TaipeiEcon
Inventory of all articles of TaipeiEcon
Inventory of all articles of TaipeiEcon
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By Huang Nuan-yun/TIER
Currently, Taipei City Government has come up with a plan to have 22 locations built as the startup base. The total area covers 630,000 square meters. Among them, 8 out of 22 of these bases were officially launched already. In the future, the government will keep working on integrating the resources from each bureau or division to industrial resources. It provides all the required funds, incentives and subsidies, talent cultivation, spaces, showcase area for exchange, investment matchmaking, instructor’s escort, and other all-in-one consulting service that an entrepreneur may need during each stage of his or her career life. It allows plenty of creative ideas to be realizable through introducing diversified industrial clusters to attract more domestic and foreign entrepreneurs to move into Taipei City and make their dreams come true. Hopefully, it can create an image for the Taipei City to become the top choice of global startups one day.
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By Lin Tong-An/TIER
Taipei City Government is dedicated to applications and transformation of new technology, and actively fosters the development of innovative startups. Department of Economic Development, Taipei City Government works closely with Business Next and other units to host the 4th Future Commerce, which took place in the Taipei Expo Park-Expo Dome from April 26 to April 28, 2018. It’s possible to foresee the new look of future businesses through the four theme sectors and top 10 blocks. To help startup companies engage in R&D in emerging technology, the Department of Economic Development, Taipei City Government has launched the “StartUP@Taipei Office” and “Investment Taipei Office” to offers one-stop startup and investment consultancy and consulting, and provides real incentives through Project of Subsidies & Incentives for Taipei Industry. Starting from March, 2011 up to May, 2018, enterprises were driven to invest more than 20.9 billion in innovations, and offer 8,934 jobs. In addition, Taipei City has been proactive in the startup trend. More than 1,500 foreign startup companies moved to Taipei City during 2015-2017 each year, about 2,000 domestic startup companies have joined the activities here.
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By Huang Nuan-yun/TIER
According to the statistics collected by Garmin, Taipei had invested about 1.11 trillion NTD in the scale of the sports industry in 2015. Among all sports, business opportunities for the road running have already created an amount that exceeds 16 billion NTD each year. Recently, the road-running event engages more people to join in, and there is a diversity of road running events featuring all kinds of topics. If further estimates are applied to evaluate the economic output value for the tournament event, there will be a great demand for potential opportunities generated by the participation fees, traffic and accommodations and peripheral equipment and products. Indirectly, it motivates the people who are willing to engage in the sports and recreation industry to invest in its related industry. The current session has introduced two cases with the brand subsidy known as the “Project of Subsidies and Incentives for Industrial Development in Taipei City,” respectively. They are the “SURPERACE athlete from the deserts” built by the expert in desert races Kevin Lin, and the “RunBase” with subsidy for start-ups, which are the best supply stations for runners to get energized.
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By Hsu,Chu-hsien/TXA Private Board Of Directors
While many are interested in starting their own business around the world, Taiwan is also proactively creating a friendly environment for business starters. The central government and respective local governments are introducing various incentives for people starting their own business. Private incubation centers, venture accelerators, shared workspaces, and maker spaces are mushrooming, too. For a new company, however, how to make their innovative brand known by others is important and is something they must accomplish. The author suggests that they may take advantage of the international market, a venture agent, various venture competitions and events and the Go Incubation Board for Startup and Acceleration Firms as four major ways to create a higher-level brand. New companies in Taiwan are able to light up their own brand utilizing various strategies. Therefore, they glow in Taiwan and are in the spotlight on the international stage. What is more important is that they can transform their brand image into value on the capital market in order to gain sufficient fuels that keep the fire of innovation going!
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By Lo,Chih-Shan/Institute for Information Industry
Faced with the impact brought about by emerging financial technology, powerfully unconventional and innovative characteristics are embedded in the development of the operational model, products, process flow, and application system for the financial service sector. This also further intensifies the collaboration between traditional financial institutions and financial technology providers. The core values of and opportunities brought about by the financial technology lie mainly in effectively reduced cost and efficient quality service, which are conducive to enhanced operational capability of financial institutions while the cost structure is significantly downsized. Taipei, being the political and economic center in Taiwan and a city that lies at the core of the Asia Pacific Region, owns abundant quality technology talent and innovative R&D momentum. While the world is proactively deploying and promoting an innovative approach to business, the innovative sector featuring FinTech mainly targets software systems and innovative service. The latter will be advantageous niche for Taipei while it tries to reach out to the Asia Pacific market.
