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Big day for Taiwan startup ecosystem- Taiwan startup brand launched today

In order to explore the DNA of Taiwan’s innovation and entrepreneurship, After spending more than one year, 國發會 (NDC) invited all the partners devoted to develop Taiwan’s startups together and announced the startup brand representing Taiwan “Startup Island TAIWAN”, which is officially launched today.
This startup brand of Taiwan represents everyone who contributes to Taiwan’s startups.

Minister of NDC- Dr. Mei-Ling Chen proudly said this brand belongs to everyone, hoping everyone can tell that Taiwan ’s innovation energy is the No.1 of the world by showing “Startup Island TAIWAN” this brand.

 

 

2019 Meet Taipei- Startups see the potential in the integration platform of O2O services

During this Meet Taipei event, there were many international startups participating in the exhibition. We had a chance to talk with them and found that many startups are paying more and more attention to digital technology. Most of them are expanding to Southeast Asia. What impact does digital technology have on the Southeast Asian market? Let’s unveil why Southeast Asia will become the next cradle of digital technology.

 

【Make The Matrix learning style possible】

1MUJUN, a 3D martial arts training App found by the Hong Kong company, uses motion capture and 3D scanning technology to record and preserve the masters’ action, creating a 3D video for martial artists. The users could freely adjust the video perspective and control the video speed, which resolves the problem of 2D video blind spot to imitate and follow the movement more precisely. MUJUN shares that not only Chinese love martial art, but also other Asia, American and European countries are full of interests in this sport. In the future, MUJUN desires to expend their business into ASEAN for not only promoting Chinese martial arts but also recording unique martial arts in Southeast Asian countries, for example, “Silat” from Malaysia, “Kalarippayattu” from India. MUJUN hopes to use technology to promote traditional martial art to the world.

【 Breakthrough the dilemma of foreign tutoring in Taiwan】

1574046717896.jpgA learning platform for foreign language tutors and Taiwanese families, TUTEEMI, was found by a Guatemalan and Taiwanese teacher. They found out that the demand for foreign language tutors is increasing; however, most of the foreign teachers are not familiar with Chinese, tutor-seeking websites and other resources. TUTEEMI resolves the language and culture problem to build a safe and reliable platform for foreign tutors and locals. TUTEEMI also provides customized lessons for tutors to meet each student’s specific needs. The language tutor service includes English, French, Spanish and Portuguese. Now, they are eagerly looking for Southeast Asian language teachers to solve the problem of insufficient language talents for the Taiwanese government and enterprises to the Southeast Asian market. TUTEEMI has been one of STARTBOARD members. After numerous meetings, they’ve built their official website and a working prototype. TUTEEMI also won the third prize in Dragons’ Chamber 6 minutes pitch competition.

【 Create your own Gaming competition 】

71089522_758708137893867_7582417319708590080_n Bountie is a startup from Singapore. Because the e-sports market has already become an international event and South Asia’s rapid growth in internet penetration rate, Southeast Asia has become a key development area for the e-sports market.

Bountie observed this trend and they thought holding e-sports games should not only be a privilege for major gaming companies.With Bountie and its gaming platform, gamers can participate in different e-sports events and top gamers can be rewarded in Bountie Tokens. Organizers and gamers can use Bountie to create and join free-to-play Tournaments that are available through all year round. At Singapore headquarters, they created an e-sports arena, hoping to build Southeast Asia’s e-sports network and create the largest e-sports market in Asia.

【Golfing is Easier than Making Reservation in Thailand】

intro_f91f123a6d892e40e56015e75108ad0eGolfdigg, a startup founded in 2014 in Thailand, is a platform to quickly and easily book golf service online at over 150 golf courses. The advantages of Golfdigg are real-time, twenty-four-seven and provide the reservation service; its business is scalable and runs by a strong IT team. With the season and time changed, it provides up to 80% off discount to their members to meet fluctuated demands. Golfdigg has cooperated with the Thai Golf Course Business Association and has more than 50,000 premium members. In the near future, they hope to replicate their success story to Taiwan’s golf courses.

