Entrepreneurship In Taiwan Past Present And Future V2.0

Entrepreneurship in Taiwan: Past, Present and Future Bevan Wu BW & Associates [email_address]

Contents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Claim & Disclaim ,[object Object],[object Object]

Three Key Elements for A Successful Entrepreneur

Culture and Entrepreneurship ,[object Object],Risk taking Strong R/D Innovative Prod/Mkt’g Creative R/D Consortiums Entrepreneur Fast, Agile High Rollers?

A Closer Look ,[object Object],The Others Korea The Other Asia-Pacific countries Taiwan China Brussels UK F G Japan

Risk - Creating New Mkt Risk Averse –Expanding Existing Mkt Agile-Speed to the Market Evolutionary-High Quality Taiwan Entrepreneurs and Its Global Status per Bevan Wu TW USA EU Japan

Taiwan Entrepreneur per Bevan Wu ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

An Example: How Come Taiwan LCD Industry Rose So Fast – Asked VDMA Germany ,[object Object],[object Object],[object Object]

The Glorious Past 1986 –2000 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Taiwan Mechanism for Encouraging Entrepreneurship IPR Protection R &D Project Ideas R&D Incubator Centers- ITRI and other 30+ VC Start ups Government Fund Techno-logy Service network Expansion Mezzanine IPO Capital ,[object Object],[object Object],[object Object],Trade Mkt for non-IPO stocks Source: Council for Economic Planning and Development, Taiwan SBIR

Local Companies (71%) Local Individuals (21%) Foreign Companies (7.3%) Others (1% <) Where does the Venture Capital come from ? — Funding Source of Taiwan VCs ( FY 2000) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Capital Formation of Taiwan VC industry (1984-2000) 2000 1995 1900 1985

New Venture Funds Founded per Year (1984-2000) Source: 2000 Taiwan Venture Capital Industry Annual Report 7 Start from 1984 96 97 98 99 The inception of incubator (1996) 1985 1990 1995 2000 46 31 38 28 14 6

Geographic Distribution of VC Firms in Taiwan Over 96% VC funds and over 50% incubators are located in northern Taiwan 164 VCs Taipei city 7 VCs in Taipei County 1 VC in Taoyan 4 VCs in Hsinchu city 5 VCs in Kaoshung city 1 VCs in Kaoshung county

Taiwan VC Portfolio Analysis by investment stages By Project No. ( Total 6343) By Dollars (~$4 B) 45.81% 21.16% 23.87% 7.98% 1.18% 45.32% 21.94% 7.93% 23.84% Expansion Startup Mezzanine Seed Turnaround

Earnings of Taiwan Venture Funds 95 2000 Average (The Earliest Ten VCs) Average (Total) 94 96 97 98 99

Then Comes the Crunch 2000- ,[object Object],[object Object],[object Object],[object Object],[object Object]

Taiwan People and Capital Go West ,[object Object],[object Object],[object Object],[object Object],[object Object]

Taiwan Investment in China Source: Cross-Strait Economic Statistics Monthly - 70.42 3.39 4.81 2004 13.71 65.99 7.70 11.67 2003 12.22 66.61 6.72 10.09 2002 5.61 38.80 2.78 7.18 2001 4.39 33.93 2.61 7.68 2000 2.38 27.71 1.25 4.52 1999 3.47 38.17 2.03 5.33 1998 6.73 59.96 4.33 7.23 1997 2.24 36.21 1.23 3.39 1996 2.27 44.61 1.09 2.45 1995 2.23 37.31 0.96 2.58 1994 8.13 65.61 3.17 4.83 1993 Taiwan Investment in China as share of China Contracted FDI ﹪ Taiwan Investment in China as share of Total Taiwan FDI ﹪ Taiwan Investment in China Taiwan Direct Foreign Investment (FDI) (including China)

No of VC New VC Growth Rate Taiwan VC History 1998 - 2006

$ in M ~1,000 ~500 0 ~500 New Capital Infusion Rate of Increase Taiwan VC Capital History 1998 - 2006

Taiwan VC Investments -2006 Electronics Traditional Mfg Semiconductor Optoelectronics Biotechnology IT Precision Machinery

Future Challenges to Taiwan Entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object]

Example:Wii Almost ,[object Object],[object Object],[object Object],[object Object],[object Object]

The Future is Bright if…. ,[object Object],[object Object],[object Object]

The Win-Win Combination ,[object Object],EU Asia-Pacific Taiwan

Thank You For Your Attention Bevan Wu [email_address]

Entrepreneurship In Taiwan Past Present And Future V2.0

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