How Taiwan can boost your startup in unexpected ways
Taiwan attractions have become an open secret in terms of its location, low operating expenses, and affordable top tier IT talent.
Startups (not limited to Taiwanese) may receive initial funding up to US$650,000 followed by US$3.3 million in subsequent rounds, from government’s new direct investment program.
“Taiwan’s National Development Fund (NDF) may now invest up to NT$20 million in any new startup versus a prior ceiling of NT$5 million, thereby emphasizing an equity stake rather than a grant that must be repaid.”
“The program has also been expanded to US$66 million. As of now, 57 companies have received a total of around US$25 million in funding, meaning US$40 million remains available.”
Entrepreneur visa program that was introduced in 2015, just made it easier for international founders to come to Taiwan.
“Employment Gold Card” as well as tax and retirement benefits for foreign professionals.
Last, AppWorks, the region’s largest startup accelerator and founder community would love to help the startups to land in Taiwan.
AppWorks is now accepting applications for our next AI/blockchain only batch. Be sure to apply before the final deadline of December 16, 2019 >>> http://bit.ly/2XXfWqh
To read more >> https://e27.co/emerging-funding-opportunities-in-taiwan-20191122/?fbclid=IwAR2cDczVa-fbd-xW5sgbZcFk9Ga4-Ptfzo-XGm31I0j17BpLziX6JBQjM5s
By Izza Lin,
Recruiting Master
