To help develop domestic startups and promote linkage between Taiwan and the U.S. Silicon Valley startup circle, the ROC’s Ministry of Science and Technology (MOST) and National Development Council (NDC) are working hand in hand to enlist both domestic and overseas venture capital to invest in Taiwan’s and Silicon Valley’s promising startups.
In its initial stages, a startup’s success or failure hinges on its capability to acquire sufficient funding and resources. Based on venture capital professionalism and investment selection via market mechanisms, the Taiwan Silicon Valley Tech Fund’s investments in Taiwan and Silicon Valley startups would help such young businesses to successfully pass through the “valley of death.” It would also help domestic industries to grasp hold of global technology development trends and make early deployments.
The Taiwan Silicon Valley Tech Fund will fundraise from 2015 to 2017. The ROC government will invest a total of US$120 million—US$40 million annually—with the MOST’s sci-tech development fund and the NDC’s National Development Fund each shouldering 50 percent of the funding. In conjunction with capital from the private sector, it is expected the Taiwan Silicon Valley Tech Fund will reach US$300 million.
For related information, please visit the MOST’s Department of Academia-Industry Collaboration and Science Park Affairs webpage (in Chinese) at https://and the NDC’s investment webpage