City News
Date : 2024-10-17 Source : New Taipei City Government
New Taipei Youth Department Leads Teams in Exchange with Austria’s Official Accelerator, Opening International Horizons for New Taipei Startups
On the 7th October, the New Taipei City Government Youth Department, along with several local startups, hosted seven Austrian tech startup teams at “InnoSquare” in Sanchong, led by the Austrian Commercial Office, for an international exchange. Both sides had in-depth discussions in fields such as artificial intelligence, renewable energy, and smart cities. They explored potential cooperation between European entrepreneurs setting up in Taiwan and Taiwanese teams expanding into Europe. Along with exchanging business presentations, the event showcased New Taipei City’s dynamic startup ecosystem on the international stage.
The Austrian delegation was brought to InnoSquare by Austria’s official accelerator, GIN (Global Incubator Network), with the support of the Austrian Commercial Office. During his speech, Director Mr. Hermann Ortner expressed gratitude to the New Taipei City Government and was impressed by InnoSquare’s youthful and innovative atmosphere. Marcia Qiu, Commissioner of the New Taipei City Government Youth Department, emphasized that international exchange is a priority in fostering tech entrepreneurs, as it enhances their ability to communicate with global partners and forge business connections. She also pointed out that New Taipei is Taiwan's largest city in terms of population and small and medium-sized enterprises, encouraging Austrian startups to set up in New Taipei.
The New Taipei City Government Youth Department is dedicated to promoting technology entrepreneurship. It currently operates eight startup hubs, offering entrepreneurs a wide range of resources, including office space at below-market prices, mentorship services in various fields, business courses, and free opportunities to participate in exhibitions, providing robust support for outstanding startups.
The Youth Department also actively fosters international exchange by collaborating with accelerators and organizations worldwide to broaden the global vision of local entrepreneurs. Recent examples include the “2024 New Taipei Demo Day,” which invited startups and venture capitalists from around the world, and the participation of three New Taipei teams in InnovFest, one of East Asia’s largest startup exhibitions, held in Singapore in May.
Marcia Qiu commented, “The Austrian startups participating in this exchange are highly experienced and showcased their innovative breakthroughs in the European market. On the other hand, teams from InnoSquare, Greentech Hub, and BAOGAO Digibase engaged in product and technology exchanges, receiving valuable feedback. Such international exchanges not only improve the professional capabilities of local entrepreneurs but also help them prepare for entry into the global market.”
New Taipei is not only a hub for local startup development but is also an ideal base for foreign startups. During the exchange, Qiu highlighted that New Taipei has a significant number of SMEs, traditional industries, and factories. Foreign startups setting up in New Taipei can leverage the city’s well-established supply chains and manufacturing advantages, along with the Youth Department’s startup hubs and resources, to swiftly enter the Taiwan market and use it as a springboard into other Asian countries. She emphasized that internationalization is a key part of New Taipei’s startup ecosystem, and the city government will continue to provide support for foreign startups, promoting cross-border cooperation and market expansion.
[Austrian Startup Delegation]
1.Greenwood Power: Provides global voltage sensors for power distribution stations to meet the needs of renewable energy grids. Projected revenue for this year is €10 million, with plans to expand personnel and set up a production facility in the U.S. The Middle East accounts for around 70% of its sales.
2.INMOX: Specializes in monitoring wind turbine gears using AI technology to detect wear and predict optimal maintenance timing, reducing maintenance costs. The main market focuses on Germany, Austria, and Switzerland.
3.Infrared City: An AI interactive simulation platform providing real-time performance feedback for climate, architecture, and urban design. It calculates the impact of design decisions, offering feedback on ecology, wind speed, and comfort, enabling urban planning to interact with environmental data for more resilient spaces.
4.mlxar/Atlas: A generative 3D AI platform capable of rapidly creating detailed 3D models from reference images and text. Atlas works with game developers and brands to enhance the efficiency and stylistic diversity of virtual world creation, serving both small developers and large AAA studios.
