The News Lens
By: By Matthew Fulco
Taiwan has bold ambitions for its industrial transformation. One of the central tenets of
that bid is the Asia Silicon Valley Development Plan, which policymakers hope will create a hotbed of technological innovation in the northern Taiwan city of Taoyuan. The plan has two primary objectives, according to Taiwan’s National Development Council (NDC). The first is to make Taiwan a leader in the Internet of Things (IoT) segment, and the second is to build a solid startup and entrepreneurship ecosystem.
Policymakers say Taiwan does not aim to replicate California’s Silicon Valley in Taoyuan, but rather to encourage innovation among local firms. In a statement published on the Taoyuan government’s official website, Mayor Cheng Wen-tsan said that although “Silicon Valley is a unique and non-duplicable entity,” its innovative spirit, willingness to invest in research and development, “exchanges between professionals, and introduction of capital can all be readily adopted.” [FULL STORY]