Asia Silicon Valley Project: Innovation and Entrepreneurship at Taiwan

In today’s knowledge-based economy, scientific and technological innovation has become a key driver of economic growth and national progress. For this reason, Taiwan’s Ministry of Science and Technology (MOST) is trying hard to facilitate stronger links between academic research and industrial development.

AmCham Taipei’s Technology Committee held a luncheon at the W Hotel Taipei on August 18, inviting Minister of Science and Technology Chen Liang-Gee to introduce the Asia Silicon Valley Project and discuss how MOST is fostering an innovative and entrepreneurial spirit to encourage creativity in science and technology.

Chen explained that to connect Taiwan to global tech clusters and create new industries for the next generation, MOST will be implementing the following programs:

  • Establish a comprehensive Internet of Things (IoT) value chain by collaborating with key players in the ecosystem – including chip and device makers, and software and network service providers – to integrate hardware advantages into smart applications.
  • Foster Taiwan’s startup and entrepreneurship ecosystem by working with universities and helping top local talent establish professional networks with Silicon Valley to boost Taiwan’s academic and industrial competitiveness at the international level.
  • Develop an innovation and entrepreneurship ecosystem by linking select Taiwan startups with Silicon Valley to offer training and resources, as well encourage mutual long-term partnership.

From left to right: AmCham’s Technology Committee Co-Chair, Revital Shpangental Golan, CEO, Anemone Ventures; Chen Liang-Gee, Minister of Science and Technology of Taiwan; Andrea Wu, AmCham Taipei President; and AmCham’s Technology Committee Co-Chair, Connie Wang, Director, Corning Advanced Technology Center, Corning Display Technologies Taiwan.

In the near future, the Ministry will set up an artificial intelligence and robotics production base as part of wider government efforts to foster the AI industry and bolster Taiwan’s competitiveness in smart manufacturing. The Ministry will also aim to develop IoT technologies while building a complete innovation and entrepreneurial ecosystem under the Asia Silicon Valley Development Plan. The plan will also focus on IoT security, augmented and virtual reality, artificial intelligence applications, self-driving vehicles, and mobile lifestyles. These efforts will be combined with the New Southbound Policy to take advantage of new economic trends and opportunities.

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