The Introduction of the National Development Fund 行政院國家發展基金管理會簡介

National Development Fund

The Introduction of theNational Development Fund 行政院國家發展基金管理會簡介

National Development Fund, Executive Yuan, R.O.C.November 27, 2012

行政院國家發展基金管理會中華民國 101 年 11 月 27 日

National Development Fund2

I 、 Introduction 前言II 、 Direct Investment 投資業務III 、 Venture Capital Investment 創投業務IV 、 Project Investment 專案投資V 、 Loan Financing 融資業務VI 、 Possible cooperation structure 可能合作模式

2

Contents目錄


I 、 Introduction前言

4 National Development Fund

(I) Mission of the NDF 國發基金任務NDF was set up in accordance with “Industrial Innovation Act” § 29

國發基金設立依據：產業創新條例第 29 條一、 To comply with government industrial development policies, NDF mainly invests in

industrial innovation, high-tech, energy regeneration, and green energy industries as well as certain businesses that will increase industrial benefit or improve industry structure.

配合國家產業發展策略，投資於產業創新、高科技發展、能資源再生、綠能產業、技術引進及其他增加產業效益或改善產業結構有關之重要事業或計畫。二、 NDF also provides loan financing to industries that focus on energy saving, pollution

prevention, and the reduction of greenhouse effect, as well as other counseling plans which will increase industrial benefit or improve industry structure.

配合國家產業發展策略，融貸資金於產業永續發展、防治污染、節約能源、降低溫室效應及其他增加產業效益或改善產業結構有關之輔導計畫。


(I) Mission of the NDF (continued) 國發基金任務 ( 續）NDF was set up in accordance with “Industrial Innovation Act” § 29

國發基金設立依據：產業創新條例第 29 條三、 To assist central industry competent authority to process investment, loan financing, or

technical cooperation related expenditure. 協助各中央目的事業主管機關辦理有關計畫之投融資或技術合作支出。四、 To assist central industry competent authority to process economic development, cultural

and creative industry development, training and industry structure improvement related expenditure.

協助各中央目的事業主管機關為經濟發展、農業科技發展、社會發展、文創意發展、引進技術、加強研究發展、發展自有品牌、培訓人才、改善產業結構及相關事項所推動計畫之支出。五、 Other special projects which are approved by Executive Yuan. 其他經行政院專案核准者。


(II) Organization Chart 組織架構Management

Committee

Executive SecretaryVenture Capital Investment

Review CommitteeInvestment Review

Committee

Deputy Executive Secretary

Deputy Executive Secretary

General

Affairs

Auditing

Business

Accounting

Chairman

管理會召集人

執行秘書投資評估審議委員會創業投資審議委員會

副執行秘書副執行秘書

業務組總務組會計組稽核組


(III) Investment Performance of the NDF 國發基金績效

資料日期： 101.06.30

Data Date: 2012.06.30

基金規模變化及對國庫貢獻

Original Government Funding: USD 1billion

原始撥款 NTD$303.31億元開發基金 :NTD$213.31億元中美基金 :NTD$90億元 (54年 10月 )

1973 年（民國 62 年）

Accumulated paid back to National Treasury:

USD$ 7.45billion (44.6%)

16.70 倍16.70X

Net Asset of the NDF:

USD$ 8.55 billion (51.21%)

合計 NT$5,064億元Total: USD$ 16.70 billion

39 年 Jun 30,2012 （民國 101 年 6 月）

累積繳庫數額NT$2,258.69 億元

44.60%

基金淨值NT$2,593.48 億元

51.21%

補助金額NT$211.83 億元

4.18%Subsidies

USD$ 0.7 billion (4.18%)

7


資料日期： 101年 6 月 30日Data date: Jun. 30, 2012

Total Assets: USD$8.56 Billion Total Assets: USD$8.56 Billion 總資產：總資產： $2,597.55$2,597.55 億元億元Direct Investments Direct Investments 直接投資直接投資 (39(39 家家 ))USD $5.77 billion ($1,751.41 億元 )

(67.43%)

Current Assets Current Assets 流動資產流動資產USD$ 1,252.12 million

($379.78 億元 )(14.62 %)

Loan FinancingLoan Financing融資計畫融資計畫 (13(13 項項 ))USD $857.31 million

($260.03 億元 )(10.01%)

Other Other 其他其他USD $290.17 million

($88.01 億元 )(3.39%)

(IV) Asset Allocation 資產分配情形

Venture Capital Investments Venture Capital Investments 創投投資創投投資 ( 51( 51 家家 ))USD $293.53 million

($89.03 億元 ) (3.43%)

Government Policy LoanGovernment Policy Loan協助主管機關協助主管機關辦理投資辦理投資(( 加強投資中小企業、文化創意產業加強投資中小企業、文化創意產業 ))

USD $96.57 million($29.29 億元 )

(1.13%)8


Investment inVC

ProjectInvestment

DirectInvestment

LoanFinancing

Operations業務內容

融資業務

投資業務專案投資

創投業務

(V) Major Activities 主要業務


II 、 Direct Investment投資業務


(I) Investment Strategy 投資策略原則　　　1. Do not act as lead investor 原則上不擔任主導性投資人

2. Invest in fund raising projects with raising amount above NTD$ 500 million 當次募資總金額超過新台幣 5億元3. Participate in projects that government shares in aggregate is not over 50% 公股比例合計不超過 50％


