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About
The "Asia Silicon Valley Plan" aims to leverage Taiwan's strengths in ICT and semiconductor manufacturing to drive software applications and economic development. The plan has successfully promoted IoT and strengthened the startup ecosystem, with Taiwan achieving significant recognition and growth in the IoT sector. Building on this, the Asia Silicon Valley 3.0 plan focuses on developing 5G and AI technologies, encouraging private investment, and fostering international partnerships to drive digital and net-zero transformations, positioning Taiwan as a global innovation hub.
Resources
- Financial Assistance: ASVDA provides significant funding through the Business Angel Investment Program and youth entrepreneur loans, and encourages corporate investments in startups. They also collaborate with global venture capitalists to enhance the investment environment in Taiwan (ASVDA) (ASVDA).
- Talent and Regulatory Support: The agency works to attract international talent by optimizing the regulatory environment and implementing systems like the regulatory sandbox for fintech and autonomous vehicles. This helps startups navigate legal challenges and innovate more freely (ASVDA).
- Startup Exits and Market Expansion: ASVDA facilitates startup growth through matchmaking events, promoting mergers and acquisitions, and establishing the Pioneer Stock Boards to accelerate startup exits. They also support startups in expanding their business overseas by establishing liaison offices and promoting the national startup brand “Startup Island TAIWAN” (ASVDA).
- Innovation and Smart Solutions: They support the development of smart city solutions and innovative IoT applications, leveraging 5G and AI technologies to create impactful and scalable solutions (ASVDA) (ASVDA).
- Startup Ecosystem Development: The agency continuously strengthens Taiwan's startup ecosystem by fostering international collaborations and enhancing visibility for local startups through events and databases (ASVDA).
