Initially billed as a means to simulate industrial innovation and research and development, the draft Statute to Encourage Industrial Innovation has turned into yet another program to provide a "low cost" environment for Taiwan businesses with scant concern for the cultivation of long-term sustainable competitiveness based on high value added, robust product and service quality and creativity.
Initially approved by the rightist Chinese Nationalist Party (Kuomintang) Cabinet in May 2009, the draft bill was advertized as a means to promote research and development, innovation and manpower training and provide ways to solve the needs of business for capital and land.