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By LO,CHIH-SHAN/Institute for Information Industry
Nearly all industrial developments rely on the Internet nowadays. By utilizing big data analysis technology, one can more quickly produce diversified data in real time. In other words, for core managers in an enterprise or venture team, they need data-driven strategic thinking. While entrepreneurs are thinking about where to start their business, if they can consider first the deployment of data assets of the business and then what kind of commercial pattern and market value the data can be transformed into and what kind of innovative service to be designed, the data-driven business will be sustainable.
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By Cheng,Kuang-ting/flyingV
The creative solution that arose from crowd-funding utilization, brought forth a new trend for startups. Not only does it provide a combination of the two platforms of “creative, idealistic, but lacking capital” with “have capital, and willing to donate and support quality creativity”. Now the threshold of entrepreneurship has been lowered, plus capital now may be sourced from crowd funding, along with maintaining creativity and operation independence on the proposer’s side. In order to increase the success rate of the entrepreneurship, flyingV has proposed providing consulting material, that has to include the four elements of: “anticipation”, “trust”, “uniqueness”, “value”, as well as analyzing the operation of its products and proposition before and after the project’s availability. Generally speaking, “Music Videos”, “Technical Applications”, and “Product Design” are the three projects with the highest amount of one-time donations. The proposers of these projects, have learned that there are many highly-anticipated business opportunities in our society, yet no one is going for them. We recommend that the government should provide a transparent and clear information platform, so that the pre-existing civil resources may be utilized appropriately, thus further provide entrepreneurs a more fostering environment. By slowly concentrating skilled professionals, capital, and industries, we may truly build a fertile ground for entrepreneurship.
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By Lin,Tuan-jung/Changee
In order to market and make “Taipei Entrepreneurship” a brand, it requires a dazzling brand image, as well as a 30-second definition representing its spirit, which is the business mission. Based on this, this article will pin-point the competition and its own position using the three indicators of performance superiority, operational excellence, and customer intimacy, by which we can find out how to develop a city that welcomes entrepreneurship. First and foremost, we must analyze the environment for startups within all aspects of performance superiority, including policies, settings, social platforms, information exchanges, capital, etc. Next, by systemizing all startup-related data into one unified platform, we can add efficiency to information organization and managerial method, which would then shorten all processes and time. Lastly, we provide a targeted and customized one-website access point service for all inquires.
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By Su,Shih-chung/Taiwan Venture Capital Association
Reflection and awareness among the senior marks the beginning of creativity, innovation, and venture among the young. The underlying purpose of promoting the entrepreneurship policy must be equivalent to that of venture and innovation; it is to improve the environment for people to start their own business. The mechanism to expedite promotion of the entrepreneurship policy can be explored from the following three elements: 1. an open attitude to include diversified creativity; 2. revision of laws, regulations, and systems; and 3. bravery and absence of fear about ventures. Only when the overall environment for young people to start their own business in Taiwan is improved can they have the courage to make the move. With innovation and creativity, the dream of owning a business will come true through Angel Investment.
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By Liu,Wei-ting/TIER
The Taipei City Government connects the idea of “design” with technology industry domain and establishes the “Taipei Co-Space” inside the public service building of the Neihu Science Park to provide a co-working space for micro-enterprise’s entrepreneurs or freelance workers. People who work in-house may discuss, do brainstorming and collaborate by exchanging ideas together via this built platform. They can create innovative commercial thoughts or boosts new business models to create endless business opportunities.
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By Huang Nuan-yun/TIER
For a startup team, it definitely helps boost operating capital, connections and required technology in the industry and the market share by being able to establish presence in an internationally famous accelerator or to taking part in international entrepreneurship competition where they can exchange experiences and share stories with other elites from around the world. The Taipei City Government’s Department of Economic Development has launched” Taipei City Government Start-up Programs for Subsidy entrepreneurial team abroad” to encourage startup teams to broaden their international horizon, strengthen their connections with the world in terms of funding, talent, and technology.Venture teams with potential that are registered in Taipei are sponsored while they try to establish presence in international accelerators, take part in international venture events, or incubation center development plans.
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By Liu,Wei-ting/TIER
The Taipei City startup platform “StartUP@Taipei” was officially launched on March 2015. This well-integrated platform not only compiles entrepreneurial data from all fronts, but also gathers all 48 centralized startup-related resources, providing entrepreneurs a one-stop consulting service. Aside from this, it has established the “Taipei Angel’s Club”, a startup-planning instructor guidance team, mix-generational startup brainstorming meetings, 2015 Star of Tomorrow’s startup competition. It will encourage more positive energy for creativity and entrepreneurial spirit through the efforts of the Taipei City Government.