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Ministry of Education Allocates $10 Billion to Attract International STEM Talent

Ministry of Education Allocates $10 Billion to Attract International STEM Talent

The Director-General of the Higher Education Bureau, Chao-Hsien Liao, announced that the Ministry of Education will allocate NT$10 billion to support higher education in recruiting talent. This budget, which is part of a larger NT$410 billion special budget proposed by the government, allocates NT$20 billion for higher education, with NT$10 billion earmarked for attracting international talent in key STEM fields. Schools can establish their own hiring plans, providing signing bonuses and retention bonuses in addition to salaries.

According to data from the Ministry of Education, the percentage of retiring teachers is expected to reach 43% in the next decade. In research universities in Taiwan, 24% of teachers in fields such as electrical engineering and basic sciences are expected to retire in the next five years, potentially impacting the education of over 6,000 graduate and doctoral students. In response, the Ministry has introduced a "Sustainable Development Program for Higher Education Talent" to strengthen the recruitment of new faculty and stabilize compensation.

Liao noted that the high salaries offered in the industry attract many master's students away from pursuing doctoral degrees, and stable compensation for faculty can encourage these students to continue their education. Furthermore, some scholars currently teaching abroad have expressed a desire to return to Taiwan, and the Ministry will support schools in international recruitment efforts. The Ministry also allocates another NT$10 billion for school administration, stipulating that schools must not increase tuition fees during the 2025-2027 academic years while also improving assistance for disadvantaged students and teacher compensation in private schools. National Taiwan University President Cheng Wen-Chang expressed hope that the Legislative Yuan will pass this special budget to benefit higher education infrastructure and talent retention.