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Taipei City, being the capital of Taiwan, is a bustling hub for start-ups and venture capital (VC) firms. The startup ecosystem in Taipei is vibrant and growing, underpinned by strong government support and programs such as the Taiwan Tech Arena (TTA).
The Taiwan Tech Arena (TTA), an initiative by the Ministry of Science and Technology, has become a significant platform for fostering tech startups in Taipei. In 2020, the TTA helped 100 local startups secure over $300 million in global funding. TTA acts as a bridge connecting Taiwan's technological talents to the international market.
Appier, an AI-based marketing software company, is one of Taipeiโs most successful startup stories. Appier raised $162 million in funding before it went public on the Tokyo Stock Exchange in 2021. Another success story is KKday, a travel experience platform founded in 2014. KKday has raised over $60 million, expanding rapidly across Asia and globally.
On the VC front, Taipei-based venture capital firms like Cherubic Ventures, AppWorks, and CDIB Capital Innovation Accelerator are fueling the startup ecosystem. AppWorks is known as the Y Combinator of Taiwan, having funded and accelerated over 395 startups as of 2020.
There's also a concentration of angel investors in Taipei that provide seed funding to startups. Notable angels include Jamie Lin, co-founder of AppWorks, and Steve Chen, co-founder of YouTube.
The Taipei City government actively cultivates the startup scene by providing incentives and creating a friendly regulatory environment for startups. The government has initiated plans to transform Taipei into a "Smart City," aiming to use technology to improve government services and infrastructure.
Overall, Taipeiโs unique combination of a strong tech talent pool, world-leading manufacturing abilities, openness to international collaborations, and supportive government policies has made it attractive to both startups and venture capital firms, fueling its growth as a significant tech startup hub in Asia.
Showing your skills in picking successful startups and advising founders is the surest way to build your reputation and secure a venture capital role.
Explore โYour community, region, or group thrives when its founders are given the chance to succeed before going back and reinvesting in their comunities.
Explore โEarn a share in startups you scout without the funds to invest directly just like a VC partner.
Explore โAs a podcaster, community manager, or event organiser you have a front-row seat to interesting startups which you can monetise by helping them fundraise.
Explore โBy identifying under-represented founders you're level the playing field for anyone to success based on merit independent from their social or ethnic background.
Explore โHelp your friends who are neck-deep in their startups get the funding they need to succeed.
Explore โAre you an investor looking for dealflow opportunities coming out of Taipei City? City offers a variety of innovative startups and individuals to explore - sign up now to discover the best of what the city has to offer!
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