Startup Island Taiwan Contributing to Global Innovation Ecosystem Amid the COVID-19 Pandemic



Mar.16, 2020

As the COVID-19 pandemic continues to affect the global economy, technology is simultaneously helping businesses and people to adapt to new modes of working and living. The pandemic and the rapid development of the related technology applications are expected to accelerate the shift in the way we live and work every day.


For example, very early on during the COVID-19 outbreak, to help citizens to acquire facemasks more easily and curb the spread of the virus, Taiwan’s Digital Minister Audrey Tang gathered a group of engineers to develop an app for locating the nearest available stores with real time facemask inventory numbers.


More recently, the group led by Tang launched a new version of the app which enables citizens to use their national healthcare ID cards to make online purchases. Over 88,000 people pre-ordered their designated quota of masks in the first week.


It is estimated that some 2.33 million people in Taiwan will use the app to purchase facemasks online, which will in turn greatly increase the efficiency in which the scarce resource is rationed to the public.


Technology has been a driving force behind Taiwan’s economy, and the country has long been recognized as a Technology leader and innovator since the 80s. As an international innovation and startup hub, Taiwan offers various key advantages, including:

1. A superb testing ground for a variety of tech applications.

2. A dynamic market to test consumer acceptance of new services, applications or products.

3. A vigilant legal system for IP protection.


***InnoVEX, a major exhibit of COMPUTEX, is one of the most important international startup events in Taiwan, featuring high tech forums, pitch contest, demos, matchmaking, networking and startup tour. Last year, InnoVEX attracted 467 startups from 25 countries to display top innovations.


***In the World Economic Forum's Global Competitiveness Report 2019, Taiwan placed 12th among 141 countries and economies. In the 2018 edition, Taiwan was described as a ‘Super Innovator’ along with Germany, Switzerland and the USA.  According to a report by the Institute for Management Development (IMD) in 2019, Taiwan is the 13th most digitally competitive out of 63 countries.


***As of today, March 13, the COVID-19 outbreak has resulted in more than 130,000 confirmed cases worldwide. As of writing, a total of 50 confirmed cases were reported in Taiwan, with 1 deceased, 20 released from isolation, and the remainder hospitalized in stable condition. The current data indicated that, the risk of infection to international travelers within Taiwan is still considered low to minimal.


***The latest reports as shown in the following table

Nations

Confirmed cases

(newly acquired cases today)

China, including Hong Kong (130), Macau (10)

80,936 (11)

Italy

   15,113 (2,651)

Iran

   10,075 (2,033)

Republic of Korea

   7,979 (110)

Spain

     3,004 (1,002)

France

     2,874 (1,270)

Germany

     2,369 (1,230)

U.S.A.

  1,277 (11)

Switzerland

   814 (503)

Norway     

   703 (511)

2 cruise ships in international conveyance

 696 (0)

Japan

 690(52)

Sweden

  683 (357)

Denmark

  674 (561)

The Netherlands

  614 (232)

UK

  590 (134)

Belgium

  399 (132)

Austria

  361 (204)

State of Qatar

263 (1)

Bahrain

 195 (86)

Singapore

 187 (21)

Malaysia

 158 (29)

Canada

 141 (66)

Australia

 129 (46)

Greece

 117 (28)

Israel

109(51)

Finland

109(79)

Iceland

 109 (49)

Czech Republic

 96(56)

Slovenia

 89(64)

UAE

 85 (11)

Iraq

 83 (16)

Kuwait

  80 (11)

Egypt

 80(21)

Brazil

 77(25)

India

 74(15)

Thailand

 70(17)

Ireland

 70 (46)

San Marino

 69(18)

Lebanon

 68(36)

Saudi Arabia

  62 (NA)

Portugal

 59(28)

The Philippines

 52(17)

Poland

  51(NA)

Taiwan

50(1)

Romania

   49 (NA)

Chile

 46(33)

Vietnam

 44(10)