【DEMODAY】Taoyuan Sports Technology Startup Acceleration Program

Taoyuan City Government awards nearly one million yuan in prizes to support new startups：Accelerate the formation of Taoyuan sports technology industry cluster

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• Is sports technology Taiwan’s next trillion-dollar industry? Looking at the challenges and opportunities for Taiwan’s startups from the perspective of global sports technology trends
• The “Taoyuan Sports Technology Innovation Acceleration Program”, sponsored by the Taoyuan City Sports Bureau, co-organized by the Taoyuan City Youth Affairs Bureau, and coordinated and implemented by the Taoyuan City Sports Development Foundation, held a DemoDay results exhibition today (23rd).
• DemoDay attracted nearly 200 participants from domestic and overseas enterprises, investors, venture capital, accelerators, sports technology related industries and many new start-up teams. In addition to the presentations of 10 teams’ achievements, the “Global Sports Technology Market Trends Decoding” roundtable forum also invited The meeting was attended by Hou Jialing, Director of the Taoyuan City Youth Affairs Bureau, Wu Dewei, Partner of Acorn Pacific Ventures and Executive Director of Taoyuan Sports Development Foundation, Lin Meng Shiang, Associate Professor and Director of the School of Financial Technology at Ming Chuan University, and CEO Guan Zhongjun focused on global sports technology trends from the perspectives of industry, government, and academia, and shared the challenges faced by Taiwan’s sports technology industry and issues related to industry upgrades and applications.
• The sports technology industry is one of the fastest growing sectors in the world in recent years. According to the Reportlinker report, the global sports technology market will reach US$103.2 billion by 2030. The explosive growth of Taiwan’s sports output is amazing, and sports technology is expected to become Taiwan’s next Wu Dewei also shared from the perspective of international venture capital investment: “In recent years, emerging technologies such as AI (artificial intelligence) and big data have been widely used to solve the needs of the sports field. The huge business opportunities of sports technology in the world have accelerated the development of sports. The industry is undergoing transformation. According to the VC (Venture Capital) investment trend in global sports technology, the investment amount in 2023 will reach 13.8 billion US dollars. This shows how much attention sports technology has attracted in the global investment field. Taiwan’s sports technology industry is booming. The startup teams have good technical capabilities, but generally lack global vision and sustainable business models. This is also the focus of the Taoyuan Sports Technology Startup Acceleration Program. The coaching and networking resources not only helped the team to navigate steadily in this new blue ocean, but also gained more favor from international investors. “
• With the support of experts from industry, government and academia, Speed ​​3D Qiyun Technology stood out and won the first prize! Taoyuan to build sports technology innovation hub city.
• The Taoyuan Sports Technology Startup Acceleration Program invited 15 experts in the fields of sports, investment, entrepreneurship, marketing, media, law, and private equity to serve as judges and mentors, including Rakuten Monkeys professional baseball team leader Kawada Yoshinori, After a rigorous preliminary selection process, nearly 30 candidates were selected, including Zhang Jianwei, CEO of the Yongfeng Clouded Leopards professional basketball team, Sun Shaozu, senior vice president of the US-based WI Harper Group, Zhu Xuanyi, investment director of 500 Global Taiwan, and Chen Yixue, founder of Ceres Capital Management Consultants. 10 teams from home and abroad that have initially gained market recognition and have actual revenue will be selected for training.
• Entrepreneurship topics include basketball, baseball, bicycles, smart stadiums, wearable devices, AR, sports data, AI, image analysis, and sports marketing. And other diverse topics. Over the past six months, through course training and one-on-one tutoring, we have improved our capabilities in fundraising plans, product competitiveness, business strategies, and overseas market expansion. DemoDay showcased Taiwan’s sports technology in technological innovation and Diversity in applications and the ability to compete with the world. Chiu Li-Chuan, CEO of Speed ​​3D Qiyun Technology Team, which won the first prize from the jury, said: “I am very grateful to the Taoyuan City Government and Taoyuan Sports Development Foundation for providing this startup acceleration program, which allows everyone to use technology to help the sports industry innovate applications. Fan economy is really It will add considerable value to Taiwan and the global sports industry and promote its prosperity!” Director of Taoyuan City Sports Bureau Hsu Yen-hui mentioned, “Taoyuan City has many well-known professional sports teams, many famous sports schools and well-known national players. The Sports Bureau has always spared no effort in promoting the development of sports. This project is the first in Taiwan hosted by a municipality. The sports technology startup acceleration program not only hopes to cultivate more sports technology talents and create more employment opportunities, but also aims to build a sports technology industry cluster in Taoyuan, drive the development of Taoyuan sports, and even lead Taiwan’s sports technology industry to move towards New peak! We will continue to help more sports technology startups quickly integrate with local companies and schools at all levels, and expand more practical business opportunities. “
• Taoyuan City Mayor Chang Shan-cheng said: “The Taoyuan City Government has always taken it as its mission to promote national sports and sports development. We have many well-known professional sports teams and actively promote national sports. While promoting the Digital Five Policies, we also continue to work hard to create An innovative ecosystem provides more support for new start-ups. Therefore, we integrate sports, technology, and entrepreneurship, and introduce international venture capital mentoring resources such as Acorn Pacific Ventures and 500 Global. We provide entrepreneurial bonuses and The opportunity to visit Silicon Valley in the United States hopes to help outstanding teams explore the North American market and bring Taiwan’s entrepreneurial energy to the international stage.