Start-Up Delegation Inks MoU in Boston and Wins Top Prize for Pitches at IDEAS Taiwan

Four top-notch Taiwanese start-ups visited Boston and Cambridge, MA from October 16 to 18 on a visit organized by Taiwan’s Institute for Information Industry (III). As part of a tech start-up facilitation program commissioned and sponsored by the government of Taiwan, III’s executives and representatives of the four Taiwanese start-ups visited MassChallenge (the world renowned start-up accelerator and start-up pitches competition organizer), Martin Trust Center of MIT Entrepreneurship, Senseable City Lab of MIT, and local venture capitalists to exchange ideas and experiences in starting up a tech businesses and discussed exciting future cooperation opportunities.

One of the highlights of the delegation’s visit was the Taiwan IDEAS Day held at CIC on October 17. Eight teams--four tech start-ups from Taiwan and four local start-ups founded by MIT alumni and students-- participated in the pitch competition. After some tough competition, Greenvines BioTech Co. Ltd., a supplier of organic food and products from Taiwan was awarded the top prize. The pitches proposed by these teams were highly acclaimed by judges and attendees, and there were many ideas exchanged at the reception after the competition which brough together team members, attendees and local start-ups, including Accuvally Inc., an e-commerce service provider, CliPick, a fashion recommendation search engine, and others.

On the final day of the delegation visit, Dr. Gary Gong, Executive Vice President of III, and Mr. Scott Bailey, Senior Director of Partnerships of MassChallenge, signed a MoU on strategic cooperation on behalf of their respective institutions. The MoU signing took place during a luncheon at the Harvard University Faculty Club. Ms. Anne Hung, Director General of Taipei Economic and Cultural Office (TECO) in Boston, and representatives from Martin Trust Center of MIT Entrepreneurship and CIC witnessed the signing ceremony. In delivering her remarks, Director General Hung congratulated the Taiwan delegation and its members for their successful visit and expressed TECO’s full support in the future for bilateral cooperation between Massachusetts and Taiwan on promoting start-ups and entrepreneurship.

To read more about the delegate's visit, Taiwan Today's "III signs cooperation pact with MassChallenge" from October 22, 2013 has more on the visit.