The 2018 Bayer Taiwan Innovation Award Kicks Off

Young Adults Are Encouraged to Think Outside the Box and Find a Digital Solution to our Aging Society

Being committed to promoting the welfare of humans, animals, and plants, Bayer Taiwan announces the kick-off of the 2018 Innovation Award, which offers a prize as high as NTD$300,000 from now until November 25. The purpose of the competition is to encourage young adults in Taiwan to pursue digital innovations in response to our ageing society, and, more specifically, to take on the challenges that we face in the three disciplines of human health, animals, and agriculture. At the end of March this year, Taiwan’s elderly population – aged 65 and over accounted for 14.05% of the total population, which means that Taiwan has officially become an “aged society”. According to the National Development Council, the proportion of the elderly population will reach 20% in 2026, along with countries such as Japan and Singapore, which are also listed as "hyper-aged societies”. The statistics from the Ministry of the Interior reveal that, in Asia, Taiwan's elderly population is second only to Japan, and its rate of aging is higher than that of Japan, the United States, France, and other countries.

More details on the 2018 Bayer Taiwan Innovation Award and registration, click here.

For the full press release, please click here.