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Tuesday 7 January 2020
Taiwan startups hold pre-show in Silicon Valley ahead of CES
Taiwan Tech Arena (TTA) organized a warm-up show ahead of CES 2020, showcasing some of the best innovations of its team of startups in 2020 Taiwan Demo Day in Silicon Valley.A total of 28 TTA startups demonstrated their innovations and 15 local Taiwanese investors and mentors wee invited to practice in mentor talks to the startups, according to the Ministry of Science and Technology (MOST), which organized the Taiwan startup delegation to CES.During the Demo Day, TTA invited its important partners in Silicon Valley, reviewing the impacts and opportunities that Taiwan tech startups can make to and from the world. Its matchmaking event also invited Vic Kapur (SAP.io), Michael Crane (AWS IoT), Paul Ark (Digital Ventures), Anders de Jounge (The Financial West Group), and John Doricko (SiCamore Semi, LLC - Silicon Power Corporation), sharing views from investors, said MOST.Yu-Chin Hsu, deputy minister of MOST, indicated that the 28 TTA startups attending 2020 Taiwan Demo Day demonstrated solutions in med-tech, cyber security, smart city and others. Some of them have been awarded by CES in advance, Hsu saidMOST has contributed to and connect the Taiwan startups and global resources. Since its launch in June 2018, TTA has built partnerships with more than 60 global startups ecosystem enablers and supported more than 200 startups. TTA also aims to foster startups' ability to access global markets.
Tuesday 7 January 2020
Global demand for medical display devices growing steadily, says Digitimes Research
Global shipments of medical display devices have been expanding at an annual rate of about 5% in recent years, driven by demand for upgrades in display products that has come along with the emerging trend of smart medical care and IoT connectivity, Digitimes Research has found.Global shipments of medical displays are projected to reach 2.55 million units in 2019, with patient monitoring displays accounting for 64% of total unit shipments. In terms of sales value, diagnostic displays accounted for the highest portion of 46%.Belgium-based Barco has been a major vendor in the segment with its medical display revenues and related gross margin rising year on year thanks to its offerings of large-size, high-resolution models and its ability to cope with the ongoing trend for digitalization and connectivity in operating rooms.The bulk of patient monitors, which are used to gauge patient's pulse, blood pressure and other physiological parameters, come in sizes ranging from 8-12 inches, with their specifications much lower than those for surgical and diagnostic applications. China-based Mindray, a specialist for patient monitor displays and ultrasound image display devices, has seen its revenues continue growing at an annual rate of over 20% in the past three years.In light of rising popularity of displaying medical images in 4K, 8K and 3D formats, demand for medical display devices with larger sizes, higher resolutions and higher specifications (brighter, more contrast, and deeper red functionality) will keep growing, Digitimes Research believes.
Tuesday 7 January 2020
Taiwan stepping up development for biotech sector
The tech-savvy Taiwan is targeting biotechnology as its next major industry sector. According to government figures, Taiwan's biotech sector's output already reached NT$500 billion (US$16.64 billion) in value in 2019.Thanks to government policy and regulation support, 123 biotechnology enterprises have been listed, worth about NT$800 billion in total market value, said Howard Lee, partner for venture capital firm CID Group at a recent forum jointly hosted by PricewaterhouseCoopers (PwC) Taiwan and Taiwan Bio Industry Organization (TBIO) on Taiwan's biotechnology industry development.As part of infrastructure construction,the Act for the Development of Biotech and New Pharmaceuticals Industry has been conducive to integration of experts, regulations, capital and other resources to form a sound biotechnology ecosystem in Taiwan, said Ho Mei-yueh, national policy advisor to the president.Tien Wei-cheng, former TBIO chairman and former CEO for Development Center for Biotechnology for 15 years, indicated that the center, through linking upstream and downstream biotechnology companies, has helped upgrade Taiwan's biotechnology industry from food manufacturing and processing of