Taipei City Grows Economy with Manufacturing, Robotics, and AI Startups
Taiwan
Taipei City
Activation Phase
Since 2010, the Taipei City ecosystem has learned step by step to concentrate efforts and talent by focusing on clusters, specifically in pharmaceuticals, life sciences, and precision robotics.
Sub-sector Strengths
AI, Big Data & Analytics
iKala, an AI-driven marketing technology startup, raised $5 million in a Series A round in 2018, followed by a $10 million Series A+ round in 2019. The company is also a leading Google Cloud partner in East Asia. Microsoft is spending over $30 million to build an AI research and development hub, which will eventually house nearly 200 researchers.
Advanced Manufacturing & Robotics
Taiwan makes 75% of personal computers, 50% of LCD screens, 25% of semiconductors, and 20% of smartphones globally. The island is home to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker. Computer and hardware developers Acer and ASUS, electronics manufacturer Foxconn, and mobile phone giant HTC are all headquartered in the Taipei City ecosystem. Success stories include Robotelf Technologies, which won the CES 2018 Innovation Award for its home-use robot Robelf.
Why you should invest in Taipei City
SOFTWARE STARTUP OUTPUT
550-750
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$2.4 bn
GLOBAL AVG.
$5 bn
Top 25 Global Ecosystem
Adv. Manufacturing & Robotics
Top 30 Global Ecosystem
Artificial Intelligence
5
Exit Growth
INDEX
INDEX
10
Output Growth
INDEX
INDEX
8
Funding Growth
INDEX
INDEX
Reasons to move your startup to Taipei City
Local venture capital investors
Taiwan has about 200 venture capital funds in the Taiwan Venture Capital Association. Taiwan’s National Development Council has invested $83 million in four different venture capital firms to foster local startup growth.
Employment Gold Card
Since 2018, Taiwan has issued 65 Employment Gold Cards, which combine an Alien Resident Certificate, resident visa, work permit, and re-entry permit.
Startup Community
Startup Genome
Partners & Members
AppWorks
BE Accelerator
BE Capital
Business Incubator Center, NTUST
CDIB Accelerator
Center for Innovation Taipei
Center of Industry Accelerator and Patent Development Strategy (IAPS)
Center of Innovative Incubator, NTHU
Chung-Yuan Incubation Center (CYIC)
Digi Space
FutureWard
Garage+
InnoSquare
ITRI Open Lab & Incubator
KAFNU Taipei
NCU Innovation & Incubation Center
NTU Innovation Incubation Center
NTUT Innovation & Incubation Center
SOSV-MOX
SparkLabs Taipei
Star Rocket
Startup Lab at NCTU
Taidah Entrepreneurship Center (TEC)
Taiwan Startup Stadium
Yang-Ming Incubation Center (YMIC)
Featured Articles from
Local Ambassadors
IC Jan
Dr. I-Chien (IC) Jan joined NBRP at the end of 2017 as Assistant Chief Executive of BioHub to strengthen the biomedical startup ecosystem in Taiwan. He has also served as Distinguished Research Fellow at BTDRL of ITRI since 2017 and given lectures on Innovation, Startup and Entrepreneurship in NTU since 2016.
Would you like to be an ambassador in Taipei City?
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Get connected
Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.