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MOEA NDF (National Development Fund) Co-Investment

MOEA NDF (National Development Fund) Co-Investment

Invests alongside private venture partners in Taiwanese innovation-driven startups and strategic enterprises through a sovereign co-investment model.

DiscontinuedNational Development Fund — Executive YuanTaiwan
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About

The National Development Fund (NDF) Co-Investment program is Taiwan's primary sovereign equity co-investment vehicle, operating under the Executive Yuan and governed by Article 29–30 of the Statute for Industrial Innovation (2010). Established originally as the Development Fund in 1973 and reconstituted in its current form in 2006 following a merger with the Sino-American Fund for Economic and Soc…

What this grant funds

Deploys Taiwanese sovereign equity co-investment pari-passu with private VCs into innovation-driven startups and established enterprises across semiconductors, AI, biotech, and advanced manufacturing.

Key facts
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.—
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.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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Last verified: 15 May 2026Source: www.ndf.gov.tw