Founders in our accelerator have no doubt passed by the giant map that hangs in the sixth floor of our accelerator space.
The map is much more than a statistical readout of how the region is growing. It explains why Taiwan and AppWorks are integrated so closely with an area we call Greater Southeast Asia.
Aggressive GDP growth, expansion of new technologies, and a glut of software in SEA is helping founders mix together countless localized solutions. They see Taiwan as a place to improve on their ideas, before expanding more assertively into the entire region.
There are a few reasons for this:
1. The AppWorks accelerator, which has helped over 1100 founders launch products and platforms and generated nearly US$5 billion of market value through 376 active startups in the past ten years
2. Taiwan's tremendously huge e-commerce economy of US$42 billion per year (bigger than all of the SEA countries combined)
3. 25,000 engineering graduates per year, who are largely fluent in English and versed in nimble and agile development practices
4. An open and experimental government regulatory approach, which has helped the government-backed NDF support fintech founders by investing US$100 million in blockchain companies, and hundreds of millions of USD in other startup verticals
In this article we list examples of the following companies (and many more) that have taken this approach, either through partnering with us as portfolio companies or attending our accelerator: ShopBack; 91APP 品牌新零售; Carousell 旋轉拍賣; Xfers (AW18), which partnered with Zilliqa recently to launch a stable coin called StraitsX...
If you want to explore Taiwan's fast-growing regionally-integrated economy, then you should come check out our accelerator.
We have opened applications for cohort #20, which will begin in March 2020. Applications close on December 16.
You can find out more here: http://bit.ly/AWBAIGSEA
Doug Crets
English Communications Master, AppWorks Accelerator
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