News

Taiwan 44 Startups Reached NT$ 55 Billion Business Opportunity at CES 2019

TAIPEI,
TAIWAN - Media OutReach -
January 25, 2019 - The Taiwan Ministry of Science and Technology (MoST)
led 44 top-tier innovation teams to once again strive in the Consumer Electronics
Show (CES) in Las Vegas from January 8th to 11th, 2019. The Minister of Science
and Technology, Chen Liang
-Gee,
announce today the success of the Taiwan Tech Arena Pavilion's startups team
during the CES 2019 exhibition and the post-CES
exhibition at Silicon Valley matchmaking event. Companies Awowo, AgriTalk
Technology and GANZIN shared their achievements and substantial results. The 44
Taiwanese technology innovation teams won more than NTD 5.5 billion in business
opportunities, with the attention from 20 international media. It is evident
that Taiwan's technological strength and innovation capabilities were well
received.

 


 Taiwan 44 Startups Reached NT$ 55 Billion Business Opportunity at CES 2019

Taiwanese
Tech Startups to Open Business Opportunities and New Markets with Solid
Technology Background and Innovation


MoST
selected 44 promising startups team in 6 categories: Internet of Things (IoT,
25%), Cyber ??Security & Software (20%), Artificial Intelligence (AI, 18%),
Healthcare (14%), wearables (14%), and Advanced Manufacturing (9%).  There were 8
teams among the 44 teams won the CES 2019 Innovation Awards before the
exhibition, and most of the teams attracted big manufacturers and engaged with
venture capitalists during the CES. 15
teams also participated at the Taiwan Pitch Night and matchmaking event at
Silicon Valley which pitch and connect directly with global venture capitalists.

One of the TTA startup teams Awowo, who developed FreeStyle Drum with a unique WPW
patent technology to replicate a real drum, has replaced
the traditional drumhead with a smaller
enamel film, and reduced the large space occupied by electronic drum kits. The
sensitivity and responsiveness of the FreeStyle Drum are 10-times faster than an electronic drum kit. Joe Liu, CEO of
Awowo, said that through the exhibition, they have signed a million-dollar
order and will soon be announced in Guangzhou Music Festival in February. Being
in music and instruments business for 2 decades, Liu said that it is CES and
the support from the Ministry that traditional industries can explore new business
potential if combining innovative technology application.

Another promising team AgriTalk Technology develops an "AgriTalk Management Platform" that
controls the production of agricultural products with technology.
According
to Professor Wen Liang Chen, founder of AgriTalk Technology, t
he system
integrates sensors to acquire biological and environmental data, regulates
pests, diseases, soil, and fertility. Chen's love of biotechnology and his farm
family background has motived him to look for a total solution for farmers to
not only monitor farmland condition, but also improve crop quality. With the
support from the policy of National Chiao Tung University to promote
cross-disciplinary education and "Taiwan
Startup Institute" (TSI Accelerator) launched by the Ministry, he and his team
founded AgriTalk. During CES, buyers from Dubai, Chile, Canada, India (Mumbai),
the Philippines, Sweden, South Africa, Italy, France, the Netherlands, etc.
negotiated with AgriTalk. The company also won first place in Taiwan Pitch
Night during the post-CES event
; their future business opportunities are estimated to be
more than NT$900 million, and the potential of foreign markets cooperation is
out of Chen's imagination.

Ganzin Technology
also understands more about the global market via CES and the supports from the
Ministry. Ganzin focus on creating the next generation eye tracking modules
that can be easily integrated into AR/VR modules to help unlock the potential
of the eye as a seamless interface into the extended reality world. Over the
last few years, they have re-designed the necessary algorithms for a highly
precise eye-tracking module, the result is Aurora, a dramatically
re-architected eye-tracking solution with a small form factor and minimal power
requirements. Ganzin is one of the teams that participated in CES Unveiled and
was included in the "Best of CES" of Reuters, said Shao-Yi Chien, founder of
Ganzin.

 

Taiwanese
Startups Successfully Attract International Manufacturers with Taiwan Tech
Arena's
Supports


It is the second year, the MoST led startups team to CES. With
the strength of startups' solid technology background and innovative solutions
and the support from Taiwan Tech Arena, Taiwan got exposure in international
media 20 times higher than last year. Other than the 4 CES 2019 Innovation
Award Honorees and shortlisted teams that were invited to participate in CES
2019 Unveiled, Taiwan tech startups also attracted
worldly known corporations in their
own categories, including T-Mobile, Amazon, Apple, Facebook, Coka Cola, Toyota,
etc.

The achievement of CES 2019 and Silicon Valley Post-CES matchmaking
events successfully demonstrated the support by MoST. Via TTA, MoST had invited
local and international accelerators and academic research to provide various
resources for Taiwan startups ecosystem. The platform organized by TTA connects
Taiwan
startup teams to international market. TTA will continue to strives
for global exposure of Taiwan tech startups and technology capability to deepen
Taiwan's key position in the global economy and startup ecosystem.

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