13

52 2 2 1 1 1

43 23

0

3

6

9

12

15

Biotech

Aerosp

ace

Finance

Semico

nductors

Optoelectr

onics

Digital co

ntent,

Cultural

& C

reatio

nTouris

m

Transporta

tion

Communica

tions

Venture

Capital

Steel

Machinery

生技

As of Jun.30, 2012, industry breakdown for equity investment is as follow:截至 101.06.30，投資標的計 39家，產業分類如下：

航太金融半導體光電

數位與文

化創意

觀光運輸通訊創投

鋼鐵機械

(II) Portfolio Companies 投資組合

Data Date ： Jun.30, 2012資料日期： 101.06.30

12


(III) Successful Examples 扶植產業成功案例

13

http://www.scinopharm.com.tw/index.asp

http://www.thsrc.com.tw/tc/?lc=tc


III 、 Venture Capital Investment創投業務


(I) Investment Strategy 投資策略原則　　　1. Investment in a single VC shall not exceed 30% of the VC’s Paid-in capital and may not exceed NT$1 billion dollars. 本基金對個別創投事業之投資，以不超過 10億元或募資基金總額 30%，孰低為限

2. The amount of domestic investment from the VC invested by the fund shall reach at least the total amount invested by the fund. 創投事業投資國內金額至少應達本基金投資之總金額 3. NDF delegates Megabank to invest in VC by a deed of trust. 以信託方式委以金融機構名義間接投資創投事業


Series 1 Series 1Series 2 Series 2

Series 3 Series 3

Series 1Series 1Series 1 Series 1Series 1Series 1Series 2Series 2Series 2Series 2 Series 2

Series 3Series 3

Series 3Series 3

原中美基金

0

2

4

6

8

10

12

14

16

1990 1997 2001 2002 2003 2010 2011 2012Q2

0.38(4)

7.63(44)

1.24(12)

9.11(57)

5.74(38)

3.82(31)

年Note 1: VC investment Series 1 started from Sep. 17, 1985; Series 2 started from Feb. 26, 1991; Series 3 started from Jan. 8, 1998.Note 2: Number of investment showed in ().

Unit: N

TD

$ Billion

單位：新台幣十億元

- Number of VC & Total Amount Invested 資料日期： 101.06.30Data Date: Jun. 30, 2012

(II) Accumulated Investment in VCs 國發基金累計歷年投資創投業之資金及家數變化

12.44(59)11.92

(57)

16


(III) Co-Fund Structure Between TW & NZ

Co-Fund

Investors from private sectors

Commitment(US$80 million)

Steering Committee

Portfolio Companies withNew Zealand / Taiwan related

1:1

Invest

Commitment(US$80million)

Policy Review Board

40% NZ or TW Venture Capitals

17

30%30%


IV 、 Project Investment專案投資


(I) Investment Strategy 投資策略原則　　　1. Co-investment with management consultant company 與管理顧問公司搭配投資2. Invest in company raising projects with raising amount less than NTD$ 500 million 當次募資總金額不超過新台幣 5億元3. Participate in projects that government shares in aggregate is not over 50% 公股比例合計不超過 50％


(II) Project Investment Statistics 專案投資統計Data Date ： Jun. 30, 2012資料日期： 101.06.30

20

專案名稱Project Name

額度(Units: NT$100millio

n )

投資家數Company

Numbers of Investment

投資金額( 單位 : 新台幣億元 )

Amount of Investment (Units: NT$100million )

加強投資中小企業實施方案The Implementation Project for

Strengthening Investment in SMEs

100 96 32.6

加強投資文化創意產業實施方案The Implementation Project for

Strengthening Investment in Cultural and Creative Industries

100 7 1.98

加強投資略性服務業方案The Implementation Project for Strengthening Strategic Service Businesses

100 辦理中辦理中

小計 300 103 34.58


V 、 Loan Financing融資業務


As of Jun. 30, 2012, USD $25.80 billion had been approved for 56,663 applications in 4 categories. ( 迄民國 101 年 06 月 30 日止，核貸件數 56,663 件，累計核貸金額達新台幣7,825 億元，計分四類。 )

(I) Achievements 融資成效

Data Date ： Jun. 30, 2012

資料日期： 101.06.30Currency unit: NTD$100million; 貨幣單位 : 新台幣億元

Uni ts: NT$100mi l l i on; :貨幣單位新台幣億元

Category 貸款項目Total

Amount貸款總額度

Fund by NDF本基金搭配出資額度

AccumulatedApproved

Cases累計核准件數

AccumulatedApprovedAmount

累計核准金額

I For improving industrial competitiveness為改善產業結構，促進產業升級者

$ 7,340 $ 1,321 52,593 $ 6,098

IIFor environmental protection & energyconservation配合推動環保及能源政策者

830 210 1,344 629

IIIFor strengthening R&D & infrastructuredevelopment plans協助加強研發及支援經建會計畫者

1,046 504 1,954 758

IV From other government agencies配合其他主管機關者

642 230 772 340

Total合計 9,858$ 2,265$ 56,663 7,825$ 22


簡報結束Thanks for your attention

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Documents

The Introduction of the National Development Fund 行政院國家發展基金管理會簡介