February 21, 2024

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Taiwan Launches Accelerator Programme for Startups

Taiwan Tech Arena (TTA) under the Ministry of Science and Technology of Taiwan has partnered with a global venture capital firm to launch the TTA Accelerator Programme. This initiative aims to accelerate the development of local and international startups in Taiwan, leading to the international growth of the startup ecosystem in the region.

The inaugural Programme is part of TTA’s larger objective to further scale up Taiwan’s startup ecosystem, which has been ranked 7th in the Asia-Pacific region and 30th globally in terms of ecosystem strength. The Programme is also designed to improve outcomes for Taiwan-based startups through capital commitment.

As a new era prioritises greater innovation, inclusiveness and sustainability for all people and businesses, Taiwan must now harness the transformative power of technological innovation. As with Taiwan’s prior technological achievements, this can only be done by improving the synergy between local and international ecosystem stakeholders.

TTA is poised to onboard the right talents into Taiwan’s startup hub and raise the ability of Taiwan-based innovations to make a real difference on the global stage. An accelerator programme is specifically designed to help local startups think and go global. This project also brings some of the world’s most innovative startups here to foster collaborative innovations that can create global impact.

Under the Programme, there will be a series of workshops aimed at introducing startups’ global growth curriculum to local and international startups and will be selecting 20 growth-stage startups to participate in an 8-week long accelerator program focusing on growth and globalisation. Participating startups will enjoy ongoing access to a global network of mentors, founders, and industry stakeholders. Adding to the globalisation aspect of this program is the market access component, they will also select international startups that are interested in expanding in Taiwan to participate in this programme.

According to a page, the three criteria for the accelerator include startups that are tech-focused or tech-enabled, startups that are at the pre-seed or seed stages with a functional prototype with early traction, and startups that have the potential to address global markets.

These are three phases of the programme:

  • Phase 1: Foundations of Growth

Foundational programming to cover identifying product-market fit, growth marketing fundamentals, developing ideal customer profiles, and creating an effective one-liner.

  • Phase 2: Acceleration

Deep-dive into growth experiments, customer interviews, and weekly 1:1 meetings with mentors from 500 Startups’ extensive network across industries.

  • Phase 3: Presentation Preparation

Startups will be equipped with capital attraction best practices and will learn to develop an effective presentation to partners and industry stakeholders in the region at Startup Showcase.

As reported by OpenGov Asia, TTA) aims to help Taiwan startups overcome the obstacles caused by the pandemic by actively leading startups to seize international business opportunities through digital connections. 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 opportunities 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 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.

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.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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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.

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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.

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