NTPC-AWS Joint Innovation Center, the first AWS accelerator in Taiwan, just held its 3rd Demo Day at Taipei Far Eastern Telecom Park on July 15th. After 6 months of training, 14 Startups went on stage and gave their pitch, showing their knowledge and innovation in AIoT and Cloud Application, preparing themselves and others for the upcoming 5th generation mobile networks (5G).
Overcoming the Pandemic, One-Third of the Startups Received Fundings
Since joining the training programs of NTPC-AWS JIC, 18 out of 52 startups have successfully received fundings from various enterprises. One of the startups, Rosetta.ai, even got selected as one of the “Top 25 Machine Learning Startups To Watch In 2020” by Forbes. According to Teresa Yang, the chairman of NTPC-AWS JIC, the fact that these startups are able to overcome this year’s pandemic and stand out upon other companies demonstrates their resilience and strength.
In his opening speech, the deputy mayor of New Taipei City Dr. Wu recognized the distinctive qualities of Innovation Center and the startups and said that “The city needs to improve its industrial competitiveness, and the government would love to cooperate with the startups to push for innovative technology and digital transformation.” He also emphasized that the government would continue to utilize the Cloud Technology of AWS, the counseling experience of FCC Partners, the Joint Innovation Center, and government resources to assist Taiwanese companies connect with International Market and strengthen the innovative ecosystem for future startups.
Agreeing with Dr. Wu ,the representative from AWS, Nicolas Vautier (Head of Solution Architect), point outs “Innovation is carved in Amazon’s DNA, we have the ability and resources to help the startups succeed. We are proud to see that Taiwanese startups are able to utilized Amazon Cloud Technology to develop their original, trustworthy, and highly scalable products.” Vautier also believes that with the help from AWS, the New Taipei City Government, and the NTPC-AWS JIC, more startups would be benefited and would be able to validate their commercial values in both national and international markets.
Moving Forwards to 5G Market; Exporting Accomplished Taiwanese Startups
NTPC-AWS JIC is honored to invite Dr. Chee Ching, the General Mangaer of FarEasTone(FET) Telecom, to Demo Day 3 as the guest speaker. Currently, FET has countless cross-border PoC (Proof of Concept) collaboration with different fields, including traditional manufacture, medical industry, retail industry, startups, and the government. Later this year, there would be more PoC cases that could create more business opportunities. In her keynote speech, Chee Ching also brings up that FET has launched VR, 4K, Multi-Angle Video and other innovative 5G services to target the 5G market. FET also welcomes the startups to join FET to provide the customers with more high-quality services.
This year, to assure social distancing, Demo Day 3 limited the number of participants for the on-site event. There were 100 representatives of venture capitals and business elites joined presented at the venue. Due to the limited-seating, NTPC-AWS JIC also set up its first bilingual livestreaming to allow the startups and investors to be able to see these accomplished teams.
CY Huang, the president of FCC Partners, gave some great insights to the startups, suggesting them to “plan higher, broader, and farther” and to “consider the markets and future trends.”
There 14 startups that participated in Demo Day 3: Unblock Analysis, Everduit, Funliday, MeetAgile, Authme, GeoThings, Teletrx, Wish Mobile, SELLERLINX, Rosetta.ai, Interxie, CodingBar, Wholesenses, and SolutionStor.
The biggest prize of the day — The Startup With Most Investment-Potential — went to Unblock Analysis, a company that provides real-time KYC/AML for easy compliance and effective monitoring. Congratulations to Unblock Analysis for winning this award and 100,000 USD fund from FCC Partners!
Besides the first prize, there are two other prizes — The Most Popular Startup and Corporate Partnership Prize. Congratulations to CodingBar for winning both awards, a booth in AWS Taiwan Startup Day, , and 10,000 USD AWS usage-fee and business-collaboration opportunities from Sys-age Tech Inc.
Batch #4 Open for Application: 5G Technology
NTPC-AWS Joint Innovation Center has opened its application for the 4th Training Session. All startups that focuses on Smart Manufacturing, Smart Retail, Smart Healthcare, Smart City & Lifestyle, or any other 5G-related businesses are welcomed to apply! The selected startups would have access to AWS Cloud services, events for market and customer expansion, and also the chance to win funding from FCC Partners. Don’t miss out on these great opportunities and apply before the deadline on 7/31! Link for online application: https://ntpc-awsjic.com.tw/en/apply/