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Industrial Innovation and Transformation Fund

Industrial Innovation and Transformation Fund

Funds Taiwanese industrial transformation through co-investment vehicles for mergers, spin-offs, and restructuring.

The Industrial Innovation and Transformation Fund is a NT$100 billion sovereign co-investment vehicle managed by Taiwan's National Development Fund (NDF), which operates under the Executive Yuan pursuant to Article 29 of the Statute for Industrial Innovation. The NDF was established in 2006 and its mandate encompasses direct investment, loan financing, and assistance to central government authorit

Deploys NT$100 billion of NDF capital alongside private investors to fund mergers, acquisitions, divisions, and industrial transformation plans for domestic Taiwanese enterprises.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.13 weeks
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.TWD 100B

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Last verified: 5 Aug 2026Source: ws.ndc.gov.tw