Abstract: This proposal aims to set up a program that can integrate the talents from both research institutes and academic institutions to form a start-up team. Such a start-up team can translate the intellectual properties of academic scholars into technologies, products, or platforms that can be prevailed in the commercial markets to generate the significant revenues for Taiwan. This proposal will be outcome-driven. The exit plan of this start-up team must be spin-off to set up new companies or be spin-in major companies in Taiwan. In order to achieve this goals, the program is operated in a structural framework. This framework contains two systems, the selection system in the Ministry of Education and the execution system in universities. The selection system has a supervised committee, a reviewing committee, and an operating office and the execution system has a connection center among industry, academic institutes, and research institutes. The translation projects from intellectual properties to real prototypes are executed by the principal investigators selected by the center. The center must hire professionals and entrepreneurs who can provide the best consultants to the teams on the issues such as intellectual properties and the process to set up a new start-up. The progress of center and projects will be reviewed by the reviewers from the reviewing committee by a well-known DARPA management approach. In addition, the administration of university with the center is required to provide a flexible accounting and personnel system to support both centers and projects.
In this proposal, all the center and the projects selected by the selection system are related with the area of smart machinery. More than eight centers and more than fifteen projects will be selected and be financially supported from this proposal. It is expected to have at least six team either spin-off to form start-companies or spin-in to join major companies in Taiwan after the projects have been executed for four years.