Taiwan Government supports International Startups and Incubators, Integrated Multiple Preferential Measures

Taiwan Government supports International Startups and Incubators,  Integrated Multiple Preferential Measures
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What you need to know

Taiwan government provides “Registration Mechanism of International Incubators of Ministry of Economic”, which integrated cross-ministerial administrative preferential measures, providing one-stop service by Taiwan Accelerator Plus (TAcc+) of the Institute for Information Industry.

Taiwan has built a solid startup ecosystem in recent years. To strengthen the international connections of domestic innovation and entrepreneurship industry environment, the Taiwan government provides “Registration Mechanism of International Incubators of Ministry of Economic”, which integrated cross-ministerial administrative preferential measures, providing one-stop service by the Institute for Information Industry.

An institution having been successfully registered as an international incubator, or a startup incubated and recommended by the abovementioned international incubators are all qualified to apply for the preferential measures.

Three types of measures are available. First, for institutions only. Institutions would have the privilege to preferentially reside in the Startup Terrace. Also, they are eligible to be recognized as "accelerated incubators" under the “Small & Medium Enterprise Incubator Development Program”. Besides, it can be exempted from the inspection of self-use goods, commercial samples, and exhibition products.

Second, institutions and startups are both qualified, such as the Business Travel Card of Asia-Pacific Economic Cooperation, Foreign Academic & Business Travel Card. General courtesy customs clearance in an international airport, express customs checkup & clearance in an international airport, work permits for foreign professionals, employment Gold Card and many more are also included.

The last kind of scheme is only available to startups. Startups can get extra points and increase the loan guarantee percentage when applying for “Subsidies under Small Business Innovation Research and Development Program”.

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1. Exclusive privileges to institutions

Institutions that have been successfully registered and certified as an international incubator by the Ministry of Economic Affair, will be qualified to be identified by the competent authorities of the government into an “accelerated incubator”, and can be entitled to support for an exemption from inspection products, including the commodities for own-use, commercial samples for an exhibition.

Moreover, the Ministry of Economic Affairs provides financial subsidies for these institutions. Not only privileged for preferential bonus points in “Small & Medium Enterprise Incubator Development Program“, the project's subsidiary beneficiaries (donees) include legally-established sole proprietorships, partnerships, companies, legal entities, and colleges and universities but also an application unit may apply based on its resources and memorandum through an individual application or by organizing the “Incubator Alliance”.

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2. Exclusive Privileges Sharing by Institutions and Startups

To encourage international startups and incubators setting up locations in Taiwan, the government relaxed visa requirements, as shown in the following table:

Foreign Academic & Business Travel Card

Characteristics of measures

  • Visa-waiver privileges for multiple accesses to Taiwan up to five years
  • Privileged to express customs clearance through the designated inspection counter

Qualification requirements for an applicant

  • The chairman (including the president), general manager, vice general manager serving with its enterprise in Taiwan
  • Professional technicians, academicians teaming up with its enterprise in Taiwan in a cooperation program for a period longer than one year
  • Holding a valid passport of a foreign country

Maximum validity period

  • 5 years
  • Each stay: 90 days

Fees

  • 0

Employment Gold Card

Characteristics of measures

  • Four-in-one Employment Gold Card, i.e., work permit, resident visa, Alien Resident Certificate (ARC) and re-entry permit

Qualification requirements for an applicant

  • Specific Foreign Professionals (the same as the preceding Paragraph)
  • A managerial officer or a department head level personnel

Maximum validity period

  • 3 years

Fees

  • As the respective application cases may justify

Express customs clearance with the inspection at an international airport

Characteristics of measures

  • An employer is free of the restrictions in the paid-in capital and annual sales turnover
  • An employee is free of the restriction in the number of years in working experiences

Qualification requirements for an applicant

  • Foreign professionals (Performance of works as specified under Subparagraphs 1~6, Paragraph 1 of the Employment Service Act.)

Maximum validity period

  • 3 years
  • 5 years in case of a Specific Foreign Professional

Fees

  • NT$500/case (disregarding the number of people)
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Scan QRcode to learn more about “Registration Mechanism of International Incubators of Ministry of Economic.”

3. Exclusive privileges to startups

The project loan for startups is provided by the Small & Medium Enterprise Credit Foundation, including a special credit guarantee up to 80% as the minimum, up to 90% as the maximum, in case of a startup having been incorporated less than five years. If a startup If the startup has won an award or is granted under a specific program, the guaranteed ratio is 95% within the limit of NT$5 million.

It's worth noting that startups can apply for the loan program through a direct guarantee, and will be entitled to bonus points in evaluation items upon application for subsidies under Small Business Innovation Research and Development Program.

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List of Registered International Incubators with Taiwan's Ministry of Economic Affairs of 2020

※ Click the company name to visit the official website

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Region

Company name

1

Taipei

i2i (Innovation to Industry)

2

Hsinchu

Industrial Technology Research Institute

3

Taipei

DIT Startup

4

Taipei/Tainan

Well Buyout Inc. (Hour Jungle Co-working)

5

Taipei/Tainan

StarFab Accelerator

6

Taichung

Footwear & Recreation Technology Research Institute- Innovation Incubation Center

7

Taipei

iiiNNO

8

Taipei

Formosa TV-FTV Accelerator

9

Taipei

SYSTEX Corporation-AI+ Generator Program

10

Taipei

SparkLabs

11

Taipei/Hsinchu/Tainan

Mighty Net

12

Taipei

TA (Taiwan Accelerator)

13

Taipei

Acer BYOC (Acer Cloud Technology)

14

Taipei

ABA (Asia Blockchain Accelerator)

15

Taipei

Microsoft Taiwan

16

Taipei

Epoch Foundation

17

Taipei

BE Accelerator

18

Taichung

FOR MORE MAKER SPACE

19

Taoyuan/Hsinchu/Tainan

PWC

20

Taipei

CDIB (Capital Innovation Accelerator)

21

Taipei

AeSa Taiwan

22

Taipei

BOOST X

23

Taipei

APT (Asia Pacific Telecom) 5G Accelerator

24

Taipei

HaoShi Foundation

25

Taipei

Taiwan Startup Stadium

26

Taipei

Nankang Biotech Incubation Center, NBIC

27

Taipei

ABA (Asia Blockchain Accelerator)

28

Hsinchu

CardinalRain (New Taipei City-Amazon Web Services Joint Innovation Center, NTPC-AWS JIC)

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