According to government statistics, one out of forty workers in Taiwan comes from ASEAN countries. There have been more than 540 thousand foreign spouses since 1998, and one in three of them is from ASEAN countries. On top of that, 20 percent of newborn babies are these ASEAN workers’ descendants. As a consequence, these ASEAN fellows and their children are significant to us. However, we found that they are mainly blue-collar workers. Despite the fact that some may open start their own business, these businesses are mostly restaurants or food stands.
In order to improve current situations, STARTBOARD is going to launch the “#NewImmigrationVoice” project, hoping that through the support from the government, we can cooperate with these spokesmen to build up a platform for starting up their own business and addressing their thoughts.
This forum is the bridge of connection and the prologue of the “New Immigration Voice” program, allowing each of us to have a more profound understanding of the descendants of ASEAN immigrants.
To most descendants of ASEAN immigrants, the discovery of self-identity is a time-consuming journey. Along the way, they may encounter numerous ups and downs. However, as they move on, more thoughts and opinions regarding their parents’ hometown and their identity may come to them.
The three descendants of ASEAN immigrants are fortunate to find their roles in life. They are now proud of who they are, able to make use of their strengths to begin a new chapter of their lives. Yet, not all descendants of ASEAN immigrants are fortunate enough. Some may still be searching, while some may still be in shadows.
This is the point of the “New Immigration Voice” program. Through the collaboration between STARTBOARD and descendants of ASEAN immigrants, we hope to raise more voice and bring about a friendlier environment for ASEAN immigrants and their descendants alike.
There are many international students in Taiwan who have the idea of starting a business. However, because there are no resources and channels to consult and assist, STARTBOARD has established an ambassador program and recruited 11 international students from 7 different countries to become STARTBOARD Brand ambassador.
Hoping to promote the core value of STARTBOARD and encourage more students to start their own business in Taiwan, make their dream come true.
On September 25th, STARTBOARD is honored to participate in the TTA startup Dinner Gathering which TTA invited the National Development Council, Small and Medium Enterprise Administration, the Ministry of Science and Technology and other ministries to participate in relevant series of events, expecting to connect and integrate the resources of various ministries. The purpose is aiming for utilizing various resources and moving towards the international arena with building up the startup ecosystem in Taiwan. TTA invited Director-General of SMEA, Mr. Ho Chin-Tsang, Director General of Department of Human Resources Development, NDC-Ms. Gyh-Mei Lin, Director General of Department of Academia-Industry Collaboration and Science Park Affairs, MOST- Mr. Chiou, Assistant CEO of National Biotechnology Research Park -Dr. I-Chien Jan (IC), President of CDIB Capital Innovation Accelerator- Mr. Ryan Kuo, Director of Research Division III, Taiwan Institute of Economic Research- Mr. Xin-Wu Lin, President of Business Next Publishing Corporation- Ms. Katie Chen, Sales Manager of TCA- Mr. Chen, Manager of Taiwan startup-hub-Mr. Lau Liu and Founder of AMEASS-Mr. Wu to participate in this wonderful event.
【Integration of the Taiwan startup ecosystem】
First of all, Director-General of SMEA, Mr. Ho Chin-Tsang, Director General of Department of Human Resources Development, NDC-Ms. Gyh-Mei Lin and Director General of Department of Academia-Industry Collaboration and Science Park Affairs, MOST- Mr. Chiou based on the startup blueprint for the future, mentioned how ministries integrate and cooperate so that the startup teams can acquire more comprehensive resources and assistance. Besides, the Director-General of SMEA, Mr. Ho Chin-Tsang also announced that Startup Terrace will officially open on October 17th, hoping this international startup campus project can bring a positive impact to entrepreneur communities and the startup ecosystem. By helping young people to start their own business and inspire social innovation which can drive the industries transformation. By doing so, it will generate the momentum of economic growth.
【Networking is more important than anything】
Dr. Jan mentioned that the purpose of this event was not only to integrate the resources of various ministries but more importantly, the connection of people. In this venue, there are lots of startup teams, media, startup hubs and government departments from various fields and industries. This was a fascinating opportunity to meet with those elites surrounding you and having further discussions with them. You may have a better understanding of your strengths and weaknesses, and even find a partnership opportunity with other attendees. At the end of the speech, Dr. Zhan encouraged everyone to expand their networking by starting a conversation with at least three people and answering to more than three questions.
