::: 2015.01.20 Assisting innovation and entrepreneurship The government plans to advance to Silicon Valley and establish a fund – Startup@Taipei
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2015.01.20

Assisting innovation and entrepreneurship The government plans to advance to Silicon Valley and establish a fundtitle

In order to assist young people in innovation and entrepreneurship, the Executive Yuan established the "Innovation and Entrepreneurship Policy Report". Today, Ge Kui Mao Zhiguo listened to the report of the Science and Technology Association and the Ministry of Science and Technology. U.S. dollars is the goal to establish the "Taiwan Silicon Valley Technology Fund" to advance to establish a base in Silicon Valley, promote Taiwan's local innovation and entrepreneurship business, and set up a rapid trial production center in Taiwan. Mao Zhiguo and instructed relevant ministries and committees to track progress every quarter and to have bright results every quarter.

In order to assist young people in innovation and entrepreneurship, the Executive Yuan plans to establish a "Taiwan Silicon Valley Science and Technology Fund" in conjunction with the private sector, and set up a base in Silicon Valley to promote Taiwan's innovation and entrepreneurship business in Silicon Valley. At the same time, it must also use the excess capacity of OEM and ODM manufacturers in Taiwan. Established a rapid trial production center.

Lin Yiping, acting minister of the Ministry of Science and Technology, stated that the Silicon Valley Fund initially hopes to raise US$100 million within this year. The public shares will use the National Development Fund and the Science and Technology Development Fund, and hope to introduce 60% of private funds. Lin Yiping: "The government will give 40%. According to the standard procedures of the National Development Council, 60% are for the industry to come in, and we also believe that when the time comes to search for new technologies and venture capital investment, the industry must come. 』

In addition to the establishment of the fund and the advancement of Silicon Valley, the Executive Yuan also organized the Innovation and Entrepreneurship Policy Report, which was convened by the Vice President Zhang Shanzheng, and was appointed to manage Zhongmin, Feng Yan, Cai Yuling, and Du Zijun. Work in four major areas, including international environment, loosening of domestic laws and regulations, and assisting industry players in fostering and obtaining funding.