Ministry of Science and Technology (MOST) will select 80 local startup teams for them to present their innovations at Eureka Park, a global stage for innovation, CES 2020 to take place in Las Vegas, the US, during January 7-10, according to industry sources.
Science minister Chen Liang-gee has been making a lot of efforts grooming Taiwan's startups, a clear example being his ministry's arrangement of a large delegation to Eureka Park at CES 2019. Taiwan has also been keen to promote its own edition of startup showcase, InnoVEX. Ahead of the annual event, which takes place in Taipei from May 29 to 31 this year, Chen talked about Taiwan's plans and visions for promoting its innovations and startup teams.
Featuring exhibits of innovations by startup companies from all over the world, Eureka Park was the most eye-catching exhibit area of CES 2019. Many of those companies were gathered inside national pavilions and their exhibits were flavored with a cultural touch, making the presentations dazzling and lively. However, behind the display of cultures was a competition in terms of capital, talent and technological strength.
A team of 44 startups showcasing their innovations at CES 2019 have managed to win more than NT$5.5 billion (US$178.44 million) in business opportunity, according to science and technology minister Chen Liang-Gee.
Artificial intelligence (AI) development is no longer something only big players can do and has exploded in recent years with all firms big and small taking the initiative to incorporate AI in their products. AI applications are the focus of attention of the startup community. CES 2019 Eureka Park shed light on the prevailing trend of AI-powered technologies.
AR/VR, smart home and healthcare were the three popular exhibition themes at CES 2019 Eureka Park with about 10% of the exhibitors being AR/VR developers. In terms of nationalities, French AR/VR startups made up the largest team, surpassing the US, followed by the Netherlands and Korea.
Widespread adoption of voice assistants such as Google Assistant and Amazon Alexa is spurring burgeoning growth of IoT devices, which were on exhibit throughout the show floors of CES 2019. Transitioning from developing products independently, firms are now introducing products that work in connection with surrounding devices. This is augmenting the synergy of IoT developments and enriching the use scenarios and functionalities of IoT devices.
Taiwan startup Ganzin Technology is showcasing at CES 2019 its newly developed Aurora eye tracking modules that can be paired with VR and AR for diverse applications, according to the firm's chief operating officer JY Chueh.
The 32 Taiwan startups that showcased products and services at CES 2018 in January attracted 43,211 visitors and held 2,402 business talks with venture capital firms with potential funding and purchases estimated at US$47.62 million and US$604,000 respectively, according to the Ministry of Science and Technology (MOST).