Taipei City Grows Economy with Manufacturing, Robotics, and AI Startups
Taiwan
Taipei City
MEMBERS:
Taiwan Tech Arena
Taiwan has played a vital role in the global high-tech ecosystem for the past 30 years. We have elite startups from a range of verticals including AI, smart technologies and healthcare. We help our startups connect to the global tech ecosystem in all key markets and applications.
Ecosystem by the Numbers
EARLY-STAGE FUNDING
$284 m
GLOBAL AVG.
$687 m
ECOSYSTEM VALUE
$3.8 bn
GLOBAL AVG.
$28.6 bn
AI, Big Data & Analytics
MoBagel, an AI-driven enterprise decision-making technology startup, raised a $3 million seed round in 2017, followed by a $5 million Series A round in 2019. Appier, an AI-powered platform for brands and retailers, raised $80 million in a Series D round in 2019. Microsoft is spending over $30 million to build an AI research and development hub in Taipei, which will eventually house nearly 200 researchers.
Advanced Manufacturing & Robotics
Taiwan makes 75 percent of personal computers, 50 percent of LCD screens, 25 percent of semiconductors, and 20 percent of smartphones globally. The island is home to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker. Computer and hardware developers Acer and ASUS, electronics manufacturer Foxconn, and mobile phone giant HTC are all located in the Taipei City ecosystem. Success stories include Touché Solutions, a robot sensor module manufacturer, that raised $1 million in a seed round in 2017, followed by a $4 million Series A round in 2019.
Reasons to Move Your Startup to Taipei City
COVID-19 Policy
Taiwan's National Development Council has invited applications from startups majorly impacted by COVID-19 to participate in a special investment scheme. The NDC is offering 6 to 12 months of funding in exchange for preferred stock under the scheme.
Innovation + Funding
The World Economic Forum’s Global Competitive Report 2019 ranked Taiwan 4th globally for innovation capability. The Taiwan Venture Capital Association has a membership of ~200 VCl funds. Taiwan’s National Development Fund allocated NT$2 billion to its Business Angel Investment Program.
Selected Startup Organizations
Startup Genome Members
AppWorks
BE Accelerator
BE Capital
Business Incubator Center, NTUST
CDIB Accelerator
Center for Innovation Taipei
Center of Industry Accelerator and Patent Development Strategy (IAPS)
Center of Innovative Incubator, NTHU
Chung-Yuan Incubation Center (CYIC)
Digi Space
Garage+
ITRI Open Lab & Incubator
InnoSquare
KAFNU Taipei
NCU Innovation & Incubation Center
NTU Innovation Incubation Center
NTUT Innovation & Incubation Center
SOSV-MOX
SparkLabs Taipei
Star Rocket
Startup Lab at NCTU
Taidah Entrepreneurship Center (TEC)
Taiwan Startup Stadium
Yang-Ming Incubation Center (YMIC)
News from the Ecosystem
IC Jan
Dr. I-Chien (IC) Jan joined NBRP at the end of 2017 as Assistant Chief Executive of BioHub to strengthen the biomedical startup ecosystem in Taiwan. He has also served as Distinguished Research Fellow at BTDRL of ITRI since 2017 and given lectures on Innovation, Startup and Entrepreneurship in NTU since 2016.
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