News & CommentBiotechnology

Taiwan Trolls for U.S. Firms to Help It Create an Industry

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Science  22 May 1998:
Vol. 280, Issue 5367, pp. 1190
DOI: 10.1126/science.280.5367.1190

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PHILADELPHIA-- A delegation of Taiwanese venture capitalists recently spent 10 days in the United States looking for a few biotechnology companies to bet on. The trip was the first major foray to this country by private investors since the Taipei government announced last year that it would create a $600 million fund to invest in the stock of biotech companies. The fund, to run for 5 years, is part of a portfolio of government programs intended to entice both foreign and domestic biotech entrepreneurs to set up shop on the island.