agricultural products originally to R&D and production of new pharmaceuticals, medical devices and innovative biotechnological products, almost all being internationally competitive.Taiwan-based biotechnology startups have to choose items with international market potential and thoroughly plan for patent application and third-party validation in the R&D stage and capitalize on venture capital investment to commercialize R&D results in the fund-raising stage, said BioGate Precision Medicine CEO Jeff Wang.Taiwan-based startups should balance between benefits from innovations and feedback to venture capital investors to keep attracting funds to sustain continued innovation, Apollo Medical Optics co-founder Allen Lin noted.In view of Taiwan's advantage in matching imaging medicine with electronics technology and international trend in development of digital medicine, Yourator was founded in 2015 to develop a machine leaning-based solution of interpreting pathological images for assisting diagnoses, company founder and CEO Joe Yeh indicated.For Taiwan-based startups planning to raise funds abroad, the success hinges on whether they choose R&D subjects that coincide with international trends, said Eric Yang, vice president of Quark Biosciences. Quark, in view of fast growing big data analysis and awareness of health, focuses on the subject of precision medical treatment, Yang indicated.Five Taiwan-based biotech startup companies raised NT$2.7 billion in total at IPO in 2019, decreasing 6.9% on year, according to Audrey Tseng, deputy chairwoman for PwC Taiwan.Biotechnology startup companies should make 3- to 5-year financial plans to raise funds when the business environment is the most favorable and corporate operation is optimal, said Lin Rong-jin, chaiman for Center Ventures.Since the IPO costs in the US and Hong Kong are as high as US$7-10 million, it may not be feasible for Taiwan-based biotech startups to raise funds abroad, Lin said. Also important is that such startup companies should evaluate marketability by considering time-to-market and time-to-peak sales, Lin indicated.Speakers at a biotech forum jointly held by PwC Taiwan and TBIOPhoto: Digitimes, January 2020
Tuesday 7 January 2020
Yilan aspires to become high-tech, biomedical hub
Yilan, with fascinating sceneries of mountains, rivers and hot springs, is not satisfied with just being a tourists' favorite destination; it is transforming itself, upgrading from the tourism-generated economy to a living economy that emphasizes the "sixth-industry (cross-industry cooperation), cultural and creative industries, and high-tech industries (VR and drones).The northeastern county, which is just about an hour's drive from Taipei via the National Freeway No. 5, is building the country's third-generation science park. It has its own county-owned museum and is promoting experimental education.Increasing investments from high-tech sectorsYilan Science Park is located between Yilan County's government hall and Yilan Sports Park, along Zhongshan Road Sec.1, the artery across Yilan City (the main city of the county), making it easy to access the science park. Many corporations have set offices due to convenient transport connections, such as Innodisk Co and Omnio Calibration Lab Co.In addition, in the park's neighborhood stands the Cheng-Nam campus of National Yilan University (NIU), which makes a geat drone-testing area without any no-flight zone. Recently, NIU has set up a drone office and received the greenlight to become a test center by Civil Aeronautics Administration of Ministry of Transportation and Communications (MOTC). It will boost the park chances of bringing in more investments from drone-related industries.Clusters of biomedical industriesYilan has high environmental awareness, allowing it to maintain its natural sceneries and prevent its water resources from pulltion - conditions that are ideal for biomedical, healthcare and eldercare industries. Sinphar Group, Kingcar Biotech Co and Bioteque Medical Inc are the three major local biomedical companies that operate there. In fact, more than 40 biomedical companies have chosen Yilan as their base of their business, setting up respective operations at Yilan Science Park, Loung-Te Industrial Park and Le-Tzer Industrial Park.Recently, the central government has allocated a NT$30 billion (US$1 billion) budget to build a Biomedical Science Park is near Yilan City's railway station. This big budget will accelerate