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Taiwan to host Internet startup promotional event

Taiwan to host Internet startup promotional event

An annual show featuring Internet-based start-ups will be held in Taipei in July, with the aim of matching entrepreneurs and innovators with venture capitalists and angel investors, the organizers said Wednesday.

The IDEAS Show, organized by the Ministry of Economic Affairs and now in its ninth year, has become the most important platform of its kind in Taiwan and has gained the recognition of Asia-Pacific Economic Cooperation (APEC) members.

Over the past eight years, the IDEAS Show, a matchmaking platform for emerging companies that offers related forums and seminars, has incubated more than 226 start-ups and has helped 168 domestic start-ups to attract total combined investment of NT$6.12 billion (US$184.59 million) through cooperation with international Internet startup platforms.

It has also collaborated with APEC members such as China and Singapore, to establish cooperation channels.

The ministry said that this year's event is aimed at raising the global profile of Taiwan Internet startups through cooperation, exchanges and competition with APEC members.