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Three Taipei Metropolis mayoral candidates, Chen Shih-Chung (陳時中), Huang Shan-shan (黃珊珊), and Chiang Wan-an (蔣萬安) sat down on Wednesday (Oct. 19) with startup founders in Huashan 1914 Inventive Park to share their ideas on the prospects for Taipei innovation.
After listening to the concepts and discussions of three mayoral candidates, “whoever wins the mayoral election, Taipei Metropolis will likely be in good palms,” stated the host Tahan Lin (林大涵), co-founder of Backer-Founder.
Huang served as a metropolis councilor and now as deputy mayor. She labored intently with the Division of Financial Growth and supplied help for startup landings in Taiwan.
For instance, she helped wi-fi charging answer supplier ChargeSPOT set up its charging station inside Taipei Metropolis Corridor and 5 MRT stations, resulting in charging spots being put in in 1000’s of locations. She additionally witnessed the launch of Taipei metropolis’s first startup hub — Neihu Expertise Park — and supported revolutionary options like iTrash and Greenvines.
Throughout his days as a enterprise lawyer, Chiang Wan-an helped a number of startups, together with Pinkoi, 91APP, The Information Lens, and EZtable. (Meet International picture)
As for Chiang, who graduated from legislation faculty on the College of Pennsylvania, he supplied authorized consultancy for a number of startups comparable to Bounty Hunter, a number one competitors platform from Taiwan, and now based mostly within the Bay Space. As a enterprise lawyer, he additionally helped Pinkoi, a Taiwanese e-commerce platform, with their fundraising.
Different startups he has labored with embrace 91APP, The Information Lens, and Eztable. He stated that intently working with startups has made him conscious of the difficulties of beginning an organization and additional prompted him to help their efforts.
Chen Shih-Chung, the previous well being minister, stated that he’s aware of the biotech business, cell remedy, medical imaging applied sciences, precision medication, and so forth. He stated that he’s optimistic about establishing platforms in these areas and organising requirements, in order that Taipei could be aggressive within the worldwide enviornment on this area.
Taipei’s monumental potential: Angel investing
Taipei Metropolis Authorities has supplied NT$4.6 billion (US$143 million) in startup funding since 2015, which has yielded NT$200 billion in income, in line with Huang Shan-shan. (Meet International picture)
Taipei is a booming place for innovation, with its ecosystem of startups rating forty seventh worldwide, eighth in East Asia, and No.1 in Taiwan, in line with StartupBlink in 2022. Subsequently, it’s important to see what methods a future mayor has for enhancing startups.
All three mayoral candidates agreed that Taipei Metropolis has thus far achieved nice success in angel investing and funding startups, however had completely different focuses on what the subsequent steps must be. Taipei Metropolis Authorities has supplied NT$4.6 billion (US$143 million) in startup funding since 2015, which has yielded NT$200 billion in income, in line with Huang Shan-shan.
She additionally pointed on the market had been help and help to bridge the hole between the primary pot of gold and success. “The federal government ought to assist startups survive via the times earlier than they’re seen by extra VCs,” stated Huang.
Chen voiced help for the plan’s growth, particularly for mature startups. “We aren’t solely the sponsor, but in addition the investor,” he stated. “The federal government ought to search collaborations with sure startups, comparable to these with sensible options for catastrophe prevention or transportation.”
Chiang, in the meantime, emphasised early-phase investments like seed spherical funding for startups, which might acquire essentially the most wanted help. “The funds of Taipei Metropolis additionally comes from taxpayers, which reminds us of the clear goal and advantages of the funding,” stated Chiang. “The quantity of funding ought to strictly align with the wants and ambitions of every startup.”
Eyeing the worldwide stage
“Taipei is a metropolis with an important cultural heritage, the place we may increase business by studying about others’ experiences,” stated Chen Shih-chung. (Meet International picture)
As for who Taipei Metropolis ought to work with, Silicon Valley is the best choice for Taipei, because it has been the world’s preeminent hub for expertise and is a byword for innovation, in line with Chiang. “Taipei ought to head in direction of tech clusters straightforwardly to earn competitiveness,” stated the candidate.
Seoul of South Korea comes subsequent. With its main monetary business, Seoul as Taipei’s sister metropolis, may drive development for the monetary sector when it comes to digital transformation.
Chen picked Boston as a most well-liked associate as a result of its expertise working within the biotech business. Many medication giants are based mostly in Boston, which may increase enterprise for medication startups based mostly in Taipei.
The candidate additionally talked about Stockholm, a metropolis that’s prospering within the cultural and inventive sector. “Taipei is a metropolis with an important cultural heritage, the place we may increase business by studying about others’ experiences,” stated Chen.
Huang voted for Boston as properly, as a result of its complete ecosystems for all walks of life. As well as, she stated the worldwide connections of Singapore may immediate Taipei to go international.
“We don’t lack abilities, however the phases for them.” The candidate expressed the necessity to assist startups acquire a foothold within the worldwide markets, and ensure the world will get to know Taipei.
It could seem after listening to the concepts of the long run mayor candidates that founders and entrepreneurs can count on Taipei Metropolis to be led by worldwide and revolutionary visions.
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