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StartupTerrace

Partner

Taiwan Startup Terrace is the first national level international startup village launched by the Ministry of Economic Affairs of Taiwan, anchored towards linking the regional startup ecosystems and helping startups reach out overseas markets and dedicates to develop the region into a smart future city, by combining startups's innovative products with surrounding facilities. Startup Terrace provides office, housing, co-working space, exhibition center, and one-stop services for international startups, accelerators are stationed here including AWS Joint Innovation Center, Microsoft for Startups, Mighty Net accelerator and Wistron accelerator.

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Application

1st September 2020 -
20th September 2020

Programme Duration

5th October 2020 -
31st December 2020

RM5000 programme fee per startup*

2-3 pax

*Should there be any traveling, expenses to be bound by the startup.

*Please read the FAQ and T&C for details

Programme List

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Taiwan Route-to-Market

Programme Stage: Pre-Immersion Trip

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Learnings

Welcoming Remarks

MaGIC

NiEA

Programme Mentors

Introduction to programme and programme coordinators

Introduction to GMP (programme outline, expectations and commitment)

Introduction to NiEA (who they are and their role in the programme)

Introduction to programme mentors (who they are, mentor & startup matching and expectations)

One on One preparation with mentors

Matching of startup to mentor

Ice break between startup and mentor 

One on One session to raise any questions to mentors

Establish a connection and channel of communication between startup and mentor

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Involvement

Startup Terrace

Mentor

MaGIC

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Learning Taiwan’s Culture and Startup Ecosystem

Programme Stage: Immersion Trip Day 1

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Learnings

Business culture and startup ecosystem in Taiwan- strengths, resources and potential

Strengths of Taiwan’s Ecosystem

Resources available for startups to utilize

Potential for startups to grow in Taiwan

Understanding Taiwan’s market including

Government startup policy

Resources to be used

Business model/ growth plan for Taiwan’s market

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Marketing in Taiwan

Programme Stage: Immersion Trip Day 2

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Learnings

Learning the way of starting up and engineering talent hiring whilst learning how to market the company in Taiwan

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Involvement

Company Secretary

Ecosystem Partner

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Starting in Taiwan 101

Programme Stage: Immersion Trip Day 3

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Learnings

VCs and Fund raising in Taiwan

Design and prototyping supports in Taiwan

Political and Administrative landscape - regulatory and legal barriers

All you need to know about start a company in Taiwan

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Pitch Day

Programme Stage: Immersion Trip Day 4

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Learnings

Pitch ideas/ business to Taiwan investors & B2B partners

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Introduction to Startup Terrace

Programme Stage: Immersion Trip Day 5

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Learnings

How startups help with SME's digital transformation in Taiwan

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Design Sprint with Experts

Programme Stage: Design Sprint (5 days)

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Learnings

Creation of specific design sprint to help with the expansion into Taiwan’s market

Tackle design problems

Working with expert insights for 5 days

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Virtual Visits and Final Pitch

Programme Stage: Validation Trip

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Learnings

Virtual visit on Taiwan’s Accelerator

Visit of Meet Taiwan 2020

Pitching to investors & B2B partners

Disclaimer: program content may differ from the published and is subject to change.

As the courtesy in this partnership with MaGIC, Global Market-fit Award is offer to one (1) outstanding startup by NiEA*:
Support One (1) outstanding startup to establish in Taiwan.
1-year free access to Taiwan Startup Terrace co-working space (Business office address registration is available)
1-year free local market-fit support by NiEA
Taiwan Startup Terrace Housing/Lodging support
* Award’s prize details, final selection and discrete decision is by NiEA.

Prioritised Verticals

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E-commerce

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Smart Cities

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Medical Technology

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Manufacturing

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Agriculture

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Travel & Tourism

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Transformation Solutions

(Digitalisation/IR4.0)

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Eligibility Criteria

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High Growth - Expansion Stage

Strong financial records

Commercialised (TRL 6 or Series A above)

Solid traction

Majority Malaysian-owned or based in Malaysia

Pre-Immersion Trip

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September
2020

Briefing stakeholders - manage expectations, Setting meetings, Virtual  Market Insights Sessions, Virtual Business Culture Session

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Immersion Trip

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October
2020

Online launch! ,
Virtual business meetings, Interactive sharing sessions with local startup community

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Design Sprint

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October
2020

Establish Product Market Fit, Virtual user interviews with target customers,
Localised and validated business model 

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October
2020

Distant Mentoring,
Product Development, Re-strategise market entry, Check-Ins with program owners

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Validation Trip

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November
2020

“Seal the Deal”  virtual meetings with old and new pool of potential partners,
Pitch and validate new solution

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December
2020

Monitoring Check-Ins progress and feedback on the program for improvement and continuity,
Quarterly Reports & Check-ins

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