Introduction of the Competition-2012

Introduction of the Competition 

Have you realized that creative products and ideas have come into our lives and brought us convenience? The idea you though that is outrageous might be the best-selling one in the world.

Taipei City Office of Commerce held the New Entrepreneurial Power-Startup Idea Competition. It’s not only about creativity, but also about how you can put it into practice. Contestants have to take care of the creativity and possibility of retail of their products. This was also the first competition that angle investors had taken part in the whole way through. Under the instructions of angel investors, contestants can turn their creative ideas into the action of starting a new business, and maybe the next idea that changes our lives is here!

This year we had a keen competition. We had invited teams that had innovative and practical ideas to join this contest. Out of more than 100 teams we selected 20 semi-finalists. They all had a discussion and had presented their ideas for angel investors, and the finalists were selected among them. The process was filmed and broadcasted on CTV. Only six teams enter the final. They will be judged by their creativity, business model, execution, technique, feasibility and the possibility of investment.

In the end, the top three winners will sign an MOU with angel investors publicly on the award ceremony. They will also be given a trophy by the mayor and share their thoughts about joining this competition on an “angel conference” in public. Through the process of the competition and the exposure, we aroused more and more ideas and turn them into actual products and services.

Links of 2012 New Entrepreneurial Power-Startup Idea Competition: 

2012 New Entrepreneurial Power-Startup Idea Competition: first round (A) (in Chinese)

2012 New Entrepreneurial Power-Startup Idea Competition: first round (B) (in Chinese)

2012 New Entrepreneurial Power-Startup Idea Competition: first round (C) (in Chinese)

2012 New Entrepreneurial Power-Startup Idea Competition: final (A) (in Chinese)

2012 New Entrepreneurial Power-Startup Idea Competition: final (B) (in Chinese)

2012 New Entrepreneurial Power-Startup Idea Competition: award ceremony and behind the competition (in Chinese)

Pictures of 2012 New Entrepreneurial Power-Startup Idea Competition: 

Mayor Hau, the contestants and the angel investors holding a red line, implying that Taipei City Government encourages to turn creative ideas into new businesses, and to encourage angel investors to invest in startup businesses.
Vice mayor Chen witnessing the MOU signing between Guider and the angel investors.
Vice mayor Chen witnessing the MOU signing between WorkLohas and the angel investors.
Vice mayor Chen witnessing the MOU signing between Aibung and the angel investors.
Vice mayor Chen giving certificates to winning teams.
The winning teams and the guests.

Introduction of the Winning teams: 

Ranking Team Representative
1 Guider (in Chinese) Hsu Bin Xiang
2 WorkLohas (in Chinese) Ciou Jhih Hong
3 Aibung (in Chinese) Yang Jia Xing
4 3i-health (in Chinese) Zheng Zhi Chao
5 King Young Enterprise  (in Chinese) Wu Shi Zhang
6 Feng Chi Dian Che (in Chinese) Liu Bai Qing 

New Entrepreneurial Power – Entrepreneurship Idea Contest” Press Conference

 

  1. Origin of the Event

Industry transformation and upgrading is imminent during the European debt crisis and weak economic recovery period, and the three core factors of a successful transformation are creativity, innovation, and entrepreneurship.

According to information provided by the Global Entrepreneurship Monitor (GEM), Taiwan is entering the ranks of innovation-driven economy where high-growth innovation and entrepreneurial activities are the forces that will drive the continual growth of the economy. Therefore, innovation and entrepreneurship promotion will inject an endless flow of the elixir of life into the economy. It is critical to promote economic transformation in Taiwan.

  1. Purpose of the Event

Discover new enterprises with creative and innovative products, services, or operation models. The “New Entrepreneurial Power – Entrepreneurship Idea Contest” will discover potential business startups, further implement the creative ideas of innovative teams, provide investment opportunities with venture capital companies and angel investors, cultivate innovation and teamwork capabilities, drive the spirit of entrepreneurship, and encourage entrepreneurship to enliven the economy during the press conference.

