TAIPEI, Taiwan, June 28, 2019 /PRNewswire/ -- With a focus on the ASEAN market, the Industry Accelerator & Incubation Center (IAIC) at Chung Yuan Christian University (CYCU) has partnered with governmental bodies and private organizations in Indonesia, Thailand, Malaysia and Vietnam. In order to help startup firms expand into the Australian market, the center hosted the Australian Startup Trade Delegation event from June 16 to June 22. Led by Yi-Ning Chen, the director of the center, the delegation of representatives from six Taiwanese startups engaged in trade exchanges with companies and venture capital (VC) firms in Australia, in a move to gain a better understanding of the current economic and trade environment and investment market in Australia.
On June 19, following a series of negotiating sessions, six Taiwanese startups, led by Yi-Ning Chen, the director of the Industry Accelerator & Incubation Center, signed 34 memoranda of understanding involving collaborative efforts in technology, agency representation, product distribution and trade with 12 Sydney-based companies and VC firms.
On June 19, following a series of negotiating sessions, Taiwanese startups signed 34 memoranda of understanding involving collaborative efforts in technology, agency representation, product distribution and trade with 12 Sydney-based companies and VC firms, helping Taiwanese firms successfully expand into the Australian market.
The delegation also visited MyCube, the University of Western Sydney, Homart Pharmaceuticals Pty Ltd, SEA LIFE Sydney Aquarium, the Australian Taiwanese Chamber of Commerce, the Australian Taiwanese Friendship Association, Mwave, the Sydney Startup Hub, the Taiwan Trade Centre Sydney and the Taipei Economic and Cultural Office in Sydney, among other companies, VC firms, entrepreneurship facilities and economic and trade institutions.
The center has established incubation centers with 12 strategic partners and 7 organisations with a local presence in 16 countries, enabling small- and medium-sized companies in Taiwan to take advantage of opportunities and expand into markets worldwide by capitalizing on its rich international incubation resources.