Focus Taiwan
Date: 2018/05/29
By: Pan Tzi-yu and Evelyn Kao
Taipei, May 29 (CNA) Gogoro Inc., a Taiwan-based electric scooter company, is likely to
CNA file photo
become Taiwan’s first unicorn startup and expand its operations into overseas markets, National Development Council (NDC) deputy chief Chiou Jiunn-rong (邱俊榮) said Tuesday.
A unicorn is a privately owned startup that has usually been in business for fewer than 10 years but has an estimated market value of over US$1 billion.
Earlier this year, the government launched a plan to improve the investment environment for Taiwanese startups and promised to help incubate the first unicorn business in two years and at least three others in the next six years.
Taiwan has about four companies with the potential to become unicorn startups, and Gogoro, which was founded in 2011, will likely be the first to hit the target in the country, Chiou said. [FULL STORY]
