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resources; cultivate Taiwan's national image – Startup Island Taiwan – to appeal to innovators and work
together with NEXT BIG startups to address the international community; and establish an information
platform for startups to offer insights into Taiwan's startup ecosystem.
¾ Maximize Collective System Output

Support domestic IoT operators and other startups to better network with international enterprises;
strengthen networking and exchange between Taiwan's Asia Silicon Valley clusters and the international
community; cooperate with international companies and industry investments; establish Taiwan smart
parks to support export of AIoT solutions into international and New Southbound markets.

Investment Opportunities
¾ Collaboration with Taiwanese firms in developing IoT applications

• Because of Taiwan's heft in hardware Foreign enterprises that come to Taiwan to set up
manufacturing for the ICT industry, foreign IoT innovation and R&D centers will benefit from Taiwan's
players can partner with domestic entrepreneurs advantages, allowing them to further raise the
to complement their technologies or innovate innovative potential of IoT and form an important hub
their business models. This shifts the focus connecting Asia-Pacific markets.
onto technological development and planning • Microsoft established their IoT Innovation Center
of creative operations models, so that they can in Taiwan in October 2016; their first AI R&D
integrate software and hardware to build out Center in Asia in January 2018 with plans to invest
IoT value chains together. They are also able NT$1.0 billion into developing AI technologies and
to develop smart application services and work applications; the Microsoft Startup Accelerator in
together to enter international markets.
November 2018 to provide advisory and training
• Micron, a global memory manufacturer, is currently services to Taiwan's startups; the Microsoft IoT Center
cooperating with Taiwan's Advantech and other of Excellence in August 2020; and the first cloud data
businesses to develop IoT solutions for smart center region in Taiwan in October 2020, focusing on
manufacturing, smart healthcare, and traffic control demand for AI, IoT and edge solutions with the aim
systems to jointly expand the global AIoT market. of boosting Taiwan's R&D capabilities and assisting
Taiwan's companies in utilizing Microsoft's Power
• Mitsubishi Heavy Industries and Orange, a
French telecom company, have both chosen to Platform to accelerate innovations. Most recently in
partner with Taiwan's Glory Technology Service May 2023, Microsoft jointly established a 5G forward-
to promote smart transportation solutions in the looking team with Taiwanese companies to integrate
New Southbound countries of Thailand and the local industrial technology forces, build a complete
Philippines, e.g., on the Red Line of the Bangkok 5G ecosystem, and continue to drive the industrial
Mass Transit System and the Manila Light Rail digital transformation.
Transit System. • Google launched its Smart Taiwan initiative in March
2018 and has since cultivated 100,000 AI and digital
• The domestic IoT industry, trade associations
and the startup community have jointly formed marketing talents. In October 2019, the company
the Asian Silicon Valley Major League IoT. increased its capital investment in Taiwan by
Cisco, Microsoft, Nvidia, Dell, Samsung, NT$26 billion to expand the scope of its data center
STMicroelectronics and other international operations locally. In September 2020, the company
businesses have already joined the alliance. launched its 2020 Smart Taiwan initiative to provide
Other foreign businesses are welcome to join digital marketing tools and expand the training of
the league and participate in exchanges and digital talent. In January 2021, the company set up
collaborate with domestic manufacturers to create a hardware R&D base in Banqiao, which is currently
new collaboration models. its largest R&D base in the Asia-Pacific region. In Q2
2024, Google also opened its second R&D building,
¾ International Manufacturers, Research bringing together hardware talent from other Google
Institutions, and Investor-related operating locations.
Institutions are Welcomed to Conduct
R&D in Taiwan • Amazon Web Services established joint innovation
• Taiwan has excellent manufacturing capabilities, centers in the Linkou Startup Terrace and then Yawan
Startup Terrace in 2019 and 2022, respectively. The
outstanding technological talent, and abundant company also organized the first ever startup and VC
potential in innovation and entrepreneurship.
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