President Tsai Ing-wen (center) of the Republic of China attended the “2023 Taiwan Investment Summit” on the afternoon of November 7, 2023. (Provided by the Presidential Office of the Republic of China)
[The Epoch Times, November 07, 2023](Epoch Times reporter Zhong Yuan reported in Taiwan) President Tsai Ing-wen of the Republic of China said today (7th) that so far, the “three major investment plans in Taiwan” have attracted more than NT$21,500. billion investment (approximately 69,652,047,40 US dollars). She said that the government will improve the investment environment and make investment in Taiwan the main theme of the international market.
TPEA Private Equity Association and TVCA Venture Capital Association joined hands with Asia Silicon Valley and Taishan Investment to jointly host the 2023 Taiwan Investment Summit “Invest in Taiwan, Foresee the Future”, inviting President Tsai Ing-wen to deliver a speech, and inviting representatives from industry, government, and new ventures to attend. , explore new opportunities for industrial venture capital, new imaginations of innovative economic transformation, and jointly create a new future for Taiwan.
In her speech, Tsai Ing-wen said that attracting global companies to “invest in Taiwan” has always been an important goal of the government. In the past few years, in the face of the development of the global economic situation and changes in corporate investment layout, the government has worked hard to improve Taiwan’s investment environment and provided assistance measures such as land rental concessions and special loans.
In order to promote Taiwan’s industrial and economic development, Tsai Ing-wen said that the government also hopes to use private equity’s diversified and flexible investment methods to invest in important and strategic industries in Taiwan. Therefore, the government assists qualified private equity funds in obtaining insurance or other funds to strengthen industrial development capabilities. The National Development Council also officially served as the competent authority for private equity funds in June this year.
Tsai Ing-wen pointed out that now that the Private Equity Investment Business Association has been established, she would like to thank General Manager Weng Jiasheng for serving as the first chairman of the association, and also invite all association partners to serve as a communication platform between the government and enterprises, promote the internationalization of Taiwan’s capital market, and introduce domestic Foreign capital is invested in Taiwan’s strategic industries.
Tsai Ing-wen mentioned that the government has promoted the “Three Major Plans for Investment in Taiwan” since 2019, attracting many overseas Taiwanese businessmen to return to Taiwan to invest, and local companies have also expanded investment. As of October this year, the cumulative total investment has exceeded 2.15 trillion yuan, bringing Come to more than 148,000 job opportunities.
“To maintain Taiwan’s international competitiveness and attract more investment, innovation energy is also very important.” She said that in recent years, the government has promoted Taiwan’s industrial innovation and transformation by investing in new innovations. NEXT BIG, a new Taiwanese team promoted by the National Development Council, has not only established a foothold in Taiwan, but also actively expanded into the international market. Today’s event also invites three NEXT BIGs selected this year to share their experiences. I believe everyone will gain a lot.
Taiwan’s new startups receive over US$2.2 billion in investment
Tsai Ing-wen pointed out that the development of Taiwan’s new startups is a step-by-step accumulation. The National Development Fund launched the “Entrepreneurship Angel Investment Program” in 2017 and has invested in 241 new start-ups so far, driving investment of more than 11.9 billion yuan; the number of new start-ups in Taiwan has increased from more than 2,300 in 2015 to more than 7,400. The amount of investment received has also grown significantly, from US$840 million in 2015 to more than US$2.2 billion last year.
Tsai Ing-wen said that in Taiwan, more and more companies are introducing innovative energy into existing industries through investment, mergers and acquisitions, and business cooperation. New startups can also use corporate advantages to obtain financial support, test sites, and a wide range of domestic and overseas partners. Market network creates a win-win situation.
She emphasized that in the face of the challenges in the post-epidemic era in the future, the government will continue to assist industries in adjusting their constitution and strengthening resilience, and will continue to improve the investment environment so that the world will not only be optimistic about Taiwan, but also hope that investment in Taiwan will become the main theme of the international market. “Together we come on”.
Guests present today also include Senior Advisor to the Presidential Office Wu Rongyi, Deputy Secretary-General Huang Chongyan, Deputy Chairman of the Financial Supervisory Commission Qiu Shuzhen, Chairman of the Private Equity Investment Business Association of the Republic of China Weng Jiasheng, and Chairman of the Venture Capital Business Association of the Republic of China Qiu Decheng.
Editor in charge: Li Tongde#