The Taiwan-Japan Fund has cultivated a decade of achievements and continues to receive ongoing investments from its backers. The Industrial Technology Research Institute’s Innovation Technology Transfer Company (ITRI Innovation) and Mitsubishi UFJ Capital Co., Ltd. of Japan have jointly announced the launch of the Taiwan-Japan Fund III—marking the third collaboration following Taiwan-Japan Fund I (2011) and Fund II (2015). The fund has successfully raised USD 49.5 million and is now fully operational, with a target size of USD 50 million.