the growth of the industrial clusters of biomedical industries in Yilan.Freeway No. 5 links businesses in Yilan with TaipeiNational Freeway No. 5 begins in Taipei City at Nangang Junction on National Freeway No. 3 and ends in Suao, Yilan. Traveling from Taipei's Nangang, Neihu and Xizhi districts to Yilan Plain takes only about an hour. Besides, the average land cost in Yilan is only a quarter of that in Nangang, Neihu and Xizhi.Not only companies have selected Yilan as their business bases; many people have also chosen to live in Yilan and commute to work in Taipei. More and more companies and people will tend to make the same choices and the MOTC is planning to extend the Taiwan High Speed Rail system to Yilan.The Yilan County Government is going to host "Invest In Yilan" event on Jun 15, 2020, at Taipei's Songshan Cultural and Creative Park. The details of investment information will be released at the event.Yilan is transforming its economyPhoto: Yilan County Government
Monday 6 January 2020
Highlights of the day: Nintendo to start volume production for new Switch in 1Q20
Nintendo launched Switch Lite with friendlier pricing in late September and signifcant increaes in its overall Swtich console sales in the three-month period ended September 30, 2019. Now the Japanese vendor is reportedly planning to launch a new Switch model in mid-2020, qwith volume production for the new device beginning in first-quarter of this year. In China, chipmakers have been keen on developing high-performance AI chips and high-end CPUs, which will prompt suppliers to expand their ABF substrate production capacity to meet their needs. In Taiwan, startup team BeVi, is ready to showcase at CES 2020 its CarePLUS, a 360-degree AI-based environment recognition system for eldercare.Nintendo new Switch to enter mass production in 1Q20: Nintendo is reportedly planning to release in mid-2020 a new model of Switch, which will begin volume production at the end of first-quarter 2020, according to sources from the related upstream supply chain.China AI chip development to spur ABF substrate capacity expansion: Taiwan IC substrate makers will have no time to lose in expanding their ABF substrate capacities as demand for such substrates will grow substantially in 2020 and beyond along with Chinese chipmakers revving up in-house development of high performance computing (HPC) AI chips and high-end CPUs, in addition to robust demand for 5G applications, according to industry sources.BeVi introduces 360-degree AI-based environment recognition system for eldercare: To bring the conveniences made possible by today's network communication technologies to the elderly population, Taiwan-based startup team BeVi has developed CarePLUS, a smart home living solution combining 360-degree AI-based environment recognition technologies and an integrated service platform.
Monday 6 January 2020
BeVi introduces 360-degree AI-based environment recognition system for eldercare
To bring the conveniences made possible by today's network communication technologies to the elderly population, Taiwan-based startup team BeVi has developed CarePLUS, a smart home living solution combining 360-degree AI-based environment recognition technologies and an integrated service platform.CarePLUS, using AI-based analysis on elderly users' routine activities at home, can gain an in-depth understanding of their daily needs and behavior patterns and thereby provide active assistance to help them order meals, tickets, rides online and even prevent accidents at home. CarePLUS helps build a safe and smart home environment for elders to enjoy life, according to BeVI, founded by Vision Science Lab (VSLAB) of the Department of Electrical Engineering at National Tsing Hua University.Currently undergoing seed round funding, BeVi plans to establish a company in the first quarter of 2020. The BeVi team has been chosen by the Ministry of Science and Technology (MOST) to present its achievement at the Taiwan Tech Arena (TTA) at CES 2020. Being one of the few academic research teams that have been selected this time is an indication of the enormous commercial value BeVi's innovative solution will bring, according to the team.The US is a developed country that attaches great importance to elderly services, and by participating at CES 2020, BeVi hopes to expand into North American markets.Three main technological advantages of CarePLUSBeVi CEO Cheng-Zhan Lin pointed out the three