Wed, Jun 01, 2016 page13

• Need for ‘Asian Silicon Valley’ disputed

  ‘OUTSIDE OF THE BOX’: Taipei Computer Association chairman Tung Tzu-hsien said Taiwanese students need to be taught to be adventurous and not to be afraid of failure

  • By Lauly Li / Staff reporter
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  Taipei Computer Association chairman Tung Tzu-hsien (童子賢) yesterday called for a better investment environment and a more open-minded attitude in response to the government’s plan to build an “Asian Silicon Valley” for start-ups and firms producing innovative products.

  “It might not work if the government simply wants to copy the success of Silicon Valley,” Tung told a forum focusing on start-ups at Computex Taipei.

  Tung’s remarks came after President Tsai Ing-wen (蔡英文) told the opening ceremony of Computex that the government is to carry out an “Asian Silicon Valley” initiative in Taoyuan, connecting domestic and international resources in manufacturing and research and development in a bid to develop Internet of Things (IOT) supply chains.

  

  A woman performs martial arts at the Intel booth at Computex Taipei at the Taipei World Trade Center yesterday.

  Photo: Chiang Ying-ying, AP

  Silicon Valley represents not only a location, but an adventurous spirit of innovation and creation, despite the failures of numerous start-ups over the decades, Tung said at the forum.

  He said the government is thinking from a perspective of manufacturing hardware, but it is also important to think about deregulating to improve the investment environment, such as easing the regulations that allow foreigners to take white-collar jobs in Taiwan.

  It is equally important that society has an open-minded attitude to encouraging start-ups, regardless of nationality or gender, he said.

  

  Visitors look at new computer products at the Computex Taipei at the Taipei World Trade Center yesterday.

  Photo: Chiang Ying-ying, AP

  “Many of the important international enterprises in Silicon Valley were not founded by Americans,” Tung said.

  He said that Taiwan has adequate funds and talent for new start-ups, but he is not certain if society is tolerant enough to support foreign start-ups.

  If the government’s start-ups initiative is only for Taiwanese firms, then such a mind-set would not help Taiwan to achieve its goal of becoming an Asian innovation hub, he said.

  Tung said he has also noticed that society has overly emphasized the difficulties that start-ups might face in the early stages of their development.

  “Our education system needs to change. We should encourage the younger generation to think outside of the box, be adventurous and not afraid of failure,” Tung said.

  Crowdfunding company Backer-Founder (貝殼放大) chief executive Tahan Lin (林大涵) said he thinks it is not necessary to build an “Asian Silicon Valley” in Taiwan, as it is more important to help investors cooperate with start-ups.

  What start-up companies need is investors who understand their vision and their added-value, rather than having a location like an industrial park in northern Taiwan, Lin said.

  InnoVEX, an exhibition featuring 217 start-ups from 22 nations, is taking place at Taipei World Trade Center Exhibition Hall 3, along with Computex Taipei.

  Organizers the Taiwan External Trade Development Council (TAITRA) and the Taipei Computer Association said five main fields — hardware and the Internet of Things; B2B software; cloud applications; consumer technology; and health technology — are being displayed by both local and foreign start-ups at the venue from yesterday until tomorrow.
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