Supply chain
TTA startups win significant business opportunities at CES 2020, says MOST
Mark Tsai, Taipei; Rodney Chan, DIGITIMES

Taiwan's startup delegation to CES 2020 has won business opportunities of more than US$226 million during their stay in the US, according to the Ministry of Science and Technoilogy (MOST).

The 82 Taiwan Tech Arena (TTA) teams caught much attention from venture capital and internaitonal companies, MOST said.

"This is the 3rd year for TTA to participate in CES. We started form 32 startups with NT$3.2 billion business opportunities in 2018, 44 startups with NT$5.5 billion business opportunities in 2019, and 82 startups with NT$7 billion business opportunities in 2020," said MOST minister Chen Liang-Gee. "It shows that after long-term cultivation by the government, Taiwan's startups have gradually transformed from regional and small markets to global market deployment."

He said Taiwanese startups now understand more about CES after three years of participation, successfully linking with global industries, seeking business opportunities and enhancing the quality of the products and services.

Among the achievements obtained by TTA at CES 2020, Yallvend has won the orders to deploy smart vending machines at venues of the 2020 Tokyo Olympics; YoKai Express has obtained orders for ramen machines from San Francisco Airport; and FaceHeart has been invited by Sony to jointly develop new products for healthcare, according to MOST.

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