technological advantages of CarePLUS. First, it uses 360-degree AI-based environment recognition technologies which automatically encrypt the data for privacy protection without compromising AI performance. Second, it uses deep learning algorithms to identify and track the elderly user's routine activities at home and interacts with the user through smart speakers. With enhanced AI learning and modeling capabilities for environment recognition, CarePLUS can quickly build up a model of the user's surroundings. Third, featuring identification and analysis on user behavior, CarePLUS can create a complete summary report of the user's daily routine three days after installation for reference by the elderly user's children or caregiver to provide more personalized services.BeVi CTO Hou-Ning Hu added that BeVi opted for high-performance processors and AI chips when designing CarePLUS from scratch. The aim is to enable simultaneous computation of multiple neural networks for activity recognition, object detection, object segmentation and speech processing so that CarePLUS can run like a powerful computer. With 360-degree AI-based environment recognition and voice interaction, CarePLUS can have a clear picture of the indoor surroundings and deliver effective care.Lin takes two daily life scenarios for example to illustrate CarePLUS's strength over other caregiving systems on the market. Elderly people often miss meals because they don't feel hungry. However, not eating at regular times may result in lack of energy, weak immune system or even illness. CarePLUS can analyze the elderly user's daily activities and create a report by identifying certain gestures and characteristics. If it finds the user has missed a meal, CarePLUS can automatically issue an alert and log the event in the activity report.Moreover, caregiving systems on the market generally have difficulty discerning whether the subject is picking up something, mopping the floor or actually falling down and may thus give a wrong response. On the other hand, when CarePLUS finds the user is down on the floor, it will first issue a voice inquiry asking, "Do you need help?" Then, it will react according to the user's response, engaging in more real-life and human-like interactions.Building up a high barrier with an edge in technology and applicationIt is very simple to install CarePLUS at home. First, find an ideal spot at home from which CarePLUS's 360-degree AI-based environment recognition can work at its best. Then, install a CarePLUS device on the ceiling in the living room and connect it to the network and the app.BeVi said it has built up a high barrier with an edge in technology and application for CarePLUS. Lin thinks there are a lot of integrated platforms being developed and the market will see more and more such integrated services over the next two years. By presenting CarePLUS at CES 2020 ahead of other solutions, BeVi hopes to increase the user base and accelerate market expansion and growth.The BeVi teamPhoto: Digitimes staff, December 2019
Friday 3 January 2020
Highlights of the day: TSMC 5nm process on track
TSMC is expected to have another strong year in 2020, driven by demand for its advanced manufacturing processes, including the 5nm node that is on course to start volume production in the first half of the year. And the Taiwan-based foundry house has also obtained orders for making Intel's automotive AI chips, whose production will also involve KYEC's testing services. For the memory market, although it is heading towards recovery in 2020, a recent glitch - disrupted production at a Samsung plant due to a brief power outage earlier this week - has promised to destabilize short-term pricing and supply.TSMC to post at least 15% revenue growth in 2020: TSMC is forecast to enjoy revenue growth of at least 15% in 2020, driven by robust 7nm chip sales and sales generated from its newer 5nm process node, according to industry sources.TSMC, KYEC reportedly grab orders for automotive AI chips from Intel: Foundry house TSMC and testing house KYEC have both obtained orders for automotive AI chips from Intel, with the orders set to generate revenues starting the second half of 2020, according to industry sources.Power outage at Samsung fab to affect memory spot prices: A brief power outage that took place recently at Samsung Electronics' production base in Hwaseong will have a short-term impact on the memory spot market prices, industry sources believe.
