Seventy-two percent of integrated circuit foundries are on Taiwan's soil, and Taiwan is also just behind the U.S. among countries that design IC circuits. However, Taiwan is also concentrating its efforts on the next important opportunities in system-on-a-chip (SOC), digital contents, biomedical technology, and micro- and nano-technology. Taiwan was ranked fourth in global competitiveness and first in Asia by the recent World Economic Forum 2004-2005 report. Reasons for Taiwan's success include its education centered culture, huge infrastructure of technology many, substantial human capital resources, close knowledge of Asian and Chinese markets, and expanding capital markets for IPOs, private, and foreign investment. Topics covered are the funding history of technology cluster resources, IP and human resources, and infrastructure. Presently the ITRI, a non-profit research and development (R&D) organization, is a leading research institute for biotechnology, nanotechnology, materials research, and software and computer science. ITRI is presently responsible for the MOEA project. ITRI commercializes healthcare service platform technologies, new generation service enabling technologies, intelligent optical networking, microstructure and micro-communication applications, and microsensor and fluidic application technologies. TTRI is working with Long Quiant Nano Technology to explore nano-based applications. Taiwan's companies are also in the microelectromechanical sensors (MEMS) business with foundries.