10:29 pm - Sunday July 25, 2021

Taiwan and six Asia-Pacific countries sign the gAsia Pass Digital Entrepreneur Card Initiative Framework

1809 Viewed Sazzad Hossain 0 respond
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The “gAsia Pass Digital Entrepreneur Card” is a first-ever startup resource sharing initiative for APAC entrepreneurs. Taiwan’s National Association of Young Entrepreneurs (NAYE), and the Global Entrepreneurship Network (GEN) have proposed the initiative, which is supported by six GEN Asia countries, including Taiwan, India, Indonesia, Thailand, New Zealand and South Korea. The official International Cooperation Declaration will take place at a press conference at the Taipei International Convention Center (TICC) on September 26, during GEC+ Taipei.

The “gAsia Pass Digital Entrepreneur Card” embodies the Taiwan government’s Southbound Policy to co-develop the APAC region with other Asian governments. Linkou’s Startup Terrace, an initiative by the Small and Medium Enterprise Administration (SMEA) of the Ministry of Economic Affairs (MOEA) to transform the 2017 Taipei Summer Universiade Athlete’s Village into an international startup campus, will serve as the “living lab” for Asian entrepreneurs.

The managing directors of the six GEN Asia member countries signed the gAsia Pass initiative cooperation framework, which was witnessed by government representatives. In addition, Taiwan and India, represented by NAYE and the GEN Asia Executive Committee, signed the first agreement for sharing resource for startups, indicating the first international entrepreneurial platform for APEC entrepreneurs was formally established in Taiwan.

 Jonathan Ortmans, President of GEN; Eugene Cornelius Jr., Senior Advisor to the Office of International Trade, US Small Business Administration (SBA); Anna Roy, NITI Aayog Consultant; Ming-Hsin Kung, Deputy Minister of Economic Affairs; Dr. Ming-Ji Wu, Director General of the Small and Medium Enterprise Administration (SMEA), and MOEA; H.C.Hsu, Chairman of Board of NAYE, were also on hand to express their support.

Jonathan Ortmans, Chairman of GEN, believes that the development of a new, international ecosystem will play a very important role in the future of Taiwan, and will become the most innovative and influential platform in the Asia-Pacific region. Its purpose is to integrate and exchange talent, resources and funds among cooperating nations in the Asia-Pacific region, and to share resources and experience with the core value of transparency. It will help new global teams to firmly anchor themselves in Taiwan while easily reaching international markets.

The MOEA has affirmed that Taiwan’s government is fully committed to fostering startups and small and medium-sized enterprises. The MOEA hopes to use the gAsia Pass’s cross-border cooperation mechanism to create new R&D energy and excitement to develop new industries, including the AI + IoT digital economy. By providing a better entrepreneurial environment, the new platform aims to provide better quality of life, and higher standards of living to both local and international entrepreneurs.

The positive cycle of entrepreneurial resources, talent and opportunities is designed to lead Taiwanese SMEs to escalate their innovation and transformation, raising foreign and domestic investment of NT$30 billion, with a goal of 1,500 international startups.

H.C.Hsu, Chaiman of Board of Taiwan’s NAYE — the organization that won the sponsorship rights to GEC+ Taipei 2018 — noted that his association will play the role of gAsia Pass Executive Secretary in the future, which should help smooth the flow of visas, funds, resources and talent among entrepreneurs in participating countries. In addition to convenience, participating countries will be able to show off their special advantages and strengths, attract new international partners, and easily establish their presence in Taiwan.

Taiwan has always been known for its ICT value chain and its strength in integrating hardware and software. The Linkou Startup Terrace, which opened on September 18 of this year, combines office space, accommodations, rental incentives, and other subsidies to select domestic and international accelerators and startups, and provides one-stop service to assist new entrepreneurs in handling administrative procedures such as visas and company registration. It will be home to the first startup living lab in Asia, while creating an area of two kilometers around the site as an experimental field and test bed for startups to showcase their solutions for the future city. In addition, the site also provides many incentives and subsidies such as free or discounted rent, and one-stop service for foreign startups to set up their companies in Taiwan and apply for visas.        

The “gAsia Pass Digital Entrepreneur Card” initiative is a successful model of public and private partnership. Specifically, the initiative originates from the civil sector, and receives support from the government and the industry.  The initiative will not only create multilateral cross-border cooperation with a pioneering spirit of co-creating the Asia-Pacific entrepreneurial ecosystem, but will also strengthen the entire regional economy.

By integrating new resources and demonstrating Taiwan’s AI + IoT hard power combined with the soft power of Taiwan’s abundant talent, Taiwan is affirmed as a vital partner for promoting global innovation and entrepreneurship. Increased international exchanges with our neighbors in the Asia-Pacific region are the key to promoting regional economic development and prosperity for all participants.

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