Abstract

The terms of Innovation and entrepreneurship may be new terminologies that have existed and have taken presence in the 21st Century. The National Development Council has been the government office that has been assigned in ushering and having a hands-on approach of creating and changing past laws and enticing investors to invest into start-ups in the IoT, artificial intelligence, blockchain, cloud computing, big data analytics(iABCD) technology market. The Island nation of Taiwan aims to have their start-ups go globally and ways in which they can attract new and fresh talents into the island to contribute to the inclusive start-up ecosystem and for them to have a start-up Unicorn. As a result, this thesis intends to investigate the evolution of the Start-up ecosystem in Taiwan and the ways that the National Development Council can have start-up’s expand internationally. Even though the National Development Council has done so much to aid start-ups more has to be done to attract foreign nationals to work in and contribute to the Taiwanese economy. Finally, this research intends is to provide the National Development Council with adequate information of how these partnerships and collaborations that have to be established with the existing partners and new partners can foster and sustain a continuous growth pattern for the start-up ecosystem that is present in Taiwan.

Table of Contents
ABSTRACT 2
Chapter 1 7
Introduction 7
1.1 Background of study 7
CHAPTER 2 9
LITERATURE REVIEW 9
2.1 Innovation and Entrepreneurship 9
2.2 Start-up businesses 10
2.3 Government assistance 11
Chapter 3 14
COUNTRY ANALYSIS 14
3.1 General Information 14
CHAPTER 4 21
DISCUSSION 21
4.1 General Information 21
4.2 Taiwan Start-up Stadium 22
4.3 Funding 24
4.4 Venture Capital 27
4.5 Challenges 30
4.6 Internationalization of Start-ups 35
Chapter 5 38
Recommendations 38
5.1 Collaboration or partnership with international-level accelerators 39
5.2 Attracting Talents to work in start-ups 40
5.3 Taiwanese start-ups develop products in Taiwan 40
5.4 Business competitions 42
Chapter 6 44
Conclusion 44
REFERENCES 45

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