500 startups and Taiwan Tech Arena join forces to evolve and globalize Taiwan’s startup ecosystem | Taiwan News
Global venture capital firm has partnered with the ministry’s Taiwan Tech Arena to raise the profile of the local ecosystem on the global stage
TAIPEI, TAIWAN – Media OutReach – June 21, 2021 – Global venture capital firm 500 Startups has partnered with Taiwan Tech Arena (TTA) under the tutelage of the Taiwan Ministry of Science and Technology. Both organizations lead the TTA
The inaugural program is part of TTA’s larger goal to further develop Taiwan’s startup ecosystem, which has been ranked 7the in the Asia-Pacific region and 30e globally in terms of ecosystem strength. The program is also designed to improve the results of Taiwan-based startups through a commitment of capital.
“As we enter a new era that prioritizes greater innovation, inclusion and sustainability for all people and businesses, Taiwan must now harness the transformative power of technological innovation. As with Taiwan’s earlier technological achievements, this can only be done by improving the synergy between and international ecosystem players. With 500 startups being our partner for the program, we are ready to integrate the right talent into our country’s start-up hub and subsequently increase the capacity of Taiwan-based innovations to make a real difference on the global stage ”, said a representative of TTA.
“Given the experience of 500 startups in building tech ecosystems around the world, we will develop an accelerator program specifically designed to help local startups think and go global, and also bring some of the startups most innovative in the world here to foster collaborative innovations which We are honored to have the support of the Ministry of Science and Technology and Taiwan Tech Arena as we embark on this journey of scaling up startups Taiwanese. mentionned Tony Wang, Managing Partner, 500 startups.
As part of the program, 500 startups will organize a series of workshops to introduce the 500 startups global growth agenda to local and international startups, and select 20 growing-phase startups to participate in an 8-week acceleration program. focused on growth and globalization. As is customary for 500 startup programs, participating startups will benefit from ongoing access to the 500 startups global network of mentors, founders and industry stakeholders. In addition to the globalization aspect of this program, there is the market access component, as 500 startups and TTA also intend to select international startups that wish to develop in Taiwan to participate in this program.
Applications for the program will open on July 15, 2021. Information will be shared on the website here. Startups wishing to receive an exclusive preview of what it’s like to be in a 500 startups program and tips for applying can register for the next series of workshops.
Around 500 startups
500 Startups is one of the world’s most active early-stage venture capital firms. Since its creation in 2010, 500 startups have invested in more than 2,500 companies in 77 countries. Its more than 140 team members are located in more than 15 countries to support the global portfolio of 500 startups. Notable investments include Credit Karma, Canva, Talkdesk, Intercom, GitLab, Grab, and Bukalapak.
500 Startups also help develop innovation ecosystems by partnering with governments and foundations to create tailor-made acceleration programs, and with companies to strengthen their capacity for in-house business creation and initiate corporate partnerships. external innovation with startups. 500 Startups also train investors through educational programs. 500 Startups has managed more than 50 growth and acceleration programs for more than 1,500 startups around the world.
About Taiwan Tech Arena (TTA)
Taiwan Tech Arena (TTA) is a deep tech startup ecosystem building program bringing together academic / R&D talent, startups, accelerators, businesses and investors under one roof.
Located in Taipei Arena with more than 30,000 square feet of workspace and event specially designed for technological innovation, Taiwan Tech Arena aims to cultivate technological entrepreneurship in depth, foster the commercialization of innovation and to create a vibrant cross-border deep tech startup ecosystem.