Industrial Technology Research Institute (ITRI)(工業技術研究院, 工研院) Industrial Technology Research Institute (ITRI) is one of the world's leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan's industries from labor-intensive into technology-oriented. Over the years, ITRI has incubated over 240 innovative companies, including well-known names such as UMC and TSMC, and cultivated more than 140 CEOs. Based on its long-term partnership with various industry sectors, ITRI offers a wide range of services, from technical to business consultation, to the international community– such as contract research, product and process development, and pilot runs for technological upgrades; IP strategy and licensing, industrial analysis, and talent training for hi-tech business; and the open lab and incubation for new ventures and emerging industries. ITRI focuses on the fields of Information and Communications; Electronics and Optoelectronics; Material Chemical and Nanotechnology; Medical Device and Biomedical; Mechanical and Systems; and Green Energy and Environment. In addition to its headquarters in Taiwan, ITRI has branch offices in Silicon Valley, Tokyo, Berlin, Moscow and Eindhoven in an effort to extend its R&D scope and promote opportunities for international cooperation around the world.