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For five years, NSTC has pushed TTA, assisting new startup teams to raise more than NT$24 billion

For five years, NSTC has pushed TTA, assisting new startup teams to raise more than NT$24 billion.  Photo provided by National Science and Technology Council (NSTC)
For five years, NSTC has pushed TTA, assisting new startup teams to raise more than NT$24 billion. Photo provided by National Science and Technology Council (NSTC)
Taiwan Immigrants' Global News Network】Editor/ Tim Wu (吳宗翰)

Taiwan Tech Arena (TTA), which recently hosted a two-day international conference and XYZ symposium, is celebrating its fifth anniversary this year. According to the National Science and Technology Council (NSTC), TTA has successfully attracted the top chip startups and innovations from around the world traveled to Taiwan for development over the past five years by introducing 10 international accelerators, nurturing more than 700 new startup teams, and helping them raise more than NT$24 billion.

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For five years, NSTC has pushed TTA, assisting new startup teams to raise more than NT$24 billion.Photo reproduced from Taiwan Tech Arena – TTA Facebook

In addition to establishing a southern base in 2021, the NSTC formed TTA in 2018. It accelerates the industrialization of new innovations and forward-thinking technology layout, helps break into the global industrial supply chain, and enables technological innovation teams to connect internationally and deploy globally by utilizing international innovation resources and connecting Taiwan's local industrial clusters.

TTA has also established a Black Card program to recruit businesspeople and investors with extensive international expertise in order to draw in foreign entrepreneurial resources and foster the innovative thinking of domestic new entrepreneurial teams. 46 Black Cards have been issued thus far in an effort to broaden and develop Taiwan's new innovation ecosystem on the world stage via their hands-on expertise.

Tsung-Tsong Wu (吳政忠), the chairman of the National Science and Technology Council (NSTC), also stated that the NSTC is collaborating with various ministries to advance a 10-year plan, primarily using the industry's power to support innovation across all sectors and drive innovation through chip applications. Industries that support people's livelihoods and industries that are rapidly innovating and upgrading.

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