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Taiwan has some of the fastest internet connections globally, has well-established IP protection, and has cultural parallels to China, making it an excellent place to test innovative ideas before expanding into larger markets.
Fremont, CA: While Silicon Valley may get all of the attention, many other technological hubs, particularly in the Asian Pacific region, are making considerable progress in developing their startup ecosystems. A boom in venture capital, government assistance, and reforms are assisting in the region's revitalization and raising the prominence of the next generation of entrepreneurs on the world stage.As investors continue to bet big on the region's potential, Taiwan, in particular, is riding this wave.
Taiwan's economy has been driven by technology since the 1980s, and the island has become one of the world's top manufacturing hubs. The island's geographic location aided in forming alliances between developed Western economies and rising Asian markets.Taiwanese firms are highly well-known for being early adopters of cutting-edge technologies and solutions.
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Taiwan is a desirable market for evaluating consumer integration of new services.Taiwan has some of the fastest internet connections globally, has well-established IP protection, and has cultural parallels to China, making it an excellent place to test innovative ideas before expanding into larger markets.
Taiwan has a well-educated and technologically literate workforce. Around 10,000 computer scientists and information systems management students graduate from Taiwanese universities each year, making it exceptionally easy to discover and recruit high-quality engineering personnel.
The Taiwanese government is implementing several efforts to promote and encourage entrepreneurship and new technology firms. In 2017, the government set aside 3.3 billion dollars for a new startup fund, including tax breaks, land set aside for technological enterprises, and new legislation to attract foreign talent to Taiwan.
The government also wants Taiwan to become a hub for AI and IoT development, and open data is one technique employed to attain this goal. Anyone can access government data from 27,000 categories, ranging from property registration to air quality data, through the Government Information Open Platform.
Access to this data allows Taiwanese AI and IoT businesses to develop new applications faster and more accurately.
Aside from government-sponsored initiatives, there is a slew of additional programs on the ground that assist foreign technology companies in learning more about Taiwan and establishing local ties.Access to this data allows Taiwanese AI and IoT businesses to develop new applications faster and more accurately.
Aside from government-sponsored initiatives, there is a slew of additional programs on the ground that assist foreign technology companies in learning more about Taiwan and establishing local ties.
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