  1. Event Planning

After a long period of competition, the top 6 contestant teams of the “New Entrepreneurial Power – Entrepreneurship Idea Contest” will be gathered together, and the finalist team members will be introduced and be invited to participate in a meeting with angel investors. Mayor Hao will serve as the moderator for the investor and innovation team matchmaking ceremony, which symbolizes Taipei City Government’s efforts to promote entrepreneurial opportunities by matching the entrepreneurial teams with the right investors.

December 18 is the award ceremony and a warm up to the angel investor matchmaking event.

The 6 finalist teams not only will have opportunities for public exposure, they can also receive briefing guidance from the investors’ perspective as well as entrepreneurship recommendations from angel investors. The top 3 winners will sign a “Memorandum of Cooperation” with angel investors. Maybe we can see the empowered contestants in 2013 that can transcend the boundaries of creativity and entrepreneurship, and present the fruit of entrepreneurial success in front of us.

6 event photos

Taipei City Government spokesperson Qi-Jiang Zhang

Taipei City Government spokesperson Qi-Jiang Zhang

Taipei City Government Mayor Long-Bin Hao

Taipei City Government Mayor Long-Bin Hao

Taiwan Venture Capital Association Secretary-General Shi-Zhong Su

Taiwan Venture Capital Association Secretary-General Shi-Zhong Su

Bellwether International Group Chairman Ji-Zeng Chui

Bellwether International Group Chairman Ji-Zeng Chui

AppWorks founder Jamie Lin

AppWorks founder Jamie Lin

6 team finalists

6 team finalists

From left to right are the 6 team finalists CEO Jai-Xiang Yang of Axbung.com; CEO He-Qing Chen of KING YOUNG ENTERPRISE CO., LTD.; General Manager Bin-Xiang Xu of Guider Technology Co., Ltd.; Mr. Bai-Qing Liu of Lightening Speed; CEO Zhi-Hong Qiu of WorkLohas Technology Co., Ltd.; CEO Zhi-Chao Zheng of 3I Health Tech.Taipei Mayor Lung-Bin Hau; AppWorks founder Jamie Lin; Bellwether International Group Chairman Ji-Zeng Chui; Chairman Ming-Yuan Lin of PJS Partners; Investment Officer Ming-Yan He of TMI Holding Corp.; Deputy General Manager Zhong-Tian Yang of Maxima Capital Management; Associate Manager Hao-Zheng Chen of Trinity Investment Corporation; and General Manager Wei-Xun Weng of TAYA Group.

From left to right are the 6 team finalists CEO Jai-Xiang Yang of Axbung.com; CEO He-Qing Chen of KING YOUNG ENTERPRISE CO., LTD.; General Manager Bin-Xiang Xu of Guider Technology Co., Ltd.; Mr. Bai-Qing Liu of Lightening Speed; CEO Zhi-Hong Qiu of WorkLohas Technology Co., Ltd.; CEO Zhi-Chao Zheng of 3I Health Tech.Taipei Mayor Lung-Bin Hau; AppWorks founder Jamie Lin; Bellwether International Group Chairman Ji-Zeng Chui; Chairman Ming-Yuan Lin of PJS Partners; Investment Officer Ming-Yan He of TMI Holding Corp.; Deputy General Manager Zhong-Tian Yang of Maxima Capital Management; Associate Manager Hao-Zheng Chen of Trinity Investment Corporation; and General Manager Wei-Xun Weng of TAYA Group.

“New Entrepreneurial Power – Entrepreneurship Idea Contest” Award Presentation Ceremony and Angel Investors Matchmaking Conference

The 6 top “New Entrepreneurial Power – Entrepreneurship Idea Contest” finalists were gathered for the award presentation ceremony. The teams were publicly recognized as “entrepreneurial elites” after the fierce competition. The top 3 winners will sign a “Memorandum of Cooperation” with angel investors.

stage visual effects

stage visual effects

participants

participants

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AppWorks founder Jamie Lin

AppWorks founder Jamie Lin

Launching Ceremony

Launching Ceremony

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2012 New Entrepreneurial Power – Entrepreneurship Idea Contest

Guider Technology Co., Ltd.

