2025-08-13
Speaking at the 2025 Taiwan Venture Capital Summit Aug. 12, President Lai Ching-te said that the government is committed to promoting entrepreneurship to drive the local economy and benefit citizens.
According to the president, a vibrant startup sector is key to enhancing national competitiveness and economy. The government has implemented measures to support local startups including personnel cultivation, finance injection, regulatory easing and global recruitment, especially in the artificial intelligence and defense sectors, he said.
In particular, Lai said the National Development Fund has earmarked NT$5 billion (US$166.67 million) for its Startup Island Taiwan initiative, which has invested NT$4.04 billion in 291 local firms as of June this year and brought about NT$16.44 billion in investment, while more than 115,000 loan applications totaling NT$96.7 billion have been approved from August 2022 to June 2025, he added.
The president praised local tertiary institutions and the private sector for setting up business incubators to help aspiring entrepreneurs to cost-efficiently create their own businesses. Lai said that under the Act for the Recruitment and Employment of Foreign Professionals, the government has issued more than 13,000 employment gold cards to international professionals as it continues to expand Taiwan’s personnel resources.
The president also cited the Taiwan Innovation Board, launched by the Taiwan Stock Exchange in 2021, as another key measure that assists startups. Twenty enterprises have been listed in the new stock platform as of June, Lai said, and he expects the number to top 40 in the next two years, anticipating that the platform will take on a role as the “NASDAQ of Asia.”
Source： Office of the President Republic of China(Taiwan)
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