A new youth entrepreneurship program unveiled last month by President Tsai Ing-wen (蔡英文) last month could materialize in March at the soonest, Vice Minister of Economic Affairs Lin Chuan-neng (林全能) said yesterday.
The program aims to have the government act as guarantor to help applicants secure loans totaling up to NT$60 billion (US$2 billion), or NT$1 million per applicant, the Ministry of Economic Affairs (MOEA) said.
Young people planning to establish a company would be required to fill out a form at a dedicated window instead of presenting a proposal and would then be put through an accelerated evaluation process that would allow them to receive funds within seven days, with the government would pay interest of up to 1.67 percent on the loans for the first five years, it said.
The government has been talks with banks that have expressed a willingness to undertake the program to discuss the possibility of establishing a dedicated window at bank branches nationwide to start receiving applications in March or April, Lin told a news conference at the Executive Yuan in Taipei.
The ministry said that it would also establish a homegrown youth incubator to aid young people returning to their hometowns to set up companies.
It hopes to replicate the success of the Start-up Terrace in New Taipei City’s Linkou District (林口) and create a similar cluster of innovative start-ups in Tainan’s Shalun (沙崙) area, the ministry said.
While such hubs are currently concentrated in the six special municipalities, Lin said that he hopes incubators could be decentralized and established in townships.
Premier Su Tseng-chang (蘇貞昌) said he has asked MOEA staff to act as undercover customers to test the banks’ progress on introducing such programs.
UNDER INVESTIGATION: Huang’s body was found just outside the bathroom and showed no signs of a struggle, and no alcohol or drugs were found Singer and actor Alien Huang (黃鴻升) was found dead at his home in Taipei’s Beitou District (北投) yesterday. He was 36. Huang was also known by the nickname Xiao Gui (“little ghost”). His body was found when his father went to check on him after being unable to reach him by telephone, and called emergency services to the house at 11am, the Taipei City Police Department said. Huang’s body, which was discovered just outside the bathroom, showed no signs of a physical struggle, and he appeared to have been dead for some time, police said, adding that no drugs or alcohol were
Scooter riders should regularly clean their helmets, especially in summer, to prevent dirt and sweat from accumulating and causing scalp problems, such as hair loss and permanent baldness, a dermatologist has warned. Poor hygiene practices by helmet wearers often lead to scalp problems, such as bacterial folliculitis, tinea capitis and seborrheic dermatitis, Lu Pei-hsuan (呂佩璇) at Chang Gung Memorial Hospital said on Aug 31. The first step to maintain good scalp care is proper hair washing, as shampoo residues can easily cause dandruff and itchy scalps, while improper scratching will cause inflammation, Lu said. The best way to wash your hair is to
INTIMIDATION: Chinese military maneuvers have mostly led to heightened support for Taiwan’s defense forces, while China appears poised to continue its campaign China’s incessant military activities in and near the Taiwan Strait over the past several months are “greater in meaning than in substance,” and are aimed at polarizing Taiwanese society, a researcher said in a report published on Friday. China has attempted to intimidate Taiwan through military threats, while at the same time calling on Taiwanese and US officials to practice restraint, which is aimed at causing a rift between those who prefer resistance against China and those who prefer peace, said Lee Kuan-cheng (李冠成), a researcher at the Institute for National Defense and Security Research. “China’s goal is to obscure public awareness
CONFIRMED IN PHILIPPINES: The CECC would conduct contact tracing for the migrant workers to determine if they had come into contact with elderly people or children Six Filipinos tested positive for COVID-19 upon returning home from Taiwan, the Central Epidemic Command Center (CECC) said yesterday as it reported a case of imported COVID-19 infection, bringing the number of confirmed cases in Taiwan to 500. Philippine authorities reported four of the cases through the National IHR Focal Point, while the other two were reported by the company that they had worked for in Taiwan. The six — five women and one man — are aged from their 20s to 40s, and worked as in-home care workers, domestic workers, factory workers and sailors in Taiwan, said Minister of Health and