Wed, Nov 21, 2012 - Page 13 News List

Taiwan, European center sign MOU on aiding start-ups

By Helen Ku  /  Staff reporter

The Ministry of Economic Affairs and the European Business & Innovation Centre Network (EBN) have agreed to assist and cultivate start-ups in Taiwan and European countries.

The ministry’s Small and Medium Enterprise Administration yesterday said that the two sides signed a memorandum of understanding (MOU) on Wednesday last week to strengthen partnerships between Taiwanese and Europeans incubation centers.

FINANCING

“Our mission is to help incubator centers cultivate start-ups by providing them financial support or establishing partnerships between governments,” administration official Yang Chia-hsien (楊佳憲) said by telephone.

Through the MOU, Taiwanese start-ups can seek assistance from incubation centers in EBN member countries, while searching for business or cooperation opportunities in those countries, Yang said, adding that it would benefit both Taiwanese and European firms as they try to expand their global market shares.

With the MOU, Taiwanese incubator centers will have more opportunities to attend annual seminars in Europe, exchange entrepreneur cultivation resources and information, and promote brand awareness, Yang said.

“We hope more start-ups can obtain aid from incubator centers and go international with the help of the MOU,” he said.

COMPETITIVE

“The signing of the MOU marked another milestone in the country’s bid to stay competitive in the global market. We believe more innovative start-ups will emerge with the help of local incubator centers in the future, leading the country to higher economic growth,” Yang added.

According to the ministry, there are a total of 130 incubator centers in Taiwan. Among these, four — at the Industrial Technology Research Institute, Nangang Software Park, National Tsing Hua University and National Chiao Tung University — have been certified by the National Business Incubation Association as “soft-landing” incubators with specialized programs designed to help start-ups or small and medium-sized enterprises break into new markets.

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