The Taiwan Stock Exchange announced today that Taiwan’s Innovation Board has seen 24 companies apply for listing, with 14 applications in 2023 alone, surpassing the 8 in 2022. To date, 10 companies have been successfully listed. The exchange is also actively enticing international startups to join Taiwan’s capital market, with some already outlining plans to list in Taiwan.
In a press release, the stock exchange highlighted that the overall market value of Taiwan’s Innovation Board has exceeded NT$150 billion. The industries covered include digital cloud, green energy, biotechnology, medical and electric vehicles, continuously fostering clusters of new economic industries. Through an ‘Innovation-Driven’ economic growth model, the board assists companies in expanding into international markets, strengthening operational resilience, and demonstrating their capability for innovative transformation, elevating Taiwan’s status in the innovative economy.
Besides nurturing local startups, the exchange vigorously courts international enterprises to join Taiwan’s capital market. Currently, startups from Japan, Singapore, the USA, Germany, and Canada, among others, have proposed plans to list in Taiwan.
Vpon Holdings Inc. (VHI), a Japanese company that aids digital transformation with AI and big data technology, shared its experience. Its founder, Wu Yi-Hong, expressed deep appreciation for the commitment of Taiwan’s capital market in recent years to support the new economy and startups. The attractive features of Taiwan’s stock market, including the ease of fundraising, the vitality of trading, international development, and innovative services, prompted the shift from their initial listing plan in Japan to choosing Taiwan’s Innovation Board as their primary listing option. They encourage more Asian digital technology startups to follow this pattern and raise funds for development by listing on Taiwan’s capital market.
The Taiwan Stock Exchange emphasizes that the Innovation Board continues to champion the development of startups and attract international enterprises to the capital market. Actively playing the role of the final guide for innovative companies entering the capital market, the exchange assists forward-looking, innovative, and marketable companies in listing. The Taiwan Stock Exchange will continue to support the growth of startups and aims to see a cumulative total of 80 companies applying within 3 to 5 years and over 150 companies within 10 years."
What is Taiwan Innovation Board (臺灣創新板)
The Taiwan Innovation Board, often referred to as "臺灣創新板" in traditional Chinese characters, is a special trading board established by the Taiwan Stock Exchange (TWSE) to facilitate the listing of innovative and high-growth companies. It was launched to encourage the growth of technology and startup companies in Taiwan and provide them with a platform to raise capital and expand their businesses. Here are some key points related to the Taiwan Innovation Board:
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Purpose: The primary goal of the Taiwan Innovation Board is to support the development of innovative industries and startups by offering them access to the public equity market.
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Listing Criteria: To be eligible for listing on the Taiwan Innovation Board, companies must meet certain criteria related to innovation, growth potential, and financial stability. These criteria may include minimum revenue and market capitalization requirements.
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Regulations: The board operates under specific regulations and rules established by the Taiwan Stock Exchange to ensure transparency and investor protection.
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Funding Opportunities: Listing on the Taiwan Innovation Board provides companies with opportunities to raise capital from investors and access the public markets. This can be especially important for startups and tech firms looking to expand their operations.
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Market Visibility: Being listed on the Taiwan Innovation Board can enhance a company’s visibility and reputation, making it more attractive to potential partners, customers, and investors.
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Innovation Ecosystem: The board plays a significant role in promoting Taiwan’s innovation ecosystem by fostering the growth of technology-driven businesses and startups.
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Investor Interest: Investors may be interested in the Taiwan Innovation Board as it offers opportunities to invest in promising companies at an early stage of their development.
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