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ITRI’s analysts predict Taiwan’s industry value to hit NT$19.68 trillion, with a growth rate of 4.75% in 2021. Emerging technologies such as 5G, AI and IoT continue to develop to prompt Taiwan’s manufacturing economy. Yet, ITRI recommends the country should be cautious and decentralize production hubs amidst the uncertainty of the ongoing pandemic.
✅Click the article from Taipei Times for more details.
#IEKConsulting #ITRI #CQM
One of our portfolios, Deep Sentinel, recently announced it had secured a strategic investment from Nationwide that brings its total Series A funding to US$ 24M.
Deep Sentinel is a physical security startup that leverages cameras and hybrid AI to prevent break-ins. Hybrid AI utilizes both AI and human efforts to produce results and in the case of Deep Sentinel, the AI in the camera can detect when something fishy is going on outside your home which will then alert a real security person who will be able to (a) watch the surveillance, (b) notify the intruders they are being watched, and/or (c) call the police if it escalates.
Alongside the announcement of the funding, Deep Sentinel also launched a new line specifically for non-Residential areas called Deep Sentinel for Business, designed to protect small to medium-sized businesses who need security during off-hours. Deep Sentinel is now offering up to 6-8 cameras per hub, and multiple hubs per home powered by solar energy.
We had the honor of hosting the founder, Dave Selinger, at a fireside chat at AppWorks a few years ago, and he shared his vision for the company as well as his ambitions to see it grow. He imparted some wisdom to the AppWorks community: to know yourself and create your own advantages, which is what he did when he started Deep Sentinel. Instead of trying to copy others, he focused on what he was good at and innovated in the AI space by combining human + AI services in order to solve a problem he was already facing.
If you're a founder interested in connecting with other great founders, you might like our community! Check out our website to add your name to the mailing list when the next application kicks off: www.appworks.tw/accelerator
By: Natalie Feng Lin, Analyst
【Taiwan's Role in the New Age of Tech】
The fourth industrial revolution is upon us. Companies and industries alike will increasingly look to deep technologies to optimize their processes and maximize the value they bring end customers.
At the heart of this transition is Taiwan, a little island of 23.5 million people that punches well above its weight in terms of technical ingenuity and penchant towards innovation.
Most people likely recognize the country for its longstanding history as a manufacturing powerhouse.
“In 2017, Taiwan ranked third out of 159 nations for broadband download speeds. Further reflecting its robust manufacturing industry, the country produces 70 per cent of the world's integrated circuits and 90 per cent of laptops sold around the globe. “
Lesser known is the country's growing prowess in software and artificial intelligence. Taiwan's universities churn out upwards of 10,000 software engineers per year and start out at a fraction of the cost of what you might find in other Asian tech hubs. This is on top of the fact that fact that Taiwanese students regularly outperform the majority of its global peers when it comes to math and science.
It's no wonder why tech giants such as Google, Microsoft, IBM, and Amazon have all chosen Taiwan as a strategic R&D centers.
But it's not just the big guys, startups like Shopee, Carousell, ShopBack, and Lalamove have also increasingly sought out Taiwan's mature digital economy as an ideal market to fuel regional R&D or testbed new ideas.
Whether it's AI or IoT, Taiwan's unique cross-section of hardware and software leaves the nation in an ideal position to truly embrace this new age of tech.
If you're an aspiring AI/blockchain founder targeting Greater Southeast Asia, AppWorks Accelerator is now recruiting for AW#19 >> http://bit.ly/2JqijMw
-Jun Wakabayashi
Analyst, AppWorks
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