Since the outbreak of COVID-19 at the end of 2019, the global economy and people's lives have been greatly affected. Going to banks, hospitals, shopping at supermarkets, religious activities, and other daily activities, for example, all came under restrictions. In addition, onsite exhibitions that used to have large crowds have now almost all turned to the online format, including major international exhibitions such as CES and COMPUTEX. Although there are many online exhibition solutions on the market, they all focus on product exhibits and lack a platform for follow-up business opportunities and communication, relying only on traditional email, text customer service, telephone customer service, and video conferencing. These traditional communication modes lack scheduling design and are unable to provide appointment communication services and interactive functions, which in turn weakens the effectiveness of the online exhibition.
The first panel talk at Asia Venturing online forum, held on July 16, 2021 by DIGITIMES and Anchor Taiwan, featured the vice pesident and general manager of Business Solutions Group at Qisda Corporation Michael Lee; partner of Japan's MS&AD Ventures Tiffine Wang; and Kickstart Ventures president Minette Navarrette and Kickstart Ventures VP for investments Joan Yao. They spoke about investing in foreign startups, discovering opportunities for the parent company and pumping momentum for young companies to grow and innovate.
As the COVID-19 pandemic continues to ravage countries across the globe, screening has become a necessary weapon for fighting the epidemic. Currently utilized testing methods, however, require professional processing, and results are not available until at least four hours later. In response to this pain point, BluSense Diagnostics has developed BluBox, a portable medical testing platform that eliminates the need for sample pre-processing and shortens testing time to just six minutes.
Taiwan's Ministry of Transportation and Communications (MOTC) plans to invest NT$80.7 billion (US$2.9 billion) into digital transformation of airports and seaports, using AI, IoT, big data and other innovative technologies over the next five years.
Although digital signature of remote documents is no longer a problem, how to distinguish the authenticity of signature documents and how to verify that the signature is made by the countersigner in person is a pain point. Hungarian start-up Birosign, which was selected by the Epoch Foundation Garage+ Accelerator in early June as one of the 46 must-see start-ups at Computex 2021's virtual exhibition, provides a solution to this problem by using sensor technology and machine learning.
The Philippines' Globe Telecom created revenue growth of more than 60% of revenue in seven years, with its almost 9% in average annual growth higher than the average of 6.53% for 16 telecom firms that NYU Stern School of Business tracks around the world. Through its 100%-owned subsidiary Kickstart Ventures, Globe Telecom has successfully built a digital ecosystem that offers a variety of value-added services to generate substantial revenue.
Cheng Wu, a general patner at Taiwania Capital Management, has founded several high profile companies with total market value of NT$180 billion (US$64 billion). Wu has been embracing a different approach to investing in startups.
Mike Noonen has witnessed the vicissitudes of the semiconductor industry over the past 20 years. With a vision to lower the threshold of innovation for semiconductor startups, he co-founded the world's first semiconductor startup accelerator, Silicon Catalyst. Now he serves as CEO of MixComm, a startup that manufactures beamforming ICs used in mmWave components and 5G infrastructure.
Remote work and online activities have become the new normal since the pandemic started. Startng in July, Taiwan's Institute for Information Industry (III)'s TCloud offers 250 digital tools for local micro-, small- and medium-sized businesses to accelerate digital transfomation and to improve competitiveness.
Electric vehicles (EV) have been regarded as the mainstream of next-gen automobiles. According to the statistics by DIGITIMES Research, with a global annual growth rate of 19% in 2020, electric vehicles will hit the tens-of-millions scale by 2025. Global environmental awareness and new emerging technologies are the two driving forces behind this rapid growth. When it comes to technology, electric vehicles' power management has been a major industry focus in recent years. Therefore, FTEX's GaNFET powertrain solution, which extends driving range by 30%, has become the center of attention.
Following the birth of Thailand's first unicorn Flash Group, Ruangroj Poonpol, founder of Thailand-based 500 TukTuks venture capital and chairman of Kasikorn Business-Technology Group, believes more unicorns will appear in the country in the next 2-3 years, according to a report by Bangkok Post.
Selected as one of the 46 must-see startups by the Garage+ program of Epoch Foundation at the Computex Taipei 2021 Virtual Exhibition, Netherlands-based InPhocal develops laser technology, which it demonstrated during the event.