Startup Island TAIWAN Unites Taiwanese and Vietnamese Tech Startups in Ho Chi Minh City

Startup Island TAIWAN, an initiative backed by Taiwan’s National Development Council, recently joined forces with domestic venture capitalists and listed companies to present a significant event showcasing the prowess of Taiwanese digital tech startups. This event, known as Taiwan Tech Solution Day, took place in Ho Chi Minh City on August 23, where 14 Taiwanese startups had the opportunity to demonstrate their innovative capabilities.

Fourteen Taiwanese startups, supported by local corporate and venture partners, converged with Vietnamese experts in Ho Chi Minh City for the Taiwan Tech Solution Day. Co-organized by Startup Island Taiwan and the Vietnam National Innovation Center (NIC), this event facilitated cross-border engagement and knowledge sharing. 

The NIC, a division of Vietnam’s Ministry of Planning and Investment, embraced the event, highlighting the collaboration between the two nations to foster innovation.

Startup Island Taiwan, a platform initiated by Taiwan’s National Development Council, is pivotal in providing support and resources to Taiwanese startups. Through events like Taiwan Tech Solution Day, the platform actively promotes the capabilities and potential of Taiwan‘s digital tech startups on an international stage.

The participating startups showcased a diverse spectrum of sectors, encompassing marketing technology, cloud services, fintech, healthcare, Artificial Intelligence of Things (IoT), smart manufacturing, 5G, customer relationship management (CRM) platforms, AI with no/low code, Ed Tech, AI for natural language processing, GameFi, and Non-Fungible Tokens (NFT) exchange. 

The event was a platform for showcasing innovative business solutions and provided valuable insights into Vietnam’s burgeoning startup ecosystem and the ongoing transformation within the digital technology landscape. 

Leo Wu, Director of Startup Island Taiwan, highlighted that the Vietnam event is just the beginning of a series of similar initiatives planned for various countries across Southeast Asia. 

Shedding light on Vietnam’s growing startup allure, Thomas Lin, Startup Ecosystem Manager at IT services provider Systex Corporation, emphasized that global capital flows increasingly shift from China to dynamic markets like Vietnam, making it an attractive destination for investment and growth.

The appeal of Southeast Asia’s extensive market and its abundant workforce is a significant allure for startups, as emphasized by Michael Wu, Venture Partner at the global venture capital firm Hive Ventures. 

Startup Island TAIWAN’s initiatives extended beyond startups, gathering expertise from domestic accelerators and venture capitalists. Participants included significant players like major software company Systex and its subsidiary AGP team, well-known early-stage investment institution Sunsino Venture Group, its subsidiary Startup 101, and venture capital firm Hive Ventures, which focuses on digital technology investments. 

Moldintel and Sightour, both recommended by these experts, stood out for their mature and innovative AI products, securing their positions as finalists in Vietnam’s largest startup competition, InnoEx.

The inaugural Taiwan Tech Solution Day, orchestrated by Startup Island TAIWAN in Ho Chi Minh City, garnered significant attention from the Vietnamese government and major corporations. This event marked a substantial digital startup exchange between Taiwan and Vietnam, especially following the relaxation of pandemic-related restrictions.

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