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Startups’ Tech Innovations Flourish in Taiwan

As the pandemic continues to spread globally, the impact has shifted the market and created new opportunities for startup innovation through digital transformation. Taiwan Tech Arena (TTA) aims to help Taiwan startups overcome the obstacles caused by the pandemic by actively leading startups to seize international business opportunity through digital connections.

Taiwan Tech Arena, an initiative by the Ministry of Science and Technology, was launched as part of government efforts to strengthen the country’s innovative startup ecosystem. Due to reduced operations or shut down in the global market due to the COVID-19 pandemic, TTA actively utilises digital connections to continually seize post-pandemic business opportunity for Taiwan startups. Although the pandemic has stalled face-to-face business meetings, it is also a turning point for developing digital service and technology.

TTA grasps this opportunity to embrace a new startup assistance model. Not only have online mentor office hours to ensure continuing support for the teams.  It has also compiled comprehensive relief resources for startups to respond to the pandemic.

Taiwan’s Ministry of Science and Technology (MoST) which supported TTA stated that Taiwan startups have gained worldwide recognition as five Taiwan startups have brought home four winning awards. Through a virtual networking platform, TTA also provides a gateway for global enterprises and investors to engage with Taiwan’s technology resources.

A winning team from a content creation startup developed and brought together Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) technologies to provide multiple one-stop solutions with end-to-end service to clients in various industries such as real estate and luxury brand etc.

Another winning team from AI and cloud startup provided an immersive experience to users by transforming any space into a group fitness class. The startup used AI motion-sensing technology combined with 5G computing technology. A tech startup provided solutions for 5G base station optimisation technology that has been highly recognized by the communications industry.

The first female winning team startup dedicated its efforts to empower the media and advertising industry to turn their stories into quality videos at scale. Users can generate videos from news content, social posts, live sports events, and statistical data in minutes. The last winning team focuses on smartwatches and health digital platforms for children, allowing parents to use an app to track children’s activities and health.

TTA’s mission is to support startups through international accelerators for fundraising and connecting startups with international networking platform to assist startups in adapting to the changes in the global markets during the post-pandemic era. Through the integration of online and offline marketing strategy, TTA facilitates more than 400 startups to move forward towards viable and more in-depth collaborations with multinationals and overseas investors. Aside from connecting Taiwan startups with the global ecosystem, TTA actively promotes Taiwan’s startup brand through the digitalisation strategy.

As reported by OpenGov Asia, Taiwan has been promoting innovative technology with market potential and facilitated commercialisation and market globalisation for startups. While the pandemic continues to have a huge impact on industries across Taiwan, it has created a range of opportunities for start-ups to control and mitigate the effects as well as help the economy and nation rebound.

With the rise of the residential leasing market in Asia, one of the gold-winning start-ups offers SaaS applications for residential property management with its proprietary cloud-based software solution. The platform automatically integrates information such as lease agreements, tenant information, lease terms, rents, repairs and smart home device management to effectively streamline and increase the efficiency of the property management business.

Similarly, a cybersecurity start-up, foreseeing the global demand of 5G and IoT, has developed a disruptive innovation for data security management. Unlike a traditional firewall, the solution focuses on its customers’ most important confidential files. After fragmenting the files, the fragments are each encrypted with blockchain technology. Not only does this effectively prevent theft and blackmail but also reduce the risk of file tampering.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.