have to be approved by the legislature, before construction can start in 2003.

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