Friday 3 January 2020
Blockchain-based time banking for care of elderly people
Time Banking Cloud Services has introduced a blockchain-based cloud computing-based time banking platform to enourage enterprises' and non-profit organizations' volunteers to offer help for elderly people, according to company general manager CJ Lin.Volunteers from enterprises and non-profit organizations can obtain time coins through the cloud computing-based banking mechanism for giving care services, and they can use the coins to ask for care services in the future, equivalent to future return on time investment at present, Lin explained. The platform keeps accurate and fair blockchain records of every volunteer providing services, Lin said.Currently, enterprises include insurance companies and non-profit organizations include governments' social welfare organizations, Lin said. Time Banking provides training in elderly people's care and related consulting for volunteers, Lin noted. For every enterprise or non-profit organization, the company monthly charges NT$2 (US$0.066) per time coin it issues, but exempts the charge if fewer than 5,000 time coins are issued in a month, Lin indicated.Time Banking Cloud Services general manager CJ LinPhoto: Mark Tsai, Digitimes, January 2020
Friday 3 January 2020
Lessdo introduces home soap maker
With the launch of the world's first smart home soap maker Soapmaker 1.0, Taiwan-based Lessdo raised over NT$1 million (US$33,275) on the first day its crowdfunding campaign went online in May 2019 and later accumulated more than NT$3 million during the funding period.The Lessdo team has been chosen by the Ministry of Science and Technology (MOST) to present its product at the Taiwan Tech Arena (TTA) at CES 2020.Soapmaker mixes soap in six minutesLessdo CEO Jun-Jie Li came up with the idea of developing a soap maker - inspired by a colleague's problem. This colleague had been suffering from chronic skin conditions and spending a fortune buying handmade soap for nine years. He wanted to make his own soap but it was not easy to figure out the correct proportions of ingredients. The process is time-consuming and error-prone. The ingredients are often sold in bulk and do not have a long shelf life. Also, there is no guarantee on the origin and quality of handmade soap on the market. Lessdo was born to address these pain points - a startup now comprising eight people.Their soap-making machine sticking to the principle of "one-button operation." But being simple is not easy. The ability to simplify the 20-some steps of soap making is the most eye-catching feature of Lessdo's Soapmaker. It is built with a 10,000 rpm motor module, 304 stainless steel stirrer and smart thickness sensor."Traditional soap making by hand is time-consuming. The process relies on the person's experience and feel. The tools they use may not comply with fluid mechanics design principles and may fail to achieve uniform mixing. With LESSDO's soap maker, it only takes six minutes to mix the soap batter," noted Shih-Chang Chang, a member of the startup.Chang added, "Making soap is not like cooking. When you make something too salty or too sweet, people can still eat it. Controlling the saponification reaction is at the heart of soap making."To verify the result of soap mixing by machine, Lessdo has repeatedly invited master soap makers for comparisons. Aside from designing the device, Lessdo additionally offers 54 combinations of ingredient packs, allowing users with no prior soap making experience to get started effortlessly. All they need to do is pour the pre-measured ingredient pack and clay powder into the cup and press the button at the top of Soapmaker. After the mixing step is completed, blend in the provided essence oil, using the stirrer for uniform mixing. Pour the soap batter into the mold. Set it aside for two days. Then, unmold and let it cure for five more days before use.Soapmaker can produce three bars of 100g soap at a time. Furthermore, making soap into a spherical shape adheres to the "form follows function" principle and can better prevent glycerin rivers compared to making it into a cuboid shape. This is why Lessdo's Soapmaker comes with a spherical mold.Expanding internationally to create a blue ocean marketDriving smart living forward, Lessdo will continue to optimize Soapmaker's technology and design, said Chang. The next generation product will incorporate Bluetooth communication and smartphone app to allow users to build a soap making database through Bluetooth connection between their smartphone and Soapmaker. In addition to handmade body soap, Lessdo will also develop soap ingredient packs for face, hair, and even home cleaning.Lessdo's marketing plan for the first half of 2020 will focus on the domestic market. It looks to build up brand image and customer loyalty through self-media and word-of-mouth advertising and thereby increase online repurchase. It will also try to expand into the giveaway market and explore co-branding opportunities to grow brand awareness. For the second half of 2020, following the participation at CES 2020, Lessdo will undertake a round of funding on American crowdfunding platforms such as Indiegogo in hopes of replicating its success in Taiwan.The long-term goal is to establish presence in the US, Europe, Japan and other international markets.Lessdo's SoapmakerPhoto: Digitimes staff, December 2019
Friday 3 January 2020
Acusense looking to digitally transform medical care industry
Acusense Biomedical is looking to digitally transform Taiwan's medical care industry with AI, medical IoT architectures and sensor systems, said company CEO Kuanyu Chen.The Taiwan-based startup is currently developing systems that can detect fluid leakage and estimate low blood pressure, and a smart tourniquet. Acusense is also working with a Singapore-based partner to develop home-use medical care equipment for cancer patients, Chen noted.At the moment, Acusense is in talks with several hospitals in Taiwan about technical cooperation and has applied for clinical trials for its leak detection and low blood pressure estimation technologies, Chen said.Acusense CEO Kuanyu ChenPhoto: Mark Tsai, Digitimes, December 2019