Event News / Update

【Press release】2015 APEC Global Challenge

2015 APEC Accelerator Network Summit & Global Challenge kicks off as an ideal stage for dreams to come true for start-ups

by APEC Global Challenge Secretariat


To promote innovative entrepreneurship, encourage global connection, and help start-ups realize their dreams, the Small and Medium Enterprise Administration (SMEA) of the Ministry of Economic Affairs have joined hands with US and German technology giants Intel and Siemens in the holding of the APEC Accelerator Network Summit & Global Challenge on October 19-20, 2015 at Taipei New Horizon. Targeting the latest trends and business opportunities brought along by the rise of digital economies and the internet of things (IOT), the event aims to create an ideal platform to attract international investment and funding. The event is expected to gather over 200 business elites, angel investors, venture capitalists and industry experts from both home and abroad.


APEC Accelerator Network drives Asia-Pacific innovation energy


Vice Minister of Economic Affairs Mr. Wei-Fuu Yang, APEC Business Advisory Council (ABAC) International Secretariat Director Mr. Antonio Basilio, Intel Vice President of Sales and Marketing Group and Taiwan Country Manager Mr. Jason LS Chen, Vice president of Siemens Taiwan Mr. H.K. Wang were invited to give a speech during the opening ceremony. Yang said that in order to promote innovation in entrepreneurship in the Asia-Pacific region, Chinese Taipei spearheaded the “APEC Start-up Accelerator Initiative” which proposed to introduce international resources that encourage innovation and entrepreneurship to expedite start-up growth by building on the experiences of Silicon Valley. In March 2014, the APEC Accelerator Network (AAN) was established in Taichung. Currently boasting more than 50 member accelerators and incubators from 15 APEC economies, AAN is dedicated to creating a better environment for start-ups in the Asia-Pacific region. Moreover, much gratitude is paid to Intel and Siemens for honoring their corporate social responsibilities by partnering with SMEA to host the event for three consecutive years, and offering start-up teams multiple awards and precious opportunities to collaborate with multinational corporations, all of which is valuable nourishment that will help start-ups grow towards success.


SMEA Director-general Mr. Johnny Yeh said that more than 60 excellent start-up teams from the Asia-Pacific region and approximately 800 international incubation representatives have taken part in the APEC Global Challenge since its inception in 2013. This year, two warm-up matches were held in Atlanta, the United States and Iloilo City, the Philippines to help innovative SMEs in the digital and technology sectors to go global and pursue high growth. The APEC Global Challenge and APEC Accelerator Network Initiative have been honorably recognized as one of the outstanding achievement of the year by the APEC SME Ministerial Meeting, which is testament to our joint effort in supporting SMEs in the APEC region.




30 top start-up teams shine on the international stage


In addition to having Vice Minister of Economic Affairs Mr. Jong-Chin Shen appearing as a guest for the award ceremony, the event has also invited many heavyweight speakers from around the globe, including Ms. Judy Rising Reinke, Deputy Director General of the U.S. and Foreign Commercial Service, U.S. Department of Commerce, International Trade Administration; Mr. Jake Colvin, Executive Director, Global Innovation Forum; Mr. Pascal Viaud, President of French Foreign Trade Advisors, La French Tech, France; Mr. Jean Michel Serre, President and CEO of Orange Japan; and senior managers and venture capitalists from renowned corporations such as blueprint at Swire Properties, Yushan Ventures, ProofPoint, Intel, and Siemens.


There are 31 teams from 16 countries competing in this year’s challenge. There are 12 teams from Chinese Taipei, including Zuvio, which just this July won the championship of a competition for start-ups, Fu Sheng’s Dream Squad, with its cloud-based instant interactive system; Docceo with its smart hotel proposal; GHOSTA with its smart helmets; Qblinks with its remote control functions for smart phones; Loopd with its wearable devices; and iStaging with its digital services. Together with other teams from Singapore, Japan, the Philippines, and India, these teams are competing for 10 major prizes in four categories: Interactive Learning, Immersive Collaboration, Smart Mobility, and Smart Home. The prizes include US$100,000, and opportunities to participate in Intel Challenge Up! Summit Europe, business matching at Pujiang Innovation Forum, and collaboration with Intel and Siemens. Meanwhile, to encourage female and youth entrepreneurship and offer more incentives to Chinese Taipei finalists, several special awards have also been set up, such as Women Entrepreneur Award, Teamwork Award, Online Popularity Award, and the SMEA Award. With all these planned, much can be expected from this year’s event.


Intel Vice President Mr. Jason LS Chen said that the Challenge this year is bigger in scale and invites young start-ups from around the world to utilize Intel® RealSense™ to create different commercial service experiences to solve real problems. Intel will be delighted to see more young entrepreneurs unleashing the power of technology to further driver growth and development of the industry.

Vice president H.K. Wang of Siemens Taiwan said that with the increasingly shortened lifecycle of innovations, the Siemens R&D team is looking forward to discovering more innovative technologies at this APEC Global Challenge taking place in Taipei.

Release date:2015-10-22 18:03:14