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.
Kaohsiung has been keen on developments in artificial intelligence (AI), IoT and 5G, and economics minister Mei-Hua Wang has promised to provide assistance for them to obtain resources from investors worldwide and establish experiment fields locally to help them try out their solutions.
In the long run, the MOEA is looking to turn Kaohsiung into a demonstration site for services such as smart retailing, smart manufacturing, smart medical care and AR/VR, Wang said.
So far, Kaohsiung has a total of 15 startup incubators, five innovation parks and 10 co-working spaces established specifically for startups. One of the parks has already recruited 30 startups that are devoted to the development of AI, IoT, blockchain and FinTech.
In the next two years, the ministry will host more matchmaking activities for startups in Kaohsiung, and from 2023-2027, it will focus more on helping the startups find international investments, Wang added.