Taiwan Accelerator's Cross-Border Demo was a Big Success for its Inaugural Cohort

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The last five years of impressive growth across Asia has generated an increase in investment capital flow across the continent. This has fueled the dreams and visions of entrepreneurs looking to bring their ideas to a global audience. While economists tout the prowess of countries like China and Japan for radical technology, many forget about the rich history of innovation from Taiwan, Bangalore and Singapore. As a result, the region's bright thinkers have a hard time finding funding to build their business. Taiwan Accelerator, the first seed accelerator in the country, is changing this paradigm one startup at a time.

In April, Taiwan Accelerator held their first cross-border Demo Day in Silicon Valley and New York, showcasing eight innovative startups to an exclusive audience of institutional investors and venture capitalists. The roadshows generated a total of 42 investor leads for TA’s startup companies, which further validates the rising demand for emerging growth companies in new markets.

"There have been plenty of stories of the incredible growth in China and India over recent years," Richard Kang, Partner at Taiwan Accelerator, told Equities.com. "Many have also understood the growth of Hong Kong, Singapore and Korea over the past several decades. However, except for a small number of large computer hardware and mobile phone manufacturers, investors have had little chance to learn of further innovations from Taiwan. We hope these new and still undiscovered companies within Taiwan Accelerator's inaugural cohort provide evidence of a new source of future returns and diversification for globally minded investors."

Launched in October 2016, Taiwan Accelerator has worked meticulously to select eight distinct startups out of 153 applications. The chosen startups in the first cohort represent growing sectors of the business world: big data, e-commerce, and agricultural technology. These startups have already received funding and mentorship as part of the program.

The roadshows are an important example to burgeoning Asian entrepreneurs that there are resources and guidance available to help them grow their companies. This is why Taiwan Accelerator has the support of many local corporations because each startup represents the opportunity to bring more attention to this overlooked region. The companies that presented at the April roadshows were:

    • DaddysRoad is a social platform for automobile owners, connecting people with their vehicles and other users in the community. It also brings excitement and value to driving.
    • Gogoout is a car rental platform, having the largest number of locations and vehicle models in Taiwan. Just a few steps to make renting a car as simple as booking a hotel room online.
    • KDTech is a leading manufacturer of gyro-stabilized camera gimbal for commercial grade drones (UAV), providing state-of-the-art software and hardware technology integration.
    • Mean Yu International is committed to creating a youth hostel hotel chain in Taiwan and Asia. It currently operates on three product lines: star hotel, creativity & art inn, B&B hostel.
    • MediU is Asia’s first big-data-driven healthcare commerce platform, providing customers with tailor-made nutritional packages and a new way of pursuing a healthy life.
    • ProudPet is Asia’s first pet medical commerce platform, enabling owners to find the most suitable animal hospital and veterinarian quickly and conveniently.
    • SistaCloset is Asia’s first model clothing rental platform, giving women access to an unprecedented dressing experience at affordable prices by leveraging the power of the sharing economy.
    • TSSE is the world’s leading specialist in biological inducible pesticide substitutes, replacing artificial interference with natural approaches thereby creating a toxic-free food supply chain

Taiwan Accelerator's Demo Day was the culmination of the boot camp experience for these startups, enabling each one to gain access to the U.S. capital market and media coupled with the chance to secure additional funding from angel investors or venture capital firms. In addition, each startup received detailed counseling on finance, legal matters, marketing, branding and investor relations in preparation for this important day.

Taiwan Accelerator is working to nurture the region's undiscovered innovators in a rigorous and unique incubator. The program is shedding light on this region that is proving to be rich with talent, but, until now, light on seed investors.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.

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