Font Size * * *

Taiwan’s Vision Program Teams Take the International Stage on Taiwan Demo Day

2017/09/25

The “Vision Program,” introduced by the Ministry of Science and Technology (MOST), selected 10 outstanding teams in July 2017 to visit Silicon Valley and participate in a month-long innovation and startup training program. On September 21, 2017 (US Western Pacific Time; Sept. 22, 2017 in Taiwan), the Vision Program teams held a Taiwan Demo Day in Silicon Valley to mark the completion of the training program and showcase the teams’ remarkable achievements. In addition, local angel investors, venture capital investors, and potential business investment partners as well as startup teams from various parts of the world were invited to the event to exchange startup experience and information.

More than a hundred investors participated in Taiwan Demo Day and watched teams’ pitch
 

Startup requires passion and dreams, as well as leaders that can steer the company in favorable development directions. In addition, an entrepreneurship-friendly environment, which takes time to foster, must also exist. To help Taiwanese teams interested in innovation and startup-related operations surpass conventional thinking, expand their horizons, and provide them with international experience, the MOST promoted the Vision Program and commissioned the STPI to initiate the program in early 2017. After six months of repeated selections and intensive counseling, 10 outstanding teams were chosen to go to Silicon Valley to participate in the month-long advanced training program at the Plug and Play (PnP) Tech Center, a renowned international startup accelerator. The training content included lessons on startup-company-related laws and regulations, financial affairs, marketing activities, and user experience. All participating teams received counseling from accelerator network instructors who are the chief business managers or investment department representatives of local businesses. During the training period, these instructors offered practical advice on development directions, adopted a market-oriented model to clarify the feasibility of business models, analyzed bottlenecks and sought their solutions, and helped the teams expand their horizons, acquire industry-related information, experience startup company atmosphere, and expedite the startup process.

 Potential business investment partners exchange experiences with startup teams
 

On September 21, 2017 (US Western Pacific Time), the Vision Program teams held a Taiwan Demo Day at the PnP Event Center in Silicon Valley. This event garnered the attention of numerous venture capital firms in Silicon Valley. Subsequently, the Vision Program teams engaged in interactive exchange with Silicon Valley venture capital firms and startup teams and actively sought cooperation and investment opportunities by showcasing their prototypes and results (via a booth display). The event was held around the time of the international startup exhibition TechCrunch; six startup teams (led by the Taiwan Innovation and Entrepreneurship Center of the Industrial Technology Research Institute) participating in TechCrunch were thus also invited to demonstrate their startup achievements, facilitating synergy and increasing the visibility of Taiwan’s innovation and startup industry.

        Deputy Minister Hsu Yu-Chin of Ministry of Science and Technology
 
                 
                            Director General Joung Yuh-Jzer of STPI
 
Local angel investors, venture capital investors, and potential business investment partners