[Finance] FITI Program Spurs Nearly 600 Startups; Stan Shih: 3 Keys to Startup Success
bellala 央廣7h agoEdited
The "Innovation and Entrepreneurship Incentive Program" (FITI), promoted by the National Science and Technology Council (NSTC), has nurtured over a thousand academic and research-based startup teams since 2013, spawning nearly 600 new companies and transforming academic research results into startup businesses. Stan Shih, founder of Acer, stated on the 16th that the most important aspect of entrepreneurship is a sense of mission, requiring consideration of how to create new value for society and industry. Value, creativity, and execution are the three key elements for successful entrepreneurship. #CNA Reporter Tsai Peng-min reports#
The "Innovation and Entrepreneurship Incentive Program," guided by the NSTC and executed by the Science and Technology Policy Research and Information Center (STPI), held its first-phase finals and awards ceremony on the 16th. Teams Atlas, Connox Bio, and Macrophage Power stood out, winning the "Outstanding Entrepreneurship Award" and NT$1 million in startup funds.
Lin Chun-liang, Vice President of the National Applied Research Laboratories (NARLabs) and Acting Director of STPI, pointed out that since its inception in 2013, the program has cultivated over a thousand academic and research-based startup teams, leading to the creation of nearly 600 new companies and attracting over NT$13.5 billion in private investment. It has become a vital platform for commercializing Taiwan's scientific research outcomes and fostering startups. He also thanked corporate partners like TSMC and Acer for their support in transforming academic research into market-competitive startup businesses.
Stan Shih, Honorary Dean of the "Innovation and Entrepreneurship Incentive Program" and founder of Acer, stated via video that the most crucial element in entrepreneurship is a sense of mission, emphasizing the need to think about creating new value for society and industry. Value, creativity, and execution are the three fundamental keys to successful entrepreneurship. He said: "(Original sound) Participating in this competition is about innovation, creating value, and entrepreneurship. The most important thing is to have a mission, which is to create new value for society and industry. This requires continuous innovation, guidance by value, and finding ways to implement it. These are the three fundamental factors: value, creativity, and execution."
Shih further elaborated that besides technology, funding, and the team, seizing the right timing is also a critical factor for entrepreneurial success. When market timing is ripe, the team possesses core capabilities, and perseverance is maintained, the chances of success significantly increase. He encouraged teams to continue creating new value for society through innovation, developing internationally competitive products and services, and making greater contributions to Taiwan and the global community. (Editor: Song Wan-yuan)
Source Link: https://www.rti.org.tw/news?uid=3&pid=214848
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