Founded in 1973, Industrial Technology Research Institute (ITRI) is Taiwan’s largest and one of the world’s unique high-tech applied research institutions. These include the first Carbon fiber for Giant Bicycles, NB & key components, TSMC’s first IC foundry. It is committed to utilizing its R&D results to drive industrial development and create economic value. It also launched the Open Lab/Incubator projects to nurture startups and emerging high-tech industries. Since its inception, ITRI has incubated more than 280 startups and spinoffs, accelerating the growth of global economy.