To find new engines for Taiwan’s economic growth, National Development Council established the “National Investment Company,” called Taiwania Capital Management Corporation (“Taiwania Capital”) with capital provided by both public and private sectors, to fund the“five plus two”industries including biotechnology, Internet of Things, smart machinery, green energy, national defense, new agriculture, new materials, etc. The goal of this investment company is to stimulate industrial innovation within these industries and to reinvigorate and boost Taiwan’s economic growth.
The National Development Fund has been approved by the Executive Yuan to invest into Taiwania Capital and the funds raised by Taiwania Capital with an amount up to 40% of those companies’paid-in capital. The investment amount to each fund will be up to NTD 2 billion.
Taiwania Capital is going to operate as a venture capital management company. It will employ the prestige of private industry to form a board of directors and formulate relevant investment strategies to ensure the investment layout conforms to the national industrial policy.
The capital of Taiwania Investment is currently NTD 126 million. It just announced the closing of a new NTD 4,650 million fund for investments in IoT companies on December 22, 2017. Over the longer term, Taiwania Capital is hoping to raise other industrial innovation funds to help Taiwan's enterprises to obtain the necessary funds for development, and strengthen the international competitiveness of domestic enterprises.