Taiwan has gained global recognition in recent years for its innovative potential and entrepreneurial environment. It was ranked among the four most innovative nations in the world by the World Economic Forum (WEF) in 2018 and 2019 and ranked third in the Global Entrepreneurship Watch (GEM) National Entrepreneurship Environment Index (NECI).
To continue to strengthen the international reputation of Taiwanese startups, the National Development Council (NDC) has launched a four-year program called The Asia Silicon Valley Development Plan 2.0. The new plan builds on the previous Asia Silicon Valley plan, using public and private resources to promote business and innovation, create new partnerships and position Taiwan as a major force in digital innovation in Asia.
Launching Taiwanese startups internationally and strengthening the global image of the startup scene is crucial to the continued success of Taiwanese entrepreneurship. To this end, NDC, in the spirit of public-private partnership, has joined forces with the community to create the national startup brand Startup Island TAIWAN.
Startup Island TAIWAN’s logo depicts abstract mountains reflected in the ocean – a symbol of the island – combined into an image denoting infinity and DNA, signifying the endless possibilities of Taiwanese innovation capacity flowing through the veins of the Taiwanese people.
The startup community as well as key opinion leaders of the Startup Island TAIWAN brand named nine rising stars as NEXT BIG companies taking Taiwan’s startup scene to the next level: CoolBitX, Gogoro, Greenvines, iKala, KDAN MOBILE , KKday, Pinkoi, 17LIVE and 91APP. . These startups have become benchmarks that can lead more Taiwanese startups to the global stage and demonstrate the strength of Taiwanese entrepreneurship.
Taiwan is also strengthening its ties with startup ecosystems in various countries and continuing to align with international standards. For example, the “Japan-Taiwan Startup Summit,” focused on digital transformation, was held in Tokyo in July this year. The summit, which was the largest Taiwan-Japan startup exchange event to date, marked a new milestone in relations between Taiwanese and Japanese startups. It attracted more than 500 people, as well as 33 Taiwanese startups and Japanese companies, venture capital firms, banks, startups and more than 20 media outlets.
By establishing regular communication between partners, Taiwan will deepen exchanges between Taiwanese startups, Japanese companies and strategic investors, jointly promote digital transformation and enter the international market.
In addition to deepening its relations with Japan, Taiwan has also turned its attention to the United States, where it jointly established a model of exchanges at the first annual North American Taiwan Technology Conference, which took place is held in Silicon Valley in September. Representatives from industry, government and academia had lively interactions at the conference, which covered topics on five advanced technologies: artificial intelligence (AI) and data science, semi-hardware driver, biotechnology, investment in startups and Web3.
The conference attracted more than 1,000 participants in person and sparked tens of thousands of interactions online. By increasing investment and interaction with the United States, Taiwan can further develop its new industries and global connections.
To facilitate a better understanding of Taiwan among international investors, businesses and startups, the government not only created the Startup Island TAIWAN website, but also uses multimedia to expand its global marketing capabilities and actively promote Taiwanese startups in the world. This was possible through the launch of the Startup Island TAIWAN podcast, which covers topics related to Taiwan’s innovation capacity and connecting global industries. The podcast provides an opportunity to show Taiwan’s innovative and vigorous developments to the world.
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