5.Invisible-Light Labs: A startup incubated by the Vienna University of Technology, developing infrared detectors using nanomembranes to absorb infrared radiation. These detectors are used for pollutant detection, food inspection, and drug research without requiring cooling, offering a broad range of applications.
6.Sleeve: Aims to solve remote and automated access issues for embedded software devices. It reduces development time, enhances usability, and offers scalability. Using Sleeve, customers can increase efficiency by up to 50% on the same hardware resources while cutting hardware costs by 50%.
7.VELLO BIKE: Produces foldable, lightweight bicycles with a unique magnetic folding mechanism that quickly transforms into portable luggage. The electric folding bike features automatic charging and a built-in tilt sensor. Components are sourced globally, with final assembly in Austria.
[New Taipei Teams Participating in the Exchange]
1.metabiz (InnoSquare): MetabizHub addresses the issue of internal system and supplier data exchange across enterprises by offering a convenient communication and information-sharing platform. Their self-developed e-commerce site-building system, Metabiz Shop, provides comprehensive e-commerce functions with an intuitive user interface that’s easy to use without technical expertise.
2.ByteLingo (InnoSquare): Utilizing generative AI technology, ByteLingo builds a corporate knowledge management platform known as the "AI Brain" to assist publicly traded companies in translating financial reports, annual reports, and sustainability reports into English, complying with FSC regulations. Their customers span finance, electronic components, and biotech industries.
3.JIEDENG (Greentech Hub): Focuses on water quality optimization technology. Their "Water Soften Rod" has undergone years of R&D and five years of field testing, with multiple patents and awards. It requires no electricity or consumables and is widely applied in both industrial and consumer markets.
4.Codeunion (Greentech Hub): Since its founding in January 2023, Codeunion has quickly established itself in the ESG smart factory sector, using cutting-edge AI models and IoT technology to provide precise ESG assessments and management solutions for companies.
5.MobiWebX (BAOGAO Digibase): The team combines AIoT expertise and No Code technology, offering solutions like MobiWebX to help SMEs efficiently use technology despite limited talent, funds, and expertise.
6.PTCOM Technology (BAOGAO Digibase): Specializes in wireless communication and AI, focusing on senior care products that require no learning. They plan to integrate 5G communication technology and health metrics to enhance senior care management.
7.Owlsome Tech (BAOGAO Digibase): Focuses on integrating AI and IoT into everyday life, with products like smart elevators to address modernization challenges and labor shortages in the global elevator industry.
The Austrian delegation was brought to InnoSquare by Austria’s official accelerator, GIN (Global Incubator Network), with the support of the Austrian Commercial Office. During his speech, Director Mr. Hermann Ortner expressed gratitude to the New Taipei City Government and was impressed by InnoSquare’s youthful and innovative atmosphere. Marcia Qiu, Commissioner of the New Taipei City Government Youth Department, emphasized that international exchange is a priority in fostering tech entrepreneurs, as it enhances their ability to communicate with global partners and forge business connections. She also pointed out that New Taipei is Taiwan's largest city in terms of population and small and medium-sized enterprises, encouraging Austrian startups to set up in New Taipei.
The New Taipei City Government Youth Department is dedicated to promoting technology entrepreneurship. It currently operates eight startup hubs, offering entrepreneurs a wide range of resources, including office space at below-market prices, mentorship services in various fields, business courses, and free opportunities to participate in exhibitions, providing robust support for outstanding startups.
The Youth Department also actively fosters international exchange by collaborating with accelerators and organizations worldwide to broaden the global vision of local entrepreneurs. Recent examples include the “2024 New Taipei Demo Day,” which invited startups and venture capitalists from around the world, and the participation of three New Taipei teams in InnovFest, one of East Asia’s largest startup exhibitions, held in Singapore in May.
Marcia Qiu commented, “The Austrian startups participating in this exchange are highly experienced and showcased their innovative breakthroughs in the European market. On the other hand, teams from InnoSquare, Greentech Hub, and BAOGAO Digibase engaged in product and technology exchanges, receiving valuable feedback. Such international exchanges not only improve the professional capabilities of local entrepreneurs but also help them prepare for entry into the global market.”
