MOEA unveils Taiwan’s 1st startup white paper

2025/03/31

The Ministry of Economic Affairs released Taiwan’s first startup white paper March 27 to bring the public up to speed on the country’s entrepreneurship ecosystem and achievements of related government policies.
 
According to the document, there were more than 9,500 startups in Taiwan by the end of 2024. They span a wide range of sectors, including consumer products, food and beverage services, hardware manufacturing, health and medical care, media and entertainment, and software applications.
 
The white paper identifies artificial intelligence, environment and sustainability, energy, and digital applications and transitions as areas with the greatest increases in startups in recent years. This trend demonstrates that government policies promoting AI, digital and net-zero emission transitions, health and medicine, and semiconductors serve as a solid foundation for fostering new businesses.
 
In terms of talent cultivation, the report said that nearly 70 percent of the startups employ technical professionals, see technological development as their core business and contract out production to increase operational efficiency. They also prioritize talent recruitment in business development, innovative R&D and marketing.
 
The white paper also provides information on government support measures. These include subsidies, loans and investment funds catering to the needs of startups in different operational stages; helping enterprises expand their presence at home and abroad by setting up shop at innovation parks and taking part in global exhibitions; and formulating proactive strategies to recruit and retain talent.
 
Citing the 2023 Global Entrepreneurship Monitor report, the MOEA said Taiwan ranked third globally in the National Entrepreneurship Context Index, adding that the country’s commercial, physical and professional infrastructure are all superior to that of neighboring countries.
 
Going forward , the government will keep rolling out supportive measures to promote local startups and drive Taiwan’s economic development, the ministry said.


Source:  Taiwan Today (https://taiwantoday.tw/index.php)