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A delegation of Taiwanese college professors is in Israel to meet with potential partners in the field of electronics as part of the Taiwan government's five-year plan to advance the high-tech industry.
According to the Jerusalem Post, 16 professors from four top universities in Taiwan embarked on a five-day visit from Sept. 8, calling on Israel-based multinationals and technology institutes.
The Taiwan government's US$413 million initiative to further develop the island's tech industry is centered on electronics-related medical designs, green energy, automobiles and cutting-edge consumer electronics.
The head of the delegation and coordinator of the initiative Chen Wen-tsuen, who once served as president of National Tsing Hua University, said the Israeli government has set a good example in sponsoring industry research in the country.
The Israeli government has a well-developed plan to nurture talent and establish research institutes, Chen said.
Multinationals, including Microsoft and SanDisk, are known to have incorporated Israeli technical expertise in their own products, which makes Israel a good role model and business partner, Chen said.
The visit is an indicator of the potential for bilateral trade between the two countries, following the Taiwan-Israel visa waiver agreement that took effect Aug. 11.
In the first half of 2011, Taiwan overtook Japan and South Korea to become Israel's third largest Asian trading partner, after China and India, according to Israeli government statistics.
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