11 Taiwanese SMEs to be named ‘rising stars’ (2011/8/31)

August 31st, 2011 | Categories: 2011 | Tags:

Source:http://focustaiwan.tw/SearchNews/doDetail.aspx?id=201108300021&q=biotech
Taipei, Aug. 30 (CNA) A total of 11 Taiwanese companies were selected to receive awards Aug. 31 as part of the government’s effort to encourage small and medium-sized enterprises (SMEs) to expand export trade, a government agency said Tuesday.

The winners of the Rising Star Award were selected from 59 SME nominees in the biotech, transportation, machinery, and information technology sectors, according to the Small and Medium Enterprise Administration (SMEA) under the Ministry of Economic Affairs.

“These selected companies all have good operations in Taiwan and outstanding performance in exports. We hope they will grow bigger in the future,” said Lin Mei-hsueh, deputy director general of the SMEA, at a pre-award conference.

SMEs are businesses with capital of less than NT$80 million (US$2.75 million) or with fewer than 200 employees, according to the SMEA. Those with exports of more than NT$250 million or revenue of least 20 percent of total sales in a year are eligible to apply for the award the following year, it said.

Now in its 14th year, the Rising Star Award has been given to 224 SMEs since 1998, with 30 percent of them expanding, Lin said.

There are 1.24 million SMEs in Taiwan to date, representing 97 percent of the total number of companies in the country, she said.

The 11 SMEs selected for the award his year are Win Ton Plastics Industry Co., Taiwan Express Co., Bothhand Enterprise Inc., Sunny Castors Co., Accutex Technologies Co., Kai Mei Plastic Machinery Co., Vision Wide Tech Co., Innovation & Infinity Global Co., Kiddie’s Paradise Inc., GeneReach Biotechnology Corp. and Synmax Biochemical Co.

(By Jeffrey Wu) ENDITEM /pc

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