【Indispensable character of entrepreneur】
The conclusion was given by Director of Research Division III, Taiwan Institute of Economic Research- Mr. Xin-Wu Lin, focused on the 2019 Taiwan Startup ecosystem Survey, he outlined the development of Taiwan’s entrepreneurial ecology. He hoped through this survey report can deepen the understanding of Taiwanese entrepreneurs’ situation. And he mentioned that entrepreneurship is an indispensable character of entrepreneurs, it can help entrepreneurs overcome the challenges during the entrepreneurial journey but also one of the most important forces for economic development.
With an eye to enabling people who are interested in the Thailand market to get deeper insights into its startup environment, STARTBOARD launched Thailand Theme Night at C.C.Work, Terminal C on September 16th. In the event, Deputy Executive Director of
Thailand Trade and Economic Office, Mr. Phubadi La-Or-ngern, President of Thai – Taiwan Business Association, Ms. Hsiu Min Kuo and Legislator of Legislative Yuan, Ms. Karen Yu joined us as our guests. Apart from that, the speaker lineup included Chairman of Joint Foreign Chambers of Commerce in Thailand, Stanley Kang, who has been delving into business environment in Thailand for years, Managing Partner of Louis Management Consultant, Raymond Yu, who exemplified must-do risk analysis from the legal point of view, and Founder of Yallvend, Duncan Huang, elaborating on how they expanded to five countries within a year and set foot in Thailand.
【Beyond Thailand 4.0- The Value Economy Is on The Horizon】
Chairman of Joint Foreign Chambers of Commerce in Thailand- Stanley Kang
Based on real-life experiences, Mr. Stanley Kang was able to articulate the transformation taking place in Thailand in recent years. Aside from being a geographical pivot, more and more Chinese manufacturers shift production to Thailand, which gradually made Thai as the manufacturer of ASEAN. Thailand 4.0 was therefore generated along with alteration in industrial structures. Mr. Kang mentioned three fundamental elements, which are smart manufacturing, smart city, and intelligent people respectively. In this manner, the value economy based on trade and services as well as technical innovation will be booming as a trend. Meanwhile, by collaborating with Eastern Economic Corridor (EEC), the flow of merchandise, talents, and cash can witness a free-flowing, facilitating the technical and market development. To wrap up his speech, Mr. Stanley indicated “ If you want to go fast go alone. if you want to go far go together.”
【Risk assessment and actual case analysis that should be understood when doing business in Thailand】
By combining logical thinking from science and technology and legal know-how, Mr. Yu experienced his transfer at work as an engineer to a counselor. Due to his personal experiences, he’s often enthusiastic about startup projects; nevertheless, kickstarting a business demands compatibility with different knowledge, evaluating potential risks at the same time. Mr. Yu pointed out several risks we need to care about before bounding into the Thai market — language barriers, the legal system, and local custom. First thing first, given that the government sector only receives the application in Thai, loss in translation may be gnawing at entrepreneurs. Additionally, intellectual property protection, trademark process, and holding shares of local partners all come up as problems. Last but not least, Mr. Yu shared one of the cases he ran into. There was such a foreigner who got wasted, doing the graffiti to portraits on the roadside. This guy ended up in jail since the portrait happened to be the monarch of Thailand. The respect for the king and the ruthless law are not outlanders could ever envision.
【The revolution of the vending machine industry】
Yallvend was founded during January 2019, and has already swamped up to five countries and delved into Thailand market. The CEO of Yallvend, Mr. Duncan Huang, blatantly indicated two main pain points that the vending machine industry has been witnessing. For the starters, this industry still sticks with traditional payment methods. Also, inventory management, as well as sales data, could be out of control. By putting their IoT solutions into use, thousands of idle machines can be upgraded without any destruction, in which both online payment and inventory tracking systems are provided. Aside from the vending machine industry, Yallvend also offers strategies with regard to industrial transformation and smart vending solutions to 7-11 the convenience store. Mr. Huang also shared their development in Thailand, inviting talents who are enthusiastic about the vending industry to join in, expanding business scale in Thailand.
The Q&A section was nicely arranged, where several international and Taiwanese talents demonstrated ambition to jump at Thailand market by exchanging opinions and raising questions, ranging from foreign trade committee to industry expo, and even US-China trade war, whose impact has been heating on. At the end of the day, COO of STARTBARD, Uniform Lin stated: “ Aside from connecting with Thai community in Taiwan, we also provided The Entrepreneurial Manual for those brave enough to set foot in Taiwan; meanwhile, it’s also our measure to help Taiwanese startup team locate Thai talents more precisely.”
