20151007 Speech by the premier at mosa
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MOSA是一個以「創業家」為主體的活動，提倡創投與創業家的平等關係，也是一個以臺灣為主軸但又具有「走向國際」使命的創業活動。主辦單位強調，MOSA不屬於任何一個機構或個人，而是「完全屬於臺灣新創社群共有的品牌」。
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20151007 Speech by the premier at mosa
- 1. TAIWAN: A RISING INTERNATIONAL STARTUP HUB C. K. Mao Premier Republic of China (Taiwan) October 7, 2015 0
- 2. 1 ChileSingapore Korea Finland Ireland U.K. Israel U.S. Innovation and entrepreneurship as a global trend 1 Taiwan
- 3. Taiwan’s advantages Excellent manufacturing support with great talents Flexible production in small q’ty but great q’lty Solid Internet infrastructure Strategic location 2
- 4. WHAT HAS GOV’T DONE? 1. Smart regulation 2. Startup ecosystem 3. Linkage to the globe 3
- 5. Innovation and Startups Taskforce (ISTF) • Mechanism • Establishment of the Innovation and Startups Taskforce (ISTF) under the Cabinet to push innovation and entrepreneurship policies • Goal • To provide a way forward for young people • To provide opportunities for businesses • Vision • To build the Taiwan Silicon Valley entrepreneurship model • To establish a dream-realizing base for young entrepreneurs 4
- 6. ISTF Framework 5 Global Networking Social Innovation & Young Entrepreneurship Regulatory Adjustment Ecosystem Building ISTF Linkage to the globe Build an international cluster of startups Bring in international capital, human resources, and knowhow Smart regulation Carry out regulatory adjustment plan for innovative companies, startups, and Virtual World Development Program Startup ecosystem Promote international startup cluster Incubate new startups and help them obtain capital Entrepreneurship support Encourage entrepreneurship among young people Build a virtual platform for entrepreneurship resources Entrepreneurship education One-stop window Convener: Vice premier
- 7. 1. Smart regulation ‒ align with international standards • Foster a startup-friendly environment • Add a special chapter to Company Law to provide startups with diversified fundraising channels (「公司法」新增「閉鎖型公司」專章） • Enact Limited Partnership Act to allow new business organization types (有限合夥法) • Attract foreign startup talents • Ease regulations on employing foreign professionals for innovation- driven startups （放寬引進外籍人才規定） • Launch the Taiwan Entrepreneur Visa to grant 1-year residence permits to foreign entrepreneurs (創業家簽證) • Enable startups to access funding easily • Allow private sector operators to engage in equity-based crowdfunding （股權式群眾募資） • Pass the Act Governing Electronic Payment Institutions （電子支付機構 管理條例） 6
- 8. 2. Startup ecosystem • Startup cluster building • Establish an international startup cluster (Taiwan Startup Stadium, TSS) • Global fund attraction • Allow venture capitals (VCs) and investors to share the National Development Fund’s (NDF) profits up to 80% • Total fund-raising amount reached US$450M by Sep 2015 • Startups incubation • Invite leading international startup entrepreneurs to help incubate Taiwan startups • Help organize international events in Taiwan, such as Mosa 7
- 9. 3. Linkage to the globe • Rapid Innovation Prototyping League for Entrepreneurs (TRIPLE, established in Taiwan March 2015) • Taiwan manufacturers help entrepreneurs transform their ideas into products, while gaining a place in the global startup ecosystem • Taiwan Innovation and Entrepreneurship Center (TIEC, opened in Silicon Valley June 2015) • Build talent and technology links between Taiwan and Silicon Valley • Taiwan Silicon Valley Technology Fund (TSVTF, approved by NDF September 2015) • Joint government-private sector investment in both Taiwanese and Silicon Valley startups 8
- 10. WHAT’S NEXT? Build a globally linked startup ecosystem in Taiwan 9
- 11. Upgrade startup ecosystem • Inspire Private Dynamics • government serves as sponsor or supporter • Enhance Corporate Engagement • connect resources and experiences of corporations with innovative ideas of startups • Step up Government Initiatives • attract global talent through entrepreneur packages on visa, capital and other incentives • organize training courses on computer coding and maker related activities 10
- 12. Strengthen global linkage 11 Reach out to the world Open up to the world • Taiwan Entrepreneur Visa • Taiwan Rapid Innovation Prototyping League (TRIPLE) • Visiting Entrepreneurs • More startups to overseas accelerators • Taiwan Pavilion at major tech conferences • More English news coverage
- 13. 12 Conclusion • Target Global Markets • Make Taiwan An International Startup Hub 12
Editor's Notes
- Ladies and gentlemen, good afternoon! It’s an honor to be here with you today. MOSA is the first international startup conference organized by Taiwan’s own community. Organizing a big event like this is not easy, and I thank the organizers for your efforts to enhance Taiwan’s visibility.
