When mainland tyrants companies are encouraging Taiwanese to start their own businesses, Taiwan has one more local Internet venture Fund

The rapid development of the global Internet, with a swift sweep of the world, Taiwan has also raised a wave of internet entrepreneurship, has been a lot of favor. First Cheetah Mobile in Taiwan set up a total of NT $100 million of the venture fund, after Alibaba in Taiwan set up 10 billion NT venture fund. This has also spawned Taiwan's Home-grown Entrepreneurial Support fund.

Recently, Cathay Life and the group of electronic leaders, together with the Executive Yuan National Fund, Tele-transmission, joint newspaper, CID Warwick International Group, Fubang, China Trust venture, Development International, jointly set up the investment fund, capital of 1.5 billion NT, will invest heavily in internet start-ups. The funds will be managed by the start-up of Taiwan's largest incubator and accelerator Appworks.

Appworks founder Lin Zhi said that the collection of 1.5 billion prudential investment funds, mainly for the Appworks alumni enterprises, from the seed wheel, a turn to B round of financial support. The focus is on E-commerce, mobile Internet and IoT projects, of which the investment in the seed wheel project is around 200,000 to 500,000 U.S. dollars, a round of 1 million to 3 million dollars, and B round 5 million to 10 million dollars. At present, 91App, Uitox, Fandora Three internet companies have been funded by the Prudential Venture capital fund.

Appworks was founded in 2010, and its Appworks Accelerator entrepreneurship Accelerator recruits 25 Asian start-ups every six months. At present, the cumulative graduate of the entrepreneurial team reached 199, the financing amount of NT $4.5 billion, the total value of NT $11.8 billion, the past year to create a 4.52 billion NT turnover, employing 1902 employees. Among the more well-known alumni are: the completion of the 5 million-dollar B-round fund-raising eztable, Hon Hai spent 2 million U.S. dollars in the Airsig and red in line of the banana people. Previously, Appworks has raised a fund, combined with the fund, to manage up to NT $1.82 billion in total assets.

When I first went to Taiwan earlier this year, I chatted with many entrepreneurs, and they all envied the mainland's Internet entrepreneurial environment, especially the investment and financing environment. Airsig, who got 2 million of dollars in financing, even created a record of valuations for Taiwanese start-ups. Perhaps, in the near future, Taiwan's venture environment will be further improved.