【Taiwan: A Diamond in the Rough】
It's no coincidence that tech giants such as Google, Amazon, Microsoft, and IBM all chose Taiwan as an R&D hub. The country's legacy as a hardware and semiconductor manufacturer bred several generations of top notch tech talent, enabling many companies in a pivotal position to capitalize on the growing intersection of hardware and software, specifically as it relates to 5G, AIoT, Industry 4.0, and Smart City initiatives.
Longstanding corporate interests have also naturally spawned a massive wave of ambitious entrepreneurs, eager to build things from the ground up and reap the potential rewards of starting their own businesses. Consequently, in the last decade an end-to-end ecosystem has evolved to help support, educate, train, connect, and finance such endeavors.
Although largely overshadowed by its neighbors’ market sizes and growth rates, Taiwan and its citizens have been purchasing on the web for the better half of two decades. It should therefore come as no surprise that Taiwan boasts some of the highest rates of internet and mobile penetration in the world, lending a unique testing ground for startups looking to pilot new ideas and iterate fast.
From a proximity standpoint, the country is ideally positioned next to the brisk, fasting-growing economies of Southeast Asia, while serving for many as a springboard into other regional markets such as China, Japan, or South Korea.
If you're looking an AI/blockchain startup looking to tap into Taiwan's gold mine of talent or sizable market opportunity, be sure to apply to AppWorks Accelerator. Final round deadline for AW#19 applications is July 15, 2019 >>> http://bit.ly/2K8ZWO7
-Jun Wakabayashi
Analyst, AppWorks
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