National Development Fund — Executive Yuan logo
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National Development Fund — Executive Yuan

Invests in Taiwan through sovereign development capital for high-impact initiatives aligned with national strategy.

Taiwan
Key stats
Annual funding-
Programs5
Active grants3
Total grants5
About

The National Development Fund (NDF) is Taiwan's sovereign policy investment vehicle under the Executive Yuan, rooted in a 1973 development-fund lineage and reorganized into its current form in 2006. Its mandate was set out in the Statute for Industrial Innovation in 2010, and the fund is used to support industrial innovation, economic transformation, and national development.

NDF works through di…

Programs & grants under this funder
Business Angel Investment Program

Supports Business Angel Investment Program for high-risk Taiwanese startups with co-investment partnerships.

1 grant
Business Angel Investment Program
Open
TWD 2B pool·Rolling submission
Industrial Innovation and Transformation Fund

Supports Industrial Innovation and Transformation Fund for domestic enterprises through private and public capital co-investment.

1 grant
Industrial Innovation and Transformation Fund
Between cycles
TWD 100B pool
Loan Financing Programs

Helps Loan Financing Programs for returning overseas Taiwanese businesses for innovation and strategic advancement.

1 grant
Loan Financing Programs
Open
- pool·Rolling submission
MOEA NDF (National Development Fund) Co-Investment

Invests through MOEA NDF with co-investment into Taiwanese startup rounds alongside private investors.

1 grant
MOEA NDF (National Development Fund) Co-Investment
Discontinued
- pool
Venture Capital Investment

Helps Venture Capital Investment for funds and direct equity investments in key strategic industries.

1 grant
Venture Capital Investment
Open
- pool·Rolling submission
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