Your web browser does not support JavaScript, but it does not affect browsing through the rest of the web site.

Launch of Taiwan Rapid Innovation Prototyping League for Entrepreneurs (TRIPLE) to help realize the dreams of entrepreneurs

Font size:
Small
Medium
Large

Launch of Taiwan Rapid Innovation Prototyping League for Entrepreneurs (TRIPLE) to help realize the dreams of entrepreneurs

The Taiwan Rapid Innovation Prototyping League for Entrepreneurs (TRIPLE) was formally launched on March 30, 2015. At a press conference to mark the event, Premier Chi-Kuo Mao stated that TRIPLE seeks to become a partner to entrepreneurs across the world and help in making their dreams come true. By also introducing the strengths of Taiwan's supply chain in manufacturing processes and the integration of hardware and software, TRIPLE will help to rapidly turn creative ideas into actual products. This will both add value to new ventures and Taiwan's overall manufacturing sector. Premier Mao expressed his hope that TRIPLE will become a platform for global entrepreneurs in achieving their production dreams, while also enabling Taiwan to become a beachhead for new ventures.

In remarks, Premier Mao commented that the founding of TRIPLE is one of the key objectives of a governmental innovation and entrepreneurship task force for 2015, and is an important move in paving the way for Taiwan to become an international hub for innovation and entrepreneurship. Besides TRIPLE, the government in June will establish the Taiwan Innovation and Entrepreneurship Center in the Silicon Valley. These two units will cooperate in attracting potential new ventures from across the world to Taiwan, while also tapping into Taiwan's strengths in software and hardware, as well as its advanced production capabilities. Taiwan's systems integration and ODM companies will also be introduced, thereby helping to turn the ideas and dreams of startups into tangible products.

Representatives from the industrial, academic and government sectors, along with young entrepreneurs, attend the press conference in a show of support for the founding of TRIPLE.
Representatives from the industrial, academic and government sectors, along with young entrepreneurs, attend the press conference in a show of support for the founding of TRIPLE.

Premier Mao furthermore explained that in addition to assisting in the creation of new ventures, TRIPLE will attract international startups to Taiwan, which will inject new vitality into Taiwan's manufacturing sector and help young people find new paths to pursue. Consequently, Taiwan will become a rapid accelerator in adding value to innovation from throughout the world, while also forming a high-value ecosystem within Taiwan's supply chain featuring the integration of hardware and software.

Vice Minister of Economic Affairs Jong-Chin Shen remarked that the government hopes the establishment of TRIPLE will enable Taiwan and the Silicon Valley to together promote changes in industry. Taiwan industry will be able to participate in founding or preliminary investment as new markets and new technologies take root, thus assisting entrepreneurial teams and venture capitalists to rapidly assess the feasibility of commercialization. TRIPLE, he said, will not only service Silicon Valley projects discovered by the Taiwan Innovation and Entrepreneurship Center, but also will assist enthusiastic Taiwan-based new ventures exhibiting potential in accessing manufacturing, R&D, and design specialists here. This will turn innovation into concrete business opportunities.

At this stage, TRIPLE will focus on providing services to five main industries that are at the forefront of the current wave of innovation, namely wearable devices, the Internet of Things, advanced manufacturing, advanced medical devices, and advanced materials. TRIPLE has already selected advanced manufacturing as one of 17 emerging technologies that it will emphasize, and it will offer 76 pilot production lines that feature the strengths of Taiwan in manufacturing, R&D, and design. This will provide domestic and foreign entrepreneurial teams with prototyping services and allow Taiwan to gain a foothold in the global market for these services.