During her visit to ITRI, the President said that innovation in traditional industries will provide greater competitiveness
President Tsai, Ying-Wen visited ITRI to inspect the result of innovation development and industrialization yesterday. She affirmed the long-term contribution made by ITRI as the solid support for industrial development. She also listened to the presentation by Jassy Wang, CEO of MegaPro Biomedical, a start-up from ITRI. Jassy Wang reported that the iron oxide nanoparticle developed by MegaPro has entered Phase I of clinical testing this year and there are two more phases of clinical trial required for drug development. Upon hearing that the trials require a total of 1.2 billion, President Tsai commented that the trials “burn up money very quickly” and encouraged Jassy Wang to continue trying. She expressed empathy and understanding for women entrepreneurs as well as biotechnology.
After listening to the presentation by Director Liu, Zhong-Min, President Tsai said that she is particularly interested in the grinding and polishing robot she saw in the Automation Intelligence Show last week and she even watched it again yesterday. She said that she has some interaction with the plumbing industry in Hemei Township, Changhua County these years. As the grinding process is largely reliant on manual labor and the polishing masters are working in dust, it is difficult to control the quality. If automation can be introduced into the industry through the “grinding and polishing robot technology” from ITRI, the quality of products can be improved.
President Tsai believes that the traditional plumbing industry is a symbolic industry in Taiwan as well as the conglomeration of small and medium-sized enterprises. If the industry can successfully transform and upgrade with the help of government and other parties, it will become a key example for traditional industries. It means that many traditional industries in Taiwan can become competitive industries amongst the next generation of industries through innovation and upgrade.