Taiwan Sets up Innovation and Entrepreneurship Center in Silicon Valley

 In order to promote innovation and entrepreneurship, the Ministry of Science and Technology (MOST) announced the opening of the Taiwan Innovation and Entrepreneurship Center (TIEC-Taiwan) in Santa Clara in California.

The establishment of the center is intended to forge the link with entrepreneurs, venture capital firms and accelerators in Silicon Valley.

In a bid to broaden the vision of Taiwan’s startups, TIEC-Taiwan will select Taiwan’s startup companies with growth potential and send their development teams to well-known accelerators in Silicon Valley. TIEC-Taiwan has signed memorandum of cooperation with four accelerators and three venture capital companies. The accelerators are Founders Space, Plug and Play, CoinX and Wearable World Labs. The venture capital companies include WI Harper Group, SVT Angels and H&Q Asia Pacific.