The News Lens
Date: 2017/09/06
By: By Matthew Fulco

Taiwan has bold ambitions for its industrial transformation. One of the central tenets of

Will the next Silicon Valley be in Taoyuan?

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]