Act for the Development of Biotech and Pharmaceutical Industry Article 12

Research personnel in public schools at the junior college level and above or public research institutions (organizations) that provide key technologies to start-up Biotech and Pharmaceutical Companies shall not be subject to Article 34 of the Act of Governing the Appointment of Educators and Paragraph 1, Article 13 of the Civil Servants Work Act, which prohibit business operation and limit the total shares held in a business to ten percent (10%), or Article 13 Paragraph 2, and Article 14 of the Civil Servants Work Act, which restrict research personnel from holding other positions concurrently. Nevertheless, relevant provisions under the Act on Recusal of Public Servants Due to Conflict of Interest shall still apply.A start-up Biotech and Pharmaceutical Company referred to in the preceding paragraph is a Biotech and Pharmaceutical Company incorporated and registered within eight (8) years.The determination of research personnel in public schools at the junior college level and above or public research institutions (organizations) as described in Paragraph 1, the types and number of jobs that research personnel may concurrently hold, the percentage of investment in the form of technology know-how as capital, disclosure of relevant information on business operation, recusal due to conflict of interest, supervision, audit, and other matters to be observed shall be prescribed by the Executive Yuan in conjunction with the Examination Yuan.