Taiwan Clusters

The Taiwanese clusters mainly consist of SMEs, Taiwan’s essential role in business, and also other organisations, such as research centres, universities and business incubators. They often develop a science or industrial park to fulfill the needs of a strategic sector and dynamise the regional economy. The clusters, therefore, improve the deep specialisation of Taiwan's high-tech industry and help build a great variety of businesses. Also, industrial associations play a critical role in boosting international collaboration through clusters.

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Taiwan’s Green Industry

Sustainable Goals and Policies in Taiwan
In line with the ambitious goals of the Green Deal, Taiwan has adopted policies to curb climate change by cutting carbon emissions down to 50% of the 2005 levels by the year 2050. Taiwan is moving towards the development of green energy technologies and a sustainable circular economy. Its industries are advancing towards higher rates of resource recycling and high-quality products with constant improvement and sustainable economic development.

Green Energy
Offshore wind-power generation: To achieve the goal of 3GW wind power by 2025, the government is aggressively implementing the ‘thousand wind turbines’ project utilising the Taiwan Strait, one of the world’s best offshore wind sites.
Solar Panel Program: Taiwan is the world’s second-largest producer of solar cells and one of the leading solar wafer-and module-makers in the world

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Taiwan’s Startup Ecosystem

Taiwan’s startup ecosystem is experiencing a positive momentum underpinned by a fast growth economic rate. The underlying cause of this positive growth can be attributed to a number of variables, including many government initiatives, a more positive risk taking attitude from investors towards flowing capital resources into the ecosystem, and corporations becoming more actively involved in the startup scene.

Highlights of 2021

At an ecosystem level and based on StartupBlink’s data, Taiwan achieved the second best increase in rankings amongst the top 5 countries listed on the East Asia rankings, showing a positive momentum of 4 spots since 2020, and securing the 26th spot globally.

Taiwan ranks highest internationally in the following industries: Hardware & IoT, Health, and Marketing & Sales where the country is ranked 14th, 15th, and 19th worldwide respectively.

Strengths and Opportunities

• Support for R&D through public expenditure
  
• Successful COVID reponse 
  
• Roubust external financial position
  
• Foreign-friendly environment 
  
• Technical capabilities
  
• Hardware powerhouse
  
• Close links to Silicon Valley and other first-class ecosystems
  
• Geographical position between Asia and the Americas
  
• Strong economic outlook
• Tech savvy population 
  
• Substancial tech presence ... etc
  
  Source: Taiwan Startup Ecosystem Report  released by StartupBlink, Taiwan Tech Arena

Know more about -
Taiwan Startup Terrace

About Startup Terrace-
Taiwan Startup Terrace has established as a major international startup hub in Taiwan and is supported by the Ministry of Economic Affairs. Because of the support from the central government, it has formed the nucleus of the entire ecosystem, gravitating toward a large number of corporates, tech companies like early to late-stage startups. Startup Terrace provides offices, housing, co-working space, an exhibition center, and other state-of-the-art facilities that make it the ideal place for startups to grow and develop. About 160 companies (23 accelerators included) are based in Startup Terrace currently.

Source: 林口新創園 (startupterrace.tw)

The Taiwan Gold Card

The Taiwan Employment Gold Card is part of the 〈Act for the Recruitment and Employment of Foreign Professional Talent〉, implemented in October 2017. It is part of a more comprehensive government initiative to attract highly-skilled foreign talent to Taiwan.

Source: Taiwan Employment Gold Card Office