- As you know, Internet technology has cut business and marketing costs significantly, which allows more startup companies to go global. Moreover, concepts such as mobile communication, the Internet of Things (IoT), big data and sharing economy have quickly changed our lives. This is why many countries worldwide have policies to encourage innovation and entrepreneurship.
- Taiwan offers an advantageous environment for innovation and entrepreneurship. First, our economy is driven by tech and manufacturing industries, and we have a complete supply chain offering design, production, logistics and marketing services. Second, Taiwan provides small-scale, high-quality production. Third, Taiwan has solid internet infrastructures for digital and tech products, and consumers in Taiwan generally welcome and embrace new gadgets. Fourth, Taiwan offers a safe, convenient and comfortable living environment that’s close to big markets in mainland China and Southeast Asia. We want to become a global startup hub.
- For the past year, Taiwan’s government strategically has provided resources and established policies to encourage and support the development of startup business.
- To help young people and businesses, an Innovation and Startups Taskforce was established to put together resources from the government, private sector and Silicon Valley.
- The Innovation and Startups Task Force (ISTF) is convened by Vice Premier Simon Chang and five ministers without portfolio. By strategically combining resources across ministries, our goal is to create a ecosystem for startup business similar to Silicon Valley but with Taiwanese flavor.
- Earlier this year, the Company Act was amended by adding a chapter to provide Taiwan startups with more fundraising channels. Additionally, the Limited Partnership Act was enacted to allow new types of business organizations. Moreover, the regulations on employing foreign professionals was eased up for innovative startups and a one-year entrepreneur visa program was lunched to encourage foreigners to start up a new business in Taiwan. This April, an equity-based crowdfunding platform was established in Taiwan, which made Taiwan the second country in Asia to do so. We also passed the Act Governing Electronic Payment Institutions to allow non-financial institutions to provide electronic payment services.
- Furthermore, In March, the Taiwan Startup Stadium (TSS) was established, which is a startup cluster focusing on IoT and mobile applications. Besides, the National Development Fund (NDF) has incentives for international VCs to set up joint-venture funds for Taiwanese companies. The profit NDF renders to VCs can reach as high as 80%. So far, five VCs including “500 Startups” in America and Appworks in Taiwan have raised US$450 million. We also launched a Visiting Entrepreneur Program, inviting business people from other countries to network and share their experiences and know-how with local startups. In addition, we sponsor international startup events such as MOSA.
- To take Taiwan startups global, we established the Taiwan Rapid Innovation Prototyping League (TRIPLE), which leverages Taiwan’s manufacturing advantages to support startups worldwide. Furthermore, we also set up the Taiwan Innovation & Entrepreneurship Center in Silicon Valley in June. We are the first country in Asia to do so. The center subsidies and mentors Taiwan startup businesses for one to three months in Silicon Valley to incorporate them into the startup ecosystem there. Fourteen teams have been subsidized so far, and three of them are stationed in well-known accelerators in Silicon Valley now. To increase the exchange of talent, technology and capital between Taiwan and Silicon Valley, the government and private organizations have established the Taiwan Silicon Valley Tech Fund to invest in startups located in Taiwan and Silicon Valley. We believe these investments will establish long-term partnerships and make Taiwan an important partner for global startup supply chains.
- Looking ahead, our next goal is to create a globally linked startup ecosystem in Taiwan.
- In the future, we will encourage the private sector to play a greater role and enhance corporate engagement in startup activities. Policy directions may be led by the private sector while the government will simply act as a sponsor or supporter. We also encourage domestic and foreign corporations to connect with startups. Their resources and experiences, combined with innovative ideas from startups, will create more opportunities for cooperation. In addition, we attract global talents by offering matchmaking services, entrepreneur visas, capital assistance and other incentives. To enhance Taiwan’s future competitiveness, the government will develop and implement elementary school courses on computer coding and maker related activities.
- To strengthen global links, we will continue providing consultation services and sending more Taiwanese startup companies to international accelerators. Meanwhile, we will set up more Taiwan Pavilions at major startup events to raise Taiwan’s profile in the global community. With our quick prototyping and production abilities, as well as visa and capital assistance, we can attract top teams such as those from international startup contests. And by inviting more famous entrepreneurs to Taiwan, we can bring more global know-how, experiences and connections to Taiwan.
- With superior technology, talent and government commitment, I am confident that Taiwan’s startup businesses can meet global competition head on. We will try our best to help our startups dream big, go global and achieve great success. I am confident that we can make Taiwan an international startup hub.