【Connection with ASEAN Talents】

20191114_175401STARTBOARD sincerely thanks to Meet Taipei and Business Next Media Corp. for the invitation to be an exhibitor. STARTBOARD has been assisted 30 startup teams to get entrepreneurial VISA, file company registration, provide intellectual property and legal advice. We also work with Taiwanese enterprises to expend their business into ASEAN and this demand is increasing exponentially. STARTBOARD observed this pain point and developed our core value – nurturing international talents to start their career or business in Taiwan and supporting Taiwanese to land their business abroad. So far, STARTBOARD has more than twenty thousand Facebook followers specialized in ASEAN and international communities in Taiwan including startups, government, corporations and media personnel, etc. Through this platform, STARTBOARD desire to answer different needs of foreign entrepreneurs, and to provide a platform for all stakeholders to co-brand and promote themselves.

【Southeast Asia’s Growing E-commerce Market】

From Meet Taipei 2019, we could see the power of innovation in Asia and the outline of the future market trend.

The overall Asian innovation industry is moving to the next stage, where Taiwan’s market is the natural base for expending into the wider Southeast Asia market.

The charm of the Southeast Asian market derives from its demographic dividend and the increasing Internet penetration rate driven by governments which lead to consumption habits change. To answer the change, the next rising star will be in the e-commerce or mobile service industry and those will be the key point to find the spot in the flourishing Southeast Asia market. Enterprises should take the priority of adding more language services (EX: English, Thai, and Hindi) on their websites and social media channels.

From the startups in the exhibition, we can find that the online platform is the basis for the virtual connection between the customer and the related physical services (EX: tutor, sports, video games, costume, pet consultation, restaurant, restaurant waiting time…etc.). Beside effectively reducing the cost of physical services, it is also easier to replicate and rapidly expand the market overseas.

 

 

The international entrepreneurial cluster-Startup Terrace has been grandly opened

On October 17th, it is a crucial day for Taiwanese startups. The international entrepreneurial cluster is accumulating Taiwan Startups energy – Startup Terrace has been grandly opened today.

President of the Executive Yuan  Mr. Tseng-Chang Su, Minister without portfolio Mr. Ming-Hsin Kung, Political Deputy Minister of Ministry of the Interior  Mr. Jing-Qun Hua, Deputy Minister of Ministry of Science and TechnologyMr. Yu-Chin Hsu, Minister of MOEA Mr. Jong-Chin Shen, Deputy Minister of National Development Council  Mr. Cheng-Mount Cheng, Deputy Mayor of New Taipei City  Mr. Ming-Ji Wu, Legislator of Legislative Yuan Ms. Karen Yu, Legislator of Legislative Yuan Ms.Sun-Ling Lu, Deputy Director-General of SMEA, MOEA  Ms. Betty Hu, Representative of Canadian Trade Office in Taipei Mr.Jordan Reeves, Chairman of ITRI Mr.Chih-Kung Lee, Chairman of TCA Mr.Tzu-Hsien Tung, and several contributors were invited to present this wonderful event.

 

【Driving Startups through Industrial Advantages

24701First of all, the deputy mayor of New Taipei City Ming-Ji Wu mentioned that about 23% of Taiwan’s manufacturing industry is concentrated in New Taipei City, which is a veritable manufacturing town. In addition, in terms of startup, the New Taipei City Government has tried their best to promote various projects, in addition to the establishment of the first startup accelerator created by the local government, “Innosquare”, integrating of resources across the bureau, and linking with Startup Terrace. Hoping to attract international startup teams through the above advantages, also improve the local development.

