The future will see all industries become technology-driven in the competitive global marketplace. Venture firms with deep technological roots and innovation strategies have some advantages. In this situation, existing methods for technology assessment are not enough to evaluate their relative technology competitiveness. Therefore, a more useful and comprehensive approach is needed to obtain the desired outcomes for measuring the relative competitiveness of technology effectively. In this research, I applied factor analysis, which is methodology to be capable of determining the common factors and associated weights reasonably, to the development of the technology competitiveness indexes.