To provide a better understanding of the startup ecosystem in Taiwan for foreign entrepreneurs and talents, the Small and Medium Enterprise Administration (SMEA) of the Ministry of Economic Affairs (MOEA) held an international startup meetup. The moderator of the event is Xin-Wu Lin, Director of Research Division III, Taiwan Institute of Economic Research. He introduced the experts from various fields and potential startups. The opening remark was given by Betty Hu, the Deputy Director-General, SMEA, MOEA. She shared Startup Terrace and its ecosystem for startups. The following speaker was Sonya Liu, who shared about the 3rd G camp program. She represented the Institute for Information Industry. Coming up next was the introduction of the 2019 Health Tech Training Program, conducted by The Science & Technology Policy Research and Information Center (STPI), NARLabs. Moreover, Brandon Hsu, Country Manager of Regus Taiwan spoke on the topic of the Flexible Working Trend and Leverage. For entrepreneurs interested in European and ASEAN market, there were also several topics featuring the global market. Andreas Goller, Senior Manager of Market Entry Service, German Trade Office Taipei gave an insightful talk on the Germany market. The concluding speaker was given by Uniform Lin, COO of STARTBOARD ASEAN-Indian startup incubator. During the talk, he elaborated on what venture capitalists look for in a startup.
【Government resources】
Betty Hu, Deputy Director-General of SMEA, was delighted to see those entrepreneurs with passion and talents gather together in this meetup. Meanwhile, she announced the grand opening of Startup Terrace will be officially held in September. Besides, she talked about the top-notch startup ecosystem in Linkou area and its modern facilities which support international entrepreneurs to safely land their business in Taiwan.
Besides Startup Terrace program, there are many events and startup pitch competitions held by different organizations to strengthen the startup community. Sonya Liu from III introduced the G camp, which provides business expanding strategy, VCs pitch, business cooperation, global market, etc. The purpose of G camp is to encourage startups to expand their business internationally. In addition, the 2019 Health Tech Training Program has been launched by STPI, NARLabs. This program is specifically designed for the medical and health industry. They offer one-on-one consulting service and offer opportunities for selected teams to be trained and mentored by local experts in the Netherlands. The vision of the program is helping Taiwanese health tech startups utilize resources of the European market efficiently and effectively. In sum, the two programs are advantageous resources for startups to step into the global market and be able to survive in the harsh environment of international competition.
【Flexible Working Trend】
Brandon Hsu, Country Manager of Regus Taiwan, quoted that there are only 46% of employees working near their residencies. The commute is leashing the efficiency of work and time-consuming. Working at home creates other problems because home is not a professional working environment. Also, working at home has many disadvantages like the distractions, work-life mixups and so forth. Regus spotted the enormous demand of the flexible working space. Regus provides satellite offices for businessmen to work in their co-working space. By building co-working space all over the world, Regus does not only offer alternative office space for its members but also provides geographic-advantage and flexible working space. The new trend of co-working space is taking down the wall of conventional offices, facilitating communication among different industries and broadening the horizon of business.
【German – the center of Europe Industry】
Mr. Goller is the senior manager of Market Entry Service at German Trade Office Taipei. The mission of the office is to improve the business cooperation between Taiwan and Germany by providing professional legal services, financial consulting services, and other support for Taiwanese startups to expand their business in Germany. Mr. Goller said there are about twenty Taiwanese enterprises in Germany. Gogoro is a good example. It has noticed the automobile is the leading industry in Germany and drives the innovation of engine design and manufacture. Gogoro wanted to collaborate with the unique automotive supply chain in Germany to boost its electric scooter engine to the next level. Therefore, Gogoro decided to choose Germany as their first destination in the European market.