New Taipei is not only a hub for local startup development but is also an ideal base for foreign startups. During the exchange, Qiu highlighted that New Taipei has a significant number of SMEs, traditional industries, and factories. Foreign startups setting up in New Taipei can leverage the city’s well-established supply chains and manufacturing advantages, along with the Youth Department’s startup hubs and resources, to swiftly enter the Taiwan market and use it as a springboard into other Asian countries. She emphasized that internationalization is a key part of New Taipei’s startup ecosystem, and the city government will continue to provide support for foreign startups, promoting cross-border cooperation and market expansion.
[Austrian Startup Delegation]
1.Greenwood Power: Provides global voltage sensors for power distribution stations to meet the needs of renewable energy grids. Projected revenue for this year is €10 million, with plans to expand personnel and set up a production facility in the U.S. The Middle East accounts for around 70% of its sales.
2.INMOX: Specializes in monitoring wind turbine gears using AI technology to detect wear and predict optimal maintenance timing, reducing maintenance costs. The main market focuses on Germany, Austria, and Switzerland.
3.Infrared City: An AI interactive simulation platform providing real-time performance feedback for climate, architecture, and urban design. It calculates the impact of design decisions, offering feedback on ecology, wind speed, and comfort, enabling urban planning to interact with environmental data for more resilient spaces.
4.mlxar/Atlas: A generative 3D AI platform capable of rapidly creating detailed 3D models from reference images and text. Atlas works with game developers and brands to enhance the efficiency and stylistic diversity of virtual world creation, serving both small developers and large AAA studios.
5.Invisible-Light Labs: A startup incubated by the Vienna University of Technology, developing infrared detectors using nanomembranes to absorb infrared radiation. These detectors are used for pollutant detection, food inspection, and drug research without requiring cooling, offering a broad range of applications.
6.Sleeve: Aims to solve remote and automated access issues for embedded software devices. It reduces development time, enhances usability, and offers scalability. Using Sleeve, customers can increase efficiency by up to 50% on the same hardware resources while cutting hardware costs by 50%.
7.VELLO BIKE: Produces foldable, lightweight bicycles with a unique magnetic folding mechanism that quickly transforms into portable luggage. The electric folding bike features automatic charging and a built-in tilt sensor. Components are sourced globally, with final assembly in Austria.
[New Taipei Teams Participating in the Exchange]
1.metabiz (InnoSquare): MetabizHub addresses the issue of internal system and supplier data exchange across enterprises by offering a convenient communication and information-sharing platform. Their self-developed e-commerce site-building system, Metabiz Shop, provides comprehensive e-commerce functions with an intuitive user interface that’s easy to use without technical expertise.
2.ByteLingo (InnoSquare): Utilizing generative AI technology, ByteLingo builds a corporate knowledge management platform known as the "AI Brain" to assist publicly traded companies in translating financial reports, annual reports, and sustainability reports into English, complying with FSC regulations. Their customers span finance, electronic components, and biotech industries.
3.JIEDENG (Greentech Hub): Focuses on water quality optimization technology. Their "Water Soften Rod" has undergone years of R&D and five years of field testing, with multiple patents and awards. It requires no electricity or consumables and is widely applied in both industrial and consumer markets.
4.Codeunion (Greentech Hub): Since its founding in January 2023, Codeunion has quickly established itself in the ESG smart factory sector, using cutting-edge AI models and IoT technology to provide precise ESG assessments and management solutions for companies.
5.MobiWebX (BAOGAO Digibase): The team combines AIoT expertise and No Code technology, offering solutions like MobiWebX to help SMEs efficiently use technology despite limited talent, funds, and expertise.
6.PTCOM Technology (BAOGAO Digibase): Specializes in wireless communication and AI, focusing on senior care products that require no learning. They plan to integrate 5G communication technology and health metrics to enhance senior care management.
7.Owlsome Tech (BAOGAO Digibase): Focuses on integrating AI and IoT into everyday life, with products like smart elevators to address modernization challenges and labor shortages in the global elevator industry.
