Taiwan aims to expand its ties with the Israeli high-tech industry and has been running programs for the past three years to accelerate the entry of Israeli companies into the ecosystem in Taiwan. As part of the expansion of the joint activity, a delegation of senior officials arrived in Israel this week (28.8) headed by Mr. Ho Chin-Chang, Director General of the Administration of Small and Medium Enterprises of the Ministry of Economy in Taiwan. The delegation includes about 20 senior executives from the ecosystem in Taiwan, including the founder of Advantech, managers of one of the largest venture capital funds in Taiwan in the health sector CDIB, managers of the venture capital fund Taiwania Capital, CEO of the electronics manufacturing giant Mighty Net, managers of technology and biomedical research institutes as well as managers of the i2i company.
The Taiwanese Small and Medium Enterprises Administration operates a number of IP² innovation programs to promote ties and technological collaborations between Taiwan and Israel. The programs operate in the Startup Terrace innovation center, which is supported by him and are managed by the Taiwanese company i2i, which established and manages a technological ecosystem that supports and connects stakeholders in the field of innovation in Taiwan.
“We aim to be the best international parent in the East for startups and the gateway for companies to the Eastern markets. In the last four years, we have established two innovation centers that provide international companies and local companies in Taiwan with everything they need, starting with offices and residences, through consulting and networking, and are used to accelerate the entry of the companies into the ecosystem in Taiwan. We run a number of programs in the centers and also focus on dedicated activities for Israeli companies,” he said Mr. Ho Chin-chang. “One of our goals in this visit is also to learn more closely about the cooperation model that exists between government entities and the industry in Israel and adapt the model to our ecosystem.”
As part of the visit to Israel, the organization Start-Up Nation Central exposed the senior delegation to the world of Israeli innovation, including the presentation of work models for expanding activity and working with the Israeli ecosystem. At the same time, Start-Up Nation Central led to meetings and the creation of business opportunities with Israeli start-up companies. In addition, the members of the delegation met with venture capital funds, managers of research institutes, incubators, technology commercialization organizations of the universities as well as with representatives of the Israel Innovation Authority.
The delegation’s visit opened at the annual event of IP² programs in Israel where the 10 Israeli companies participating in the third round of the IP² LaunchPad innovation program to accelerate the entry of companies into the Taiwanese ecosystem were announced. In addition, a series of distribution, production and clinical trials agreements were signed between the Israeli and Taiwanese companies, including:
- ASUS who signed an agreement with a company AirOvation develops technology for purifying the air and enriching it with oxygen in closed spaces;
- EZMEMS the developer of smart sensors that signed an agreement with the Taiwanese electronics manufacturer Mighty Net whose clients include Acer, D-Link, the Unicorn, Ubiquiti and more;
- Nucleon Cyber develops sensor infrastructure for the early detection of cyber attacks signed an agreement with CHT Security a subsidiary of Chunghwa Telecom, the leading ISP in Taiwan and one of the largest ICT providers in Taiwan;
- and-Sanolla, the leading company in the world today in the use of medical information from the field of infrasound and artificial intelligence technologies, for the diagnosis and monitoring of cardiopulmonary diseases has signed an agreement with the Medical University of Taipei (TMU).
“Besides the global epidemic and the closed borders, we have managed to increase the scope of cooperation between Taiwan and Israel in a variety of fields including health, renewable energy, cyber security, 5G. Now with the third cycle, close to 60 Israeli companies participated in the plans to accelerate the entry into the Taiwanese market, in which more than 450 virtual and physical meetings were held and more than 30 cooperation agreements were signed, in the last three years. I am happy to see the vision of the combination of the Israeli startup-niche and the Taiwanese scale-up nation come to fruition” he said Dr. Gary Gong, chairman of the company i2i. “I greatly appreciate Israeli innovation and encourage Israeli companies to see Taiwan as a significant market for strategic collaborations, distribution, sales as well as for the management of clinical and pilot trials, and believe that continuing to strengthen ties and integration between the two ecosystems will accelerate the development and growth of each of the parties.”
“For years, Taiwan was not a priority for Israeli companies when they planned expansion in the world. In the last three years, we have created a change in Taiwan’s position among Israeli companies and have opened joint channels of activity for both parties, which yield advantages for both parties that are in different places on the chain of global technological activity and innovation,” he said. Rani Shifron, CEO of the Israeli consulting company Healthier Globe representative i2i Taiwanese and manages the programs IP² in Israel.
Article from Middle East 24 News