Chung Yuan Christian University plans to lead delegation of Taiwanese startups eyeing Australian market

TAIPEI,June 3,2019 -- The Innovation & Incubation Center (IAIC),an arm of the Executive Operation Office for Industry-Academia Cooperation at Chung Yuan Christian University (CYCU) hosted the International Venture Capital Investment Match event on May 27,2019. Over 10 international venture capital (VC) companies attended the event at which they signed deals involving investment in the aggregate estimated at over US$2 million. With the support of IAIC,Micro PC,Genvolution Inc. and Bluebeard Studio established partnerships with international VC firms,including Australia's Gnew Pty Ltd and New Zealand's CKJ Trading Limited at the event.

Over 40 Taiwanese startups and international venture capital companies attended the event

"Micro PC's technology that can reduce water pollution and eliminate plastic particles and Genvolution Inc.'s application for microbial decomposition of kitchen waste are the highlights of the event that appealed to participating Australian investors the most. In line with the Australian government's focus on challenges related to environmental protection,both companies can address some of the world's most pressing environmental issues," said James Huang,the representative from Gnew Pty Ltd. "In addition,Bluebeard Studio showcased its intelligent Internet of Things-based temperature-controlled cups and bowls,a concept that is seen as having great market potential as they can effectively address the challenge of keeping food warm during the Australian winter."

IAIC has been committed to assisting Taiwanese startups in receiving investment and establishing horizontal partnerships. During the event,Australian investors gained a better understanding of the strength behind many of Taiwan's startups. IAIC also plans to visit Australia along with a delegation of Taiwanese startups between June 16 and 22,2019,during which the delegation will have the opportunity to engage in trade exchanges with local companies and gain a better understanding of the current entrepreneurial and investment environment in Australia,with the aim of helping Taiwanese startups expand into international markets.

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