Increasing financial assistance to accelerate startup growth
Gradually increasing Business Angel Investment Program up to NT$ 10 billion and providing NT$60 billion youth entrepreneur loans.
Encouraging corporate to invest in startups to drive external innovation, which not only helps startup grow but also boosts innovative power for corporates.
Actively cooperating with global top venture capitalists and introducing capitals to prefect investment environment in Taiwan.
Connecting overseas talents to Taiwanese industries
Amending "Foreign Talent Professional Extension and Recruitment Law" to continuously optimizing talents and regulatory environment, and further, to attract international innovative talents to Taiwan, and actively facilitating industrial exchanges to raise international visibility and innovation capacity of industries.
Continuously strengthening the functions of Regulatory Flexibility Platform to help startups clarify legal grey areas.
Actively implementing regulatory sandbox system of Fintech and Autonomous Vehicles and promoting financial institutions to innovate or cooperate fintech to encourage development of innovative applications.
Promoting diversified startup exits to drive a positive cycle
Strengthening communication with companies to capture market demand, actively introducing startups to facilitate possible cooperation by hosting matchmaking event (e.g., Demo Pitch) to create a platform for cooperation.
Enhancing public awareness on issues of corporate mergers and acquisitions (M&A), startup investments through forums, advertising etc.
Accelerating the amendment of “Business Mergers and Acquisitions Act”, including annual amortization of intangible assets generated by enterprises due to M&A, relaxation of the threshold of asymmetric M&A, and expanding the incentives of M&A to promote external innovation of enterprises through M&A.
Establishing Pioneer Stock Boards (PSB) to encourage new forms and development companies to list, to accelerate successful startup exits.
Shaping the country's newly created brands and strengthening business opportunities
Assist startups to strive for overseas business：
Establishing a liaison office to integrate overseas resources, assist startups in expanding key targeted markets (e.g., Silicon Valley, Japan) and strengthening its functions on consulting and business expansion.
Promoting national startup brand “Startup Island TAIWAN” and combining with “Next Big” project to convey Taiwan's entrepreneurial energy to the world.
Introducing overseas resources：
Introducing international accelerators to assist Taiwanese startups in linking international resources through Taiwan Tech Arena (TTA), Startup Terrace and Yawan Startup Terrace.
Expand domestic market：
Improving mechanism of Public Procurement for Startups and helping high-quality startups services/products be adopted by public sector, and through precise matchmaking, subsidy of local government and marketing of success stories to boost business cooperation and to create a win-win situation for both government and startups.
Establishing a Taiwan startup database to collect information and insight of local startup ecosystem, and to help startups enhance visibility and therefore to facilitate business cooperation.
