This study aims to develop a better decision mechanism of venture capital on biotechnology industry. It is expected that the research results will help new ventures to obtain more funds smoothly, and the success rate of the venture capital industry will be further improved. This will be an important factor for the smooth development and success of the polysaccharide technology in the biotechnology industry. The empirical result of this study shows that Taiwan’s venture capital industry should give priority to Macroeconomic Factors, Business Model, Import and Export Trade Variables, Industrial Policy and Management System and other factors that affect the success of startups when evaluating Rice-Bran Polysaccharide biotechnology investments.
JEL classification numbers: D40, D72, G11, O31, Q16
Keywords: Taiwan Biotech and Biopharmaceutical Industry, Venture Capital, Polysaccharide Technology, Modified Delphi Approach, Fuzzy Analytic Hierarchy Process.