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STPI Escorts MOST’s Deputy Minister to VivaTech 2019

2019/09/26

VivaTech is a renowned technology exhibition which brings together global startups and leaders to celebrate innovation. Debuted in 2016, VivaTech continues to be honored by large enterprises and industry experts from worldwide every year. It even rises to become one of the platforms for public and private sectors across countries to showcase their innovation and entrepreneurial capacities to the world. President Emmanuel Macron of the French Republic thus envisions VivaTech to become the Europe-equivalent of Consumer Electronics Show (CES). This year, VivaTech had attracted more than 100,000 visitors from 125 countries, with exhibitors ranging from 9,000 startups to tech giants such as GAFA (Google, Apple, Facebook, and Amazon) and large European companies including LVMH. The exhibition highlighted issues such as Tech for Good, United Tech of Europe, and Women in Tech.

MOST Deputy Minister Hsu Yu-Chin led the TTA teams to join VivaTech 2019.

 

Deputy Minister Hsu Yu-Chin of Ministry of Science and Technology (MOST) led ten tech startup teams to VivaTech 2019. Together, they represented Taiwan's national pavilion organized by MOST-supported startup hub Taiwan Tech Arena (TTA). A number of distinguished guests were invited, including La French Tech, telecom giant Orange, Enterprise Europe Network (EEN) Taiwan, Taipei Representative Office in France, Techstars, Ycombinator, and Schoolab. Their presence could enhance the startup collaboration between Taiwan and Europe as well as leading to further industry cooperation.   

Taiwan delegation visited Tomorrow Street, an accelerator in Luxembourg.

 

Among the ten startup teams, two were representatives for the MOST’s TRUST-U Program, namely: the precise positioning solution developer iTech led by Professor Mao Shau-Gang from National Taiwan University, and the AI-based driver fatigue monitoring system developer, FaceHeart Inc., led by Professor Wu Bing-Fei from National Chiao Tung University. By joining VivaTech 2019, the Trust-U teams were not only able to gain exposure and raise funds but also to reach out to their target customers. It was unprecedented for MOST to lead a delegation of startups to Europe. The arrangement enabled the startups to approach the European market in proximity, thereby winning orders from the local customers. Moreover, the delegation visited several accelerators and enterprises in French and Luxembourg as an effort to secure startup resources and investments in Europe in addition to extending cooperation opportunities to various industries.

Luxembourg Acceleration Bootcamp hosted by Luxembourg’s House of Startups. 

 

The visit coincided with the global technology conference, ICT Spring, in Luxembourg. Taiwan delegation had the honor to attend the "Meet the Startup Ecosystem," its pre-opening international forum, and meet with numerous venture capitalists, including Luxembourg’s House of Startups to exchange wisdom on fundraising experiences. Apart from networking with overseas venture capitals, the exchange sessions also allowed both sides to acquire an understanding of the organization and operation of the incubators and accelerators in each other’s startup ecosystems, through which they explored further possibilities of collaboration. The inspirations could then be utilized to facilitate more startups in the homeland to optimize their products. At the same time, the TRUST-U teams could step up their efforts in strengthening the connections between Taiwanese tech startups and the business opportunities available in the European market.