Over 40 Taiwanese startups will participate in the annual Consumer Electronics Show, one of the world's largest technology extravaganzas, Minister of Science and Technology Chen Liang-gee said.
Forty-four firms will take part in the Las Vegas trade event that runs from Jan. 8 to 11 as part of Taiwanese government efforts to foster connections between fledgling companies and global markets, Chen said.
“Taiwan should enlarge its mindset to include global markets based on our own plans and strategies for the fields of technology and innovation,” Chen said.
“There is no need to limit ourselves. We should have no boundaries.”
It will be the second time for Chen's ministry to sponsor Taiwanese startups to attend the CES, after a total of 32 firms participated in 2017.
The CES showcases futuristic innovations, with "smart" devices using various forms of artificial intelligence expected to be a major focus.
At the 2017 show Taiwanese startups were able to garner nearly NT$3 billion in funding, with two companies, Robotelf and iXensor Inc., winning awards.
Chen said his ministry this year has enabled participating Taiwanese companies to attend an even wider variety of programs and networking events in hopes this will bring them even more funding and recognition.
The ministry also arranged for a group of professionals from Silicon Valley to visit Taiwan and share their experiences of pitching ideas to investors with the selected Taiwanese companies.
Improving Taiwan’s Startup Ecosystem
This comes as part of an overall ministerial effort to improve the island’s startup ecosystem. The most prominent example of the ministry's work is Taiwan Tech Arena, the first government-backed incubator.
Established last year, Taiwan Tech Arena includes four global accelerators cultivating 29 Taiwanese startups and 23 foreign ones, Chen said in September.