First place winner "Guider Technology Co., Ltd." focused on home-care safety for the middle- and senior-age silver-hair citizen groups, and integrated Cloud services with smartphone APPs to create a health services smartphone and simple ICT platform for general families so that children can go out knowing that their parents are safe at home.

First place winner “Guider Technology Co., Ltd.” focused on home-care safety for the middle- and senior-age silver-hair citizen groups, and integrated Cloud services with smartphone APPs to create a health services smartphone and simple ICT platform for general families so that children can go out knowing that their parents are safe at home.

Second place winner “WorkLohas Technology Co., Ltd.”

To avoid data deletions or modifications and prevent my-favorite webpages from disappearing, the second place winner "WorkLohas Technology Co., Ltd." created the WorkLohas Justaple Cloud services that enable users to back up their favorite webpages and recommend articles that everyone is concerned about to other users.

To avoid data deletions or modifications and prevent my-favorite webpages from disappearing, the second place winner “WorkLohas Technology Co., Ltd.” created the WorkLohas Justaple Cloud services that enable users to back up their favorite webpages and recommend articles that everyone is concerned about to other users.

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Third place winner “Axbung.com”

Third place "Axbung.com" currently has 40 million cancer patient members in Taiwan. The number of cancer patients grows by 3% each year, and these patients definitely need an exchange platform and information channel. So "Axbung.com" established the first information exchange platform for Chinese cancer patients and their family members in the Chinese regions.

Third place “Axbung.com” currently has 40 million cancer patient members in Taiwan. The number of cancer patients grows by 3% each year, and these patients definitely need an exchange platform and information channel. So “Axbung.com” established the first information exchange platform for Chinese cancer patients and their family members in the Chinese regions.

Fourth place winner “3I Health Tech.”

"3I Health Tech." has endeavored to develop a smart health management Cloud services platform. The platform provides Cloud services that enable medical examination institutions to manage and check the health of their customers, provide assessments and follow-ups, implement health consultations, help the health care customers to develop a personalized health improvement plan, and always monitor the health status of its customers.

“3I Health Tech.” has endeavored to develop a smart health management Cloud services platform. The platform provides Cloud services that enable medical examination institutions to manage and check the health of their customers, provide assessments and follow-ups, implement health consultations, help the health care customers to develop a personalized health improvement plan, and always monitor the health status of its customers.

Fifth place winner “KING YOUNG ENTERPRISE CO., LTD.”

"KING YOUNG ENTERPRISE CO., LTD." was unwilling to become a sunset industry and continues to combine tradition with technological innovative trends. It integrated LED lights with traditional ribbons to develop heartwarming romantic light ribbon presents. Users can wear the ribbon on their wrists or attach them onto canes, pens, etc. The creative ingenuity of the happiness ribbon merchandise is exhibited in the Ribbon Museum.

“KING YOUNG ENTERPRISE CO., LTD.” was unwilling to become a sunset industry and continues to combine tradition with technological innovative trends. It integrated LED lights with traditional ribbons to develop heartwarming romantic light ribbon presents. Users can wear the ribbon on their wrists or attach them onto canes, pens, etc. The creative ingenuity of the happiness ribbon merchandise is exhibited in the Ribbon Museum.

Sixth place winner “Lightening Speed”

The "Roof Diversion Power Generation Device" invented by "Lightening Speed" turns the wind resistance created by the cavity between the front of the truck and the container into an endless supply of energy source. This win-win invention allows vehicle owners to save considerably on fuel costs and provides an outstanding contribution by effectively easing the Earth's greenhouse effect and global warming problems.

The “Roof Diversion Power Generation Device” invented by “Lightening Speed” turns the wind resistance created by the cavity between the front of the truck and the container into an endless supply of energy source. This win-win invention allows vehicle owners to save considerably on fuel costs and provides an outstanding contribution by effectively easing the Earth’s greenhouse effect and global warming problems.