Taiwan has opened the Startup Island Taiwan Silicon Valley Hub, signaling its commitment to connecting its innovation ecosystem with global resources.

Minister Liu Chin-ching witnessed the signing of an MOU between the hub and Berkeley SkyDeck Accelerator to strengthen ties between Taiwan and Silicon Valley startups.

Taiwan’s government allocated US$4.56 billion over four years to boost its startup ecosystem, focusing on research, industry partnerships, and global competitiveness.

With 10,000 active startups and record-breaking US$2.8 billion fundraising in 2023, Taiwan continues to thrive despite global economic challenges.

The Silicon Valley Hub aims to foster collaboration through co-working spaces, training, and networking, creating a bridge between Taiwan and global entrepreneurial communities.