In view of the fact that academic research has always been a key force driving national economic development, the Ministry of Science and Technology (MOST) commissioned the Center of Industry Accelerator and Patent Strategy (IAPS), National Chiao Tung University to carry out the Integrated Cross-campus Accelerator Network (iCAN) program in 2016 and further established the Taiwan Tech Arena (TTA) in 2018 for the purpose of commercializing research results and promoting academia-industry collaborations. To demonstrate the strength of the startup teams that MOST has fostered, 2020 iCAN X TTA Batch#2 Demo Day was held on December 1, 2020 at TTA and was attended by venture capital fund managers and corporate executives as well as iCAN startup teams.
Following the announcement of an investment of NT$4.5 billion in Taiwan Tech Arena (TTA) in northern Taiwan for promoting entrepreneurship and innovation, Taiwan's Ministry of Economic Affairs (MOEA) is also set to give a boost to emerging industries in Kaohsiung, southern Taiwan.
Taiwan startups are demonstrating at CES 2020 a variety of smart tech solutions incorporating fingerprint recognition, blockchain and data visualization technologies to enhance online retailing security, protect personal medical records and facilitate smart mobility services.
Taiwan startups are showcasing a variety of cross-domain smart tech solutions integrating 5G telecom infrastructure, diverse sensor-based IoT equipment, blockchain and AR/VR/MR applications at CES 2020, providing new opportunities for digital transformations at various industries.
Many startups from Taiwan are showcasing innovative smart healthcare solutions at CES 2020 incorporating edge computing, AI and non-invasive medical technologies to materialize preventive medicine and holistic healthcare services.
To bring the conveniences made possible by today's network communication technologies to the elderly population, Taiwan-based startup team BeVi has developed CarePLUS, a smart home living solution combining 360-degree AI-based environment recognition technologies and an integrated service platform.
With the launch of the world's first smart home soap maker Soapmaker 1.0, Taiwan-based Lessdo raised over NT$1 million (US$33,275) on the first day its crowdfunding campaign went online in May 2019 and later accumulated more than NT$3 million during the funding period.