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Taipei Delegation Visit
SVCA - Department of Investment Services, Ministry of Economic Affairs Meeting
On 22 August 2017, the SVCA met with a delegation led by Taiwan’s Department of Investment Services which is a part of Taiwan’s Ministry of Economic Affairs. The Taiwanese delegation was headed by David Wang, Director-General of the Department of Investment Services, Ministry of Economic Affairs.
Pictured: SVCA delegates led by Dr. Lanyi (third from right) with representatives of the Taiwanese delegation, David Wang (second from right) and Eugene Chen (right).
The delegation presented to the gathered members of SVCA the strengths of Taiwan’s economy and the 5+2 Industrial Innovation Plan, which aims to develop a Taiwanese ‘Asia Silicon Valley’, in the areas of biotechnology, green energy, smart machinery, defense, new agriculture, circular economy, digital economy, cultural innovation, and semiconductor sectors. Supporting this push by the Taiwanese government is its Industrial Innovation and Transformation Fund, worth NT100 billion, aimed to stimulate investment into Taiwan’s private sector investments and to promote innovation and transformation of Taiwan’s industries.
Dr. Lanyi welcomed the delegation and shared about Singapore’s position as a hub for venture capital and private equity in Southeast Asia and SVCA’s role in supporting this drive. The meeting between the Taiwanese delegation and the SVCA committee members was filled with informative exchanges about the value both organizations can bring to one another. One topic brought up was the bilateral opportunities to invest in both Singapore and Taiwan. Representatives of the Taiwanese delegation also mentioned the possibility of matchmaking investors and firms looking for investment into Taiwan.