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Taiwan Tech Summit - Over thousands of people gathering in Silicon Valley to showcase Taiwan’s technology and startups
Silicon Valley Influence Foundation, Meet Global, National Development Council, Taiwan Global Angel, and several Silicon Valley’s Taiwanese founded associations host the largest tech event in the US - Taiwan Tech Summit, on September 17. The event features lights-out Taiwanese in the global stages and has attracted thousands of in-person attendees and 500K online traffic worldwide.
To strengthen the tech industry’s connection between the US and Taiwan, Silicon Valley Influence Foundation collaborates with Meet Global and National Development Council as well as Silicon Valley’s local Taiwanese associations including North America Taiwanese Engineering & Science Association, Data Science Association, Bay Area Taiwanese Biotech Association and Taiwan UXD Gathering to invite top Taiwanese in Web3, Data Science, Semiconductor Hardware, Venture Capital, and Biotech to share the latest technology trend.
There were over 30 organizations joining the summit together from the San Francisco Bay Area, Los Angeles, Seattle, New York, Boston, and Texas.
At the Taiwan Tech Summit opening, Minister of National Development Council ”Kung Ming-Hsin said “This June, I had a trip to Silicon Valley and Washington D.C., visiting enterprises and startup-related institutes. And I have also attended the Select USA, in which Taiwan has shown strong strength. Three Taiwan companies won the top 3 awards and a total of 14 companies were listed Top 10. This trip not only shows me again that Taiwan companies stand out with tech and innovation power but also gives me a strong feeling of the great opportunity for Taiwan and the US to work together.”
Katie Hsieh, Chairperson of Taiwan Tech Summit and CEO of Silicon Valley Influence Foundation, noted that the goal of Taiwan Tech Summit is to build an ecosystem to connect Taiwanese Professionals across industries, including Web3, Semiconductor Hardware, Biotech, AI & Data Science, Venture Investment and Startups. Taiwanese communities would like to build a very strong network and database to support each other.
How Taiwan can win in the data science and hardware industry
In the Data Science Forum, former LinkedIn director Chi-Yi Kuan, Esty Chief Data Officer Chu-Cheng Hsieh, VP of Hyperscience Ching Fong Su mentioned that the application scenario is the most important factor for the development of Big Data and Machine Learning. The speakers delved into how AI and data science have become indispensable tools in shaping business and product development strategies, and how organizations are committed to extracting insights and trends through big data and data science while using AI and data engineering to create new types of business opportunities. Forum speakers shared use cases of data science in retail, technology, and SaaS industries, discussed how AI in different sectors is trending towards the broad public, as well as the key developments in the next 5-10 years.
In the Hardware Forum, Impact Science Ventures managing partner Michelle Kiang, Andes Technology COO Emerson Hsiao and cofounder of FP Solutions Lewis Hong shared tips for the commercialization process and the importance of talents. The hardware industry is not like the software industry, usually hardware needs more time to develop so it is important to define the market precisely.
The speakers also talked about how science and innovations create opportunities for new businesses but the impact on the commercialization of hardware products is less obvious than in other industries. The commercialization process necessitates the consideration of the overall market business model, fundraising, market niche, product positioning, time-to-market, marketing strategies, and more. In this forum, the speakers shared their experiences and success stories from the perspectives of venture capitalists, technology experts, and business operators to dissect the challenges and solutions faced by companies at different stages of growth.
Web3 and Biotech industries are important for Taiwan’s future development
In the Biotech Forum, Senti Biosciences founder Tim Lu, UC. Berkeley Dean of the School of Public Health Michael Lu, and VP of Octant Bio Hannah Shen emphasize that to succeed in the post-pandemic landscape, biotech leaders must have a clear vision of their short- and long-term goals aligning with the public health policies. Forum participants got a taste of the future in entrepreneurship, investment, and public health.
It was also shared that after the all-time highs of biotech investments and valuations over the past two years, the market is undergoing a tectonic shift, with the potential to greatly influence life sciences strategy, deal-making, and investments. Despite the recent correction, growing geopolitical complexities, and market volatility, the fundamentals of biotech across the US and European markets remain strong.
In the Web3 Forum, founder of XREX Wayne Huang, director of Filecoin Foundation Clara Tsao, and principal of Blockchain Founders Fund Tobias Bauer all have a positive view for Taiwan to develop the Web3 industry, and they also listed the following aspects for boosting web3 growth in taiwan: (1) Culture: the need to support flexible work styles and management; (2) Education: the promotion of computer technology education; (3) Funding: Taiwan’s government could be more supportive of investment in this area; (4) Laws and regulations: taxation or other preferential incentives; (5) Corporate collaborations: Taiwan boasts a strong hardware industry and should make good use of this advantage to adopt web3 business models.
Founders should be sincere
In the Venture Capital Forum, Acorn Campus Chairman Wu-Fu Chen, 886 Studio Managing Partner Kai Huang, and AME Cloud Ventures Principle Wretch Chien shared their lessons learned as entrepreneurs and as startup investors, market insights and trends in the tech industry. They also shared the opportunities and challenges for Taiwanese entrepreneurs and investors in Silicon Valley in the post-epidemic era, in light of the tension between China and the United States, the strong dollar, and interest rate hikes.
Kai and Wretch mentioned that they wish founders can stay true to themselves instead of mimicking others. They said that Elon Musk and Zoom CEO Eric Yuan have different personalities and they stay true to themselves and focus on their own path, so both of them are successful.
Taiwan Tech Summit successfully broadcasted Taiwan’s latest technology and ideas in the US and had built a deeper connection for tech ecosystem between two sides. It can not be successful without Taiwanese people and government teaming up together.
The aritcle is supported by National Development Council
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