“Several factors have contributed to Taiwan's innovation success, including: targeted public funding of R&D, successful integration into global supply chains, and the development of 'a knowledge-based economy'. This is the description of Taiwan. However, I couldn't find my country on this website. It's hard for me to find the latest clue in any place, not all had recent data on Taiwan. The only one I can find is the Global Innovation Index 2009-2013. I therefore chose Hong Kong, close to Taiwan, to compare and describe the role of innovation and entrepreneurship in the two countries, as well as some innovation situations that I experienced in Taiwan. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get the original essay The case of Taiwan is particularly interesting, as GDP per capita has increased more than twenty-fold since 1960 (IMF, 2012) .In 2009-2013, Taiwan ranked 6th in the global innovation index and 1st in the Geneva International Invention Exhibition and INPEX. Technology is growing rapidly in Taiwan and playing a vital role in economic transformation through the development of “knowledge-intensive industry”. Taiwan's industries are moving from high-efficiency mass production, such as manufacturing, to application innovation for products, systems and services. The high-tech industry plays an important role in Taiwan, because Taiwan is really small compared to other countries and its range of industries is more restricted. And the land that high technology needs is much smaller. So it is suitable for Taiwan. The report indicates that due to the source of research and development funds, enterprises occupy the largest proportion (67.15% in 2006), followed by the government apparatus (31.41%). This shows that the role played by businesses is becoming increasingly important. High technology is the new industry of the 21st century, so it needs a lot of new ideas to develop. I think that's why innovation is very popular at this time in Taiwan. Some statistics can prove this opinion. In Taiwan, 268 US invention patents can be obtained per million people. This performance exceeds that of the United States and Japan and ranks first in the world. Although I have not obtained the latest ranking of Taiwan's Global Innovation Index, our country's government still attaches importance to innovation and entrepreneurship. The government established the Taiwan Innovation and Entrepreneurship Center to provide the resources to make your idea a reality and a platform for investors and startup teams to exchange ideas and get to know each other. Recently, Taiwan has used its formidable technology and engineering talents to focus on virtual reality, robotics, artificial intelligence, Internet of Things, smart healthcare, smart logistics, machinery smart cities, green energy and smart cities…etc. To compare with Hong Kong, ranked 16th in 2017, Taiwan has used its engineering expertise to move into software and hardware technology, while Hong Kong is becoming a global financial and maritime hub. The role of innovation in their country is to diversify economic growth and offer new quality jobs. The next step for Hong Kong is to develop the future of information and communications technology. Keep in mind:.