Profile of MOST's Taiwan Startup Institute
Funded by the Ministry of Science and Technology, Taiwan Startup Institute (TSI)is a national-level startup accelerator, and has the mission of uncovering promising R&D results hidden away at universities and research institutions, and guiding aspiring technologieson the way towards commercialization.TSI also promotes the establishment of startups involved in the commercial development of these technologies,which willtransform schools' R&D results into tangible industrial assets. TSI is composed of professionalswith experience and expertise in criticalareas such as finance, law, investment fund-raising, and industry; and helpsstartupteams fine-tunetheir business models, navigate regulatory pathways, and perform market assessment and financial and equity planning. TSI also provides connections to the knowledge, training classes, and external resources needed by innovative startups,including links to domestic and foreign angel investors, venture capitalists, corporate investment departments, and private fund-raising channels. TSI is committed to creating even more exciting success stories in Taiwan!
1. Take the initiative to discover and identify teams with high potential and recruit them into the project.
2. We bring together worldwide venture capital firms, professional networks, startups, and research institutes .
3. We help research teams optimize their business models, and define their market position and product segmentation.
4. We invite specialized lecturers and industry experts to provide startup training and mentoring .
5. Research teams will be given opportunities to take part in domestic and overseas exhibitions, and provided with extensive media coverage.
As the leading promoter of science and technology in Taiwan, the Ministry of Science and Technology (MOST)has specifically introduced TRUST-U Program to help universities to commercialize their valuable technologies. Because Taiwan's universities and research institutes have accumulated many years of R&D results, MOST hopes that the transfer of these technological capabilities and results to industry will help transform Taiwan's impressive academic research advancement into real commercial value, benefiting both industry and society.
Apart from providing funding support to startupteams, MOST's TRUST-U program has also establisha national-level accelerator— Taiwan Startup Institute (TSI). By pairing startup teamswith the R&D expertise of universities and research institutions, and providing guidance from mentors in various fields, TSI is helping budding entrepreneurs successfully cross the "valley of death" that causes so many early startups to fail. And as a result, TSI is also ensuring that the R&D results of industry, universities, and research institutionsare fruitfully utilized in real-world applications. While giving Taiwan's industries new infusions of technology and fostering high-value tech startups, the many benefits of TRUST-U Programalso include the encouragement of entrepreneurship and win-win outcomes for both academia and industry
5 Pillar Industries
In accordance with the central government's 5+2 Innovative Industries Plan , the TSI has committed to transforming the Taiwanese economy and industry in the following five major industry fields.
1. The Asian Silicon Valley Project aims to promote innovation and R&D for devices and applications of the internet of things (IoT), including object detection, internet infrastructure, data collection, and application services.
2. The Circular Economy Project involves those industries integrating and supplying energy resources, as well as those offering cyclical use of waste.
3. The New Agriculture Project covers agriculture, forestry, fishery, animal husbandry & related processing industries, machinery manufacturing/leasing industries, and wholesale business, etc.
4. The Intelligent Machinery Project brings together elements of smart technology, such as big data, virtual reality and real world integration, and 3D printing, etc.
5. The Biomedicine Project covers applied biotechnology industries, pharmaceutical industries, and medical devices industries.