【Win the heart of VCs】
Uniform Lin, COO of STARTBOARD ASEAN-Indian Startup Incubator, indicated the potential of ASEAN-Indian talents in Taiwan. He mentioned that the number of South-East Asian talents in Taiwan has increased from thirty thousand to sixty thousand since 2015. Well-educated professionals are seeking for a better connection with the integrated high-tech supply chain in Taiwan. Staying in Taiwan is their first step to open the grand Chinese market. When it comes to “international markets,” many people only think about the U.S.A and Europe; however, Venture Capitals gradually shift their capitals to fast-growing markets like South-East Asia and India. Mr. Lin said, “There are three things VCs looking for in a startup. First, courage and confidence are the fuel to overcome the struggles in entrepreneurship and help you through the obstacles with agility. Secondly, the balance of bold ambition and practical strategy is important. You have to be keen on the new trend and carefully set forth your plan both financially and strategically. At last, business reputation and credibility is the baseline. There is nearly no VC would make an investment on startups which have a dishonest or unethical history.”
The first event of the series of International Startup Meetups has successfully come to an end. The series still has three more events in store. Through the brainstorming and discussion between the International talents and startups, it collects the energy for innovation and depicts the future of entrepreneurship in Taiwan. The participants including entrepreneurs, international students, and business professionals are from all over the world. This event practically offers governmental resources, alternative working space and the solutions for an early-stage business.
In order to encourage talented people to carry out their business idea in Singapore, STARTBOARD invited five outstanding speakers to share their own entrepreneurship experiences and insight concerning Singapore market, including founder of Qsearch-Shih En Chou, head of business,Taiwan of ZUZU Hospitality Solutions-Ivy Hsieh, former director of Economic Division, Taipei Representative Office in Singapore-Eugene Chen, world bakery champion-Wu Pao Chun, and vice chairman of International Affairs Committee, Taipei Bar Association-Raymond Yu.
Anyone Can Be a Successful Entrepreneur in Singapore
Raymond Yu, vice chairman of the International Affairs Committee, Taipei Bar Association, made an impressive opening with an inspiring remark. He convinced the audience that Singapore is the best market for business expanding due to law-abiding employees, friendly start-up ecosystem, and a supportive government. Once the business development becomes smooth in Singapore, so will it be in any other Southeast Asia countries.
From Baker to International Entrepreneur
World bakery champion, Pao Chun Wu, indicated that it was not until he won the world championship did the public change the poor impression on bakers. Aside from having good command in making bread, Mr. Wu also obtained a master degree in EMBA from the National University of Singapore in 2016. Combining these two skills perfectly, Mr. Wu successfully opened his own bakery, becoming a fabulous enterprise. On top that, he scheduled to launch a brand new joint bakery in Singapore with BreadTalk, the biggest chain bakery in Singapore, making Wu himself international.
Take the Singapore Government as a High-efficiency Commercial Company
Shih-En Chou, the founder of Qsearch, pointed out four advantages for starting an enterprise in Singapore, which is“superior geographic site”, “open banking services“, “tax exemption”, and “high-efficiency commercial government”. He illustrated how to set up a company in Singapore from 0 to 1 with the aid of the government contract project and Gebiz website (https://www.gebiz.gov.sg/). As a founder of a start-up company, Mr. Chou claimed that we should take the SG government as a commercial company because of their executing efficiency as well as their rapid response to the market.
However, there are still some threats and challenges. At the end of Shih-En’s speech, he put forward some questions which require further consideration before an entity leap to SG market, such as “How you protect your intelligence?”, “Do you have any competitive advantages to win the gov contract in the future?”, and etc, to give the audience’s an arm shot.
Localization is the Key to Thriving
Head of business, Taiwan of ZUZU Hospitality Solutions, Ivy Hsieh, brought forward another issue – “How can an SG start-up company made their own way to Taiwan?” Acting as a foreign entity, it was quite challenging to localize in Taiwan, especially for a hotel operating management consulting company like ZUZU. Ivy indicated that “relationship building”, “cultural differences”, and “language obstacles” were the three toughest trials for them to conquer while expanding to Taiwan, and the “invoice system” could be the example. Yet, via constant communication, continuously learning, and culture adoption, now ZUZU not only become stable in Taiwan, but they also expand their hold on Indonesia, Thailand, and other countries.
Taiwan is also a Best Start-up Site
Served as the Secretary of Taipei Economic and Cultural Office in the Philippines and the Former Director of Economic Division, Taipei Representative Office in Singapore, Eugene Chen is quite professional in the field of economic and trade negotiations and cross-cultural communication. Putting much emphasis on location, mighty support government, substantial amounts of external funds, strong industrial cluster, and a friendly fundraising and financial environment, Eugene assured that Taiwan is also the best birthplace for business.