Taiwan microenterprises are poised to get more help from the government. Premier Jiang Yi-huah has urged government agencies to work together to help these businesses reach their ideals and goals at the January 3 launch ceremony for the Go Incubation Board for Startup and Acceleration Firms (GISA).
According to Jiang, there are about half a million small and medium-sized enterprises with
capital of NT$1 million to NT$50 million (US$33,557 to US$1.68 million)
in Taiwan today, accounting for 82 percent of all companies in
“This startup board
represents a significant breakthrough in the government’s economic
policy as it will help microenterprises raise the capital they need to
develop into viable businesses,” said Jiang.
The Executive Yuan has also pooled together resources for microenterprises, including the National Development Fund
managed by the Council for Economic Planning and Development and the
startup board set up by the Financial Supervisory Commission (FSC).
The 19 startups listed on the GISA board
include tech companies as well as cultural
creativity companies, agricultural businesses, fishery and livestock
companies, biomedical firms and social enterprises.