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:
Pictures of 2012 New Entrepreneurial Power-Startup Idea Competition:
|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
- 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.
- 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.
- 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
“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.
2012 New Entrepreneurial Power – Entrepreneurship Idea Contest
Guider Technology Co., Ltd.
Second place winner “WorkLohas Technology Co., Ltd.”
Third place winner “Axbung.com”
Fourth place winner “3I Health Tech.”
Fifth place winner “KING YOUNG ENTERPRISE CO., LTD.”
Sixth place winner “Lightening Speed”