TAIWAN:A RISING INTERNATIONALSTARTUP HUB C. K. MaoPremierRepublic of China (Taiwan)

October 7, 2015

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ChileSingapore

Korea

Finland

Ireland

U.K.

Israel

U.S.

Innovation and entrepreneurship as a global trend

Taiwan

Taiwan’s advantages

Excellent manufacturing support with great talents

Flexible production in small q’ty but great q’lty

Solid Internet infrastructure

Strategic location

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WHAT HAS GOV’T DONE?1. Smart regulation 2. Startup ecosystem3. Linkage to the globe

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Innovation and Startups Taskforce (ISTF)

• Mechanism• Establishment of the Innovation and Startups Taskforce

(ISTF) under the Cabinet to push innovation and entrepreneurship policies

• Goal • To provide a way forward for young people • To provide opportunities for businesses

• Vision• To build the Taiwan Silicon Valley entrepreneurship

model• To establish a dream-realizing base for young

entrepreneurs

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ISTF Framework

Global Networking

Social Innovation &

Young Entrepreneurshi

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Regulatory Adjustment

Ecosystem Building

ISTF

Linkage to the globe Build an

international cluster of startups

Bring in international capital, human resources, and knowhow

Smart regulation Carry out

regulatory adjustment plan for innovative companies, startups, and Virtual World Development Program

Startup ecosystem Promote

international startup cluster

Incubate new startups and help them obtain capital

Entrepreneurship support Encourage

entrepreneurship among young people

Build a virtual platform for entrepreneurship resources

Entrepreneurship education

One-stop window

Convener: Vice premier

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1. Smart regulation ‒ align with international standards

• Foster a startup-friendly environment• Add a special chapter to Company Law to provide startups with

diversified fundraising channels (「公司法」新增「閉鎖型公司」專章）• Enact Limited Partnership Act to allow new business organization

types (有限合夥法 )• Attract foreign startup talents

• Ease regulations on employing foreign professionals for innovation-driven startups （放寬引進外籍人才規定）

• Launch the Taiwan Entrepreneur Visa to grant 1-year residence permits to foreign entrepreneurs (創業家簽證 )

• Enable startups to access funding easily• Allow private sector operators to engage in equity-based crowdfunding （股權式群眾募資）• Pass the Act Governing Electronic Payment Institutions （電子支付機構管理條例）

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2. Startup ecosystem• Startup cluster building

• Establish an international startup cluster (Taiwan Startup Stadium, TSS)

• Global fund attraction• Allow venture capitals (VCs) and investors to share the

National Development Fund’s (NDF) profits up to 80%• Total fund-raising amount reached US$450M by Sep 2015

• Startups incubation• Invite leading international startup entrepreneurs to help

incubate Taiwan startups• Help organize international events in Taiwan, such as Mosa

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3. Linkage to the globe• Rapid Innovation Prototyping League for Entrepreneurs (TRIPLE, established in Taiwan March 2015)

• Taiwan manufacturers help entrepreneurs transform their ideas into products, while gaining a place in the global startup ecosystem

• Taiwan Innovation and Entrepreneurship Center (TIEC, opened in Silicon Valley June 2015)• Build talent and technology links between Taiwan and Silicon

Valley• Taiwan Silicon Valley Technology Fund (TSVTF,

approved by NDF September 2015)• Joint government-private sector investment in both Taiwanese

and Silicon Valley startups

WHAT’S NEXT?Build a globally linked startup ecosystem in Taiwan

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Upgrade startup ecosystem• Inspire Private Dynamics

• government serves as sponsor or supporter• Enhance Corporate Engagement

• connect resources and experiences of corporations with innovative ideas of startups

• Step up Government Initiatives• attract global talent through entrepreneur packages on

visa, capital and other incentives• organize training courses on computer coding and

maker related activities

Strengthen global linkage

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Reach outto the world

Open upto the world

• Taiwan Entrepreneur Visa• Taiwan Rapid Innovation Prototyping

League (TRIPLE)• Visiting Entrepreneurs

• More startups to overseas accelerators • Taiwan Pavilion at major tech conferences• More English news coverage

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Conclusion• Target Global Markets• Make Taiwan An International Startup Hub

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