The Bicycle Design Competition is sponsored by the Department of Industrial Technology, Ministry of Economic Affairs, R.O.C. and managed and produced by the Cycling & Health Tech Industry R&D Center. The first such competition was the "1996 Taiwan Creative Bicycle Design Competition".
It was followed by the "1997 Bicycle Design Competition Among Korea, Japan & R.O.C." These two competitions were welcomed with great enthusiasm by Korean and Japanese participants as well as by those from Taiwan, and so from the third year on, the competition became a global one. The sponsors anticipated that it could become a channel of communication among bicycle designers, manufacturers and aficionados from all over the world.