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APEC Accelerator Network summit kicks off in Taipei

APEC Accelerator Network summit kicks off in Taipei

Taipei, Oct. 19 (CNA) The 2015 Asia-Pacific Economic Cooperation (APEC) Accelerator Network Summit and Global Challenge began in Taipei Monday, with 31 startups from 16 countries competing for US$100,000 and the chance to work with industrial giants Intel and Siemens. The two-day competition and seminar seeks to connect entrepreneurs and "facilitate fundraising activities between investors and startups across the Asia-Pacific region," according to the organizer, Taiwan's Small and Medium Enterprise Administration of the Ministry of Economic Affairs. In his address at the opening ceremony, Vice Economic Affairs Minister Yang Wei-fu (???) said Taiwan has made many contributions within APEC on issues related to the development of small and medium-sized enterprises. It will continue to work with APEC to promote an international startup cooperation platform, improve innovation and a startup biological environment, and help small and medium-sized enterprises and startups gain access to the e-commerce industry, Yang said. Taiwan initiated the APEC Startup Accelerator program in 2012 and the APEC Accelerator Network the following year to help improve the innovation and startup environment in the Asia-Pacific region, Yang said. With the support of Intel and Siemens, the annual startup competitions have assisted many startups in the digital technology sector to make inroads into international markets, he added. In the APEC Challenge 2015, innovation competitions will take place in four areas: interactive learning, immersive collaboration, smart mobility, and smart home. The four areas are believed to be where next-generation breakthroughs will be made in the information technology and industrial sectors and will drive innovation in transforming, upgrading and digitizing businesses and even making them smarter, according to the organizer. (By Milly Lin and Elizabeth Hsu)


Updated : 2021-09-17 02:55 GMT+08:00