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The 2017 Taiwan B.I.G. Demo and the FITI Program Retrospective Exhibition

2017/10/27

The startup incubation programs, directed by the Ministry of Science and Technology (MOST) and implemented by the STPI, held the “2017 Taiwan B.I.G. Demo Autumn Exhibition” and the “From IP to IPO (FITI) Retrospective Exhibition” on the sixth floor of Songshan Cultural and Creative Building on Oct. 27, 2017. During the exhibitions, startup teams gave fundraising speeches and exhibited their products; in addition, “graduates” from previous startup incubation programs returned to share their startup stories.

                Startup team MedxUp demonstrates their prototypes
 

The FITI Program has been promoted and implemented by the MOST since 2013. The program aims to encourage young students and employees of academic research institutions to start their own technology companies. Every year, the program trains approximately 80 startup teams. To date, 398 startup teams have been trained, producing 121 startup companies, a paid-in capital of nearly NT$1.3 billion, and an employee count of more than 500.

  Minster Chen Liang-gee appreciates all the supports from funding enterprises
 

  Minster Chen Liang-gee appreciates all the supports from funding enterprises
 

For the 2017 Taiwan B.I.G. Demo Autumn Exhibition, the latest startup teams who receive training on innovation and startup-related programs organized by the MOST (e.g., FITI Program, MOST Germination Program, and Stanford–Taiwan Biomedical Fellowship Program) were invited to present their startup ideas and innovative products. They were also given the opportunity to interact with venture capital firms and angel investors. These endeavors were expected to drive new investment opportunities in the field of emerging technologies.

                                        Startup team’s pitch
 

                                       Startup team’s pitch
 

At the FITI Retrospective Exhibition, activities held by the FITI Program as well as the results achieved were displayed. In addition, program “graduates” who had enjoyed some level of success were invited to share the ups and downs they experienced during the start-up of their own companies. Chen Liang-gee, Minister of the MOST and Stan Shih, Chair of the Stans Foundation and honorary dean of the FITI Program, also attended the event to encourage startup teams, reminding them not to be irritated or discouraged by setbacks when starting a company and to use their confidence and preservation to build a better future.

Minster Chen Liang-gee and Chair of the Stans Foundation Stan Shih chat with startup teams
 
  Chair of the Stans Foundation Stan Shih encourages the startup teams to create the market value for their products
 
                 
 Chair of the Stans Foundation Stan Shih encourages the startup teams to create the market value for their products
 
  Minster Chen Liang-gee and Chair of the Stans Foundation Stan Shih chat with startup teams
 
  Minster Chen Liang-gee and Chair of the Stans Foundation Stan Shih chat with startup teams
 
Minster Chen Liang-gee and Chair of the Stans Foundation Stan Shih chat with startup teams