NSTC and IFA Launch Startup Competition in Berlin, Sept 2024
- Taiwan's NSTC announced a startup competition during a press conference in Berlin on September 5, 2024.
- The competition focuses on corporate-driven innovation challenges in AI, inviting global startups to propose solutions leveraging Taiwan's supply chain.
- This initiative aims to enhance international collaboration and advance Taiwan's vision of becoming an AI island.
On September 5, 2024, Taiwan's National Science and Technology Council (NSTC) held a press conference in Berlin, coinciding with the IFA 2024, Europe's largest consumer electronics exhibition. Minister Wu Cheng-wen announced a startup competition aimed at fostering global collaboration in the AI sector. This initiative aligns with Taiwan's ambition to become an AI island, emphasizing the importance of international partnerships in technology and innovation. The competition, themed "Unveiling the Mysteries of AI," invites global startups to address corporate-driven innovation challenges based on the needs of Taiwanese enterprises. This approach leverages Taiwan's strong supply chain to facilitate the introduction of new products and services to the market. The NSTC's participation in IFA marks a significant step in enhancing Taiwan's role in the global AI landscape. Minister Wu highlighted the significance of the Science and Technology Cooperation Agreement signed between Taiwan and Germany, which was the first of its kind between Taiwan and a European nation. This agreement underscores Taiwan's commitment to international collaboration and its contributions to the global economy, particularly through its semiconductor industry. The NSTC's startup competition has garnered global interest, with five startups selected to advance to the event on September 7. This initiative not only aims to stimulate innovation but also reinforces Taiwan's vision of becoming a leader in the AI industry, fostering diversity and growth in the startup ecosystem.