 

【International Networking is the key point

Minister of MOEA Mr. Jong-Chin Shen and Political Deputy Minister of Ministry of the Interior  Mr. Jing-Qun Hua took the international networking as the core topic, in addition to explaining how the Athlete’s Village of Taipei Summer Universiade was transformed into a startup cluster. And said, AI, IoT, 5G, big data, and medical industry are the main directions in the future, and happy to announce that Startup Terrace already attracted 132 startups and international accelerators from 10 countries to station. Hoping Startup Terrace becomes a major international entrepreneurial cluster in Asia through connected from international technology, capital, and resources.

 

【Startup Terrace just the beginning

24722President of the Executive Yuan Mr. Tseng-Chang Su said that the Executive Yuan is committed to creating a more favorable startup environment through policies such as “Digital Country, Innovative Economy” and “Optimizing New Investment Action Plan”, and also create the financial supervision sandbox to allow entrepreneurs have more way to achieve their goal. He also mentioned that through the integration of national resources, connecting with various ministries, it has already successfully integrated youth entrepreneurship into social housing and became an international new cluster. But this is just the beginning. The “Startup Corridor” will be the ultimate goal. Through the transformation and upgrading of small and medium-sized enterprises, Startup Terrace will be linked with Asia Silicon Valley, ITRI and Taipei Arena. Hoping can encourage more international startups to Taiwan and drives Taiwan’s industrial transformation with innovative energy.

New Immigration Voice

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.

Brand Ambassador Program

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.

The next step of Taiwanese startups? Integration of the startup ecosystem

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】

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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】

21128Dr. 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

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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.

It’s your time to win a hand in Thailand — 2019 STARTBOARD Thailand Theme Night

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】

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Chairman of Joint Foreign Chambers of Commerce in Thailand- Stanley Kang

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】

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Managing Partner of Louis Management Consultant- Raymond Yu

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】

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Founder of Yallvend- Duncan Huang

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.

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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.”

[Taipei Entrepreneur Exchange Conference ] All the way to the south and the key to success

Mason Lin, Project Manager at STARTBOARD

To enable  entrepreneurs in Taipei to explore the Southeast Asian market, “Subsidies and Incentives for Taipei Industry Project” organized the “ Taipei Entrepreneur Exchange Conference – All the way to the south and the key to success,” where they had gathered entrepreneurs from all walks of life to share their first-hand experiences and insights into the Southeast Asian market. The event had a good start through the coordination between Subsidies and Incentives for Taipei Industry Project and Social Innovation Lab, where current entrepreneurial resources integrated by the government and the private sector are highlighted. The grand opening was followed by” The Introduction of The Southeast Asian Market,” launched by Uniform Lin, the COO at STARTBOARD, “Market Development In Singaporean Market,” launched by Xu Bozhen, the CEO at Rooit and “ Must-know Resources for Cross-border E-commerce Industry,” launched by Tsai Songda, the deputy secretary general at Importers and Exporters Association of Taipei. Lastly, the event would be wrapped up by Taiwan  Tech Arena (TTA) with international match-making and funding as well as network resources provided.

【Entrepreneurial Resources from The Government and Private Sectors】

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(Jiang Yijun , PM at Subsidies and Incentives for Taipei Industry Project)

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(Chen Yiwen, Assistant Manager at Taiwan Startup Hub)

Taiwan Startup Hub also made an introduction about their services with an eye to assisting entrepreneurs to utilize startup resources in an efficient manner. Sticking to the notion of “a hub,” they have been compiling resources from the central and local governments as well as private accelerators. Aside from that, with the use of virtual integration, “ International Entrepreneur Initiative Taiwan” was established so as to play as a liaison between entrepreneurs and both government and private sectors. In this manner, the construction of a holistic startup ecosystem can be facilitated.

