Things you need to know about Fundamental Science and Technology Act.

In order to boost the development of our country, the Legislature made laws “Fundamental Science and Technology Act”, the basic principle followed by the government when promoting the development of science and technology. The government ought to provide funds and resources to public schools, public research institutions, public enterprises, legal persons or groups assisting in those talents, technique, and equipment, and that is expectable to transform the results of research development into practical production and utilization. The act also ensures the belongings and use of the achievement of research.

This June, Legislature had passed the third reading of the amendment to the “Fundamental Science and Technology Act”.
The point of this revision is that the restrictions on R & D income have not been limited by the “National Property Act“ and the staffs in school can also work in startup enterprises which will help the industrialization of academic research and encourage startup business.

It is honored that Raymond Yu, our partner lawyer, was invited by the Academia Sinica to give a speech at the Department of Intellectual Property and Technology Transfer. We hope the share of this topic can make positive influences, so that the hard works of academicians of the Academia Sinica can bring further progress for the domestic industries