【Advice for Expanding Your Businesses to ASEAN Countries】

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(Uniform Lin, COO at STARTBOARD)

Lin Zhifu, the COO at STARTBOARD, shared the practical experience of the ASEAN market especially for those ambitious souls who aspire to set foot in the ASEAN market. His advice are as follows — First thing first, the Southeast Asian market should be considered separately. Many of us may deem ASEAN as a whole market while the culture, environment, religion, and market are diverse to do so. Secondly, without wholehearted preparation, you wouldn’t want to bounge into a new market. Given that the equity agreements often require partners of local nationality to hold up to 49 to 51% of the shares, each enterprise shall think twice. The point is to find a local partner, especially a trustworthy one to cooperate. Last but not least, we need to verify information ruthlessly. Due to its environment and languages, startup information in those countries is not as transparent as Tawian’s. Before any cooperation plan comes into play, due diligence is strongly recommended to manage potential risks.

Ever since its establishment, STARTBOARD has kept in contact with international talents from ASEAN countries, so as to accumulate the human resources from international talents. In this way, when global talents join in a Taiwan company or startup, they showcase the bonus to connect with ASEAN market and partners and also provide accurate information as well as experiences to live up to the demand of “southbound.”

【New Southbound Policy – Plan ahead and don’t make it complicated】

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(Xu Bozhen, CEO at Rooit)

Rooit is committed to developing mobile applications and dating systems and was selected to play a part in TechStars. Their mission is to find everyone a partner who can confide to. Owing to this totally different core value, Rooit provides anonymous chatroom and interactive game for users to cultivate tacit understanding and communication. Mr. Xu also shared his insights into the Singaporean market based on their experiences. The following are some focal points that determine whether your expanding would go smoothly into ASEAN market.

To begin with, the pivot is market research and estimation. The strategies should either depend on population, geographical location or on the questionnaire. Secondly, when the targeted market has limited resources, then we shall narrow down the range.

Lastly, Mr. Xu mentioned the significance of “speed.” More often then not, startups struggle to maintain daily operation so adaptability to the latest trends and the development with efficiency count. Members of a startup need to adapt their attitudes so as to get along well with different markets and politics as well as culture.

【Resources for Cross-border E-commerce】

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(Tsai Songda, Deputy Secretary General at Importers and Exporters Association of Taipei)

Tsai Songda, Deputy Secretary General at Importers and Exporters Association of Taipei, led the key point to the cross-border e-commerce industry. He mentioned that many entrepreneurs started to do e-commerce things more than a decade ago, setting up company websites, and activating shopping carts and so on. Nonetheless, “e-commerce is not just about putting goods on the website. Search engine optimization, diversion, and freight services are all full of learning points.” Importers and Exporters Association of Taipei is in charge of assisting entrepreneurs to commercialize the e-commerce process and expand business overseas. Currently, the guild is promoting the 17cross e-commerce and TCEI Taiwan incubation so as to provide information and communication platform for entrepreneurs in Taipei.

【International Capital Match】

Taiwan Tech Arena (TTA) and Taiwan Innovation and Entrepreneur Center (TIEC) shared several resources with entrepreneurs, including investment, mentor, accelerator, and technology, etc and they also nurture startup teams to go on to the stage of the U.S. Capital will be introduced through the International Capital Matching Association. It is expected to open in mid-September and till the end of October. They will also conduct training on presentation and business plan drafting with a capital match launched in the middle of November, where 20 investors from ten different fields will provide opportunities for entrepreneurs to enter into the international arena.

The event had come to a perfect ending. Aside from providing subsidies, Subsidies, and Incentives for Taipei Industry Project also offers entrepreneurs a chance to exchange insights, accelerating the development of the startup ecosystem. Startup@Taipei also invited enterprise that gained the funding to participate in the event – hopefully via the event, urgent needs for localizing in overseas markets can be met.

 

 

 

Unleash the power of innovation in Taiwan – International Startup Meetups

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】

2Betty 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】

3.JPGBrandon 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】

4.JPGMr. 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】

5Uniform 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.”

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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.

 

Singapore Theme Night: The secret’s out! tips from successful entrepreneurs in Singapore

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.

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Anyone Can Be a Successful Entrepreneur in Singapore

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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

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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

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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

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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

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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.

(written by Shawn Hsu)