TAIPEI,TAIWAN - Media OutReach -January 25, 2019 - The Taiwan Ministry of Science and Technology (MoST)led 44 top-tier innovation teams to once again strive in the Consumer ElectronicsShow (CES) in Las Vegas from January 8th to 11th, 2019. The Minister of Scienceand Technology, Chen Liang-Gee,announce today the success of the Taiwan Tech Arena Pavilion's startups teamduring the CES 2019 exhibition and the post-CESexhibition at Silicon Valley matchmaking event. Companies Awowo, AgriTalkTechnology and GANZIN shared their achievements and substantial results. The 44Taiwanese technology innovation teams won more than NTD 5.5 billion in businessopportunities, with the attention from 20 international media. It is evidentthat Taiwan's technological strength and innovation capabilities were wellreceived.

 Taiwan 44 Startups Reached NT$ 55 Billion Business Opportunity at CES 2019

TaiwaneseTech Startups to Open Business Opportunities and New Markets with SolidTechnology Background and Innovation

MoSTselected 44 promising startups team in 6 categories: Internet of Things (IoT,25%), Cyber ​​Security & Software (20%), Artificial Intelligence (AI, 18%),Healthcare (14%), wearables (14%), and Advanced Manufacturing (9%).  There were 8teams among the 44 teams won the CES 2019 Innovation Awards before theexhibition, and most of the teams attracted big manufacturers and engaged withventure capitalists during the CES. 15teams also participated at the Taiwan Pitch Night and matchmaking event atSilicon Valley which pitch and connect directly with global venture capitalists.

One of the TTA startup teams Awowo, who developed FreeStyle Drum with a unique WPWpatent technology to replicate a real drum, has replaced the traditional drumhead with a smallerenamel film, and reduced the large space occupied by electronic drum kits. Thesensitivity and responsiveness of the FreeStyle Drum are 10-times faster than an electronic drum kit. Joe Liu, CEO ofAwowo, said that through the exhibition, they have signed a million-dollarorder and will soon be announced in Guangzhou Music Festival in February. Beingin music and instruments business for 2 decades, Liu said that it is CES andthe support from the Ministry that traditional industries can explore new businesspotential if combining innovative technology application.

Another promising team AgriTalk Technology develops an "AgriTalk Management Platform" thatcontrols the production of agricultural products with technology. Accordingto Professor Wen Liang Chen, founder of AgriTalk Technology, the systemintegrates sensors to acquire biological and environmental data, regulatespests, diseases, soil, and fertility. Chen's love of biotechnology and his farmfamily background has motived him to look for a total solution for farmers tonot only monitor farmland condition, but also improve crop quality. With thesupport from the policy of National Chiao Tung University to promote cross-disciplinary education and "TaiwanStartup Institute" (TSI Accelerator) launched by the Ministry, he and his teamfounded AgriTalk. During CES, buyers from Dubai, Chile, Canada, India (Mumbai),the Philippines, Sweden, South Africa, Italy, France, the Netherlands, etc.negotiated with AgriTalk. The company also won first place in Taiwan PitchNight during the post-CES event; their future business opportunities are estimated to bemore than NT$900 million, and the potential of foreign markets cooperation isout of Chen's imagination.

Ganzin Technologyalso understands more about the global market via CES and the supports from theMinistry. Ganzin focus on creating the next generation eye tracking modulesthat can be easily integrated into AR/VR modules to help unlock the potentialof the eye as a seamless interface into the extended reality world. Over thelast few years, they have re-designed the necessary algorithms for a highlyprecise eye-tracking module, the result is Aurora, a dramaticallyre-architected eye-tracking solution with a small form factor and minimal powerrequirements. Ganzin is one of the teams that participated in CES Unveiled andwas included in the "Best of CES" of Reuters, said Shao-Yi Chien, founder ofGanzin.

TaiwaneseStartups Successfully Attract International Manufacturers with Taiwan TechArena's Supports

It is the second year, the MoST led startups team to CES. Withthe strength of startups' solid technology background and innovative solutionsand the support from Taiwan Tech Arena, Taiwan got exposure in internationalmedia 20 times higher than last year. Other than the 4 CES 2019 InnovationAward Honorees and shortlisted teams that were invited to participate in CES2019 Unveiled, Taiwan tech startups also attracted worldly known corporations in theirown categories, including T-Mobile, Amazon, Apple, Facebook, Coka Cola, Toyota,etc.

The achievement of CES 2019 and Silicon Valley Post-CES matchmakingevents successfully demonstrated the support by MoST. Via TTA, MoST had invitedlocal and international accelerators and academic research to provide variousresources for Taiwan startups ecosystem. The platform organized by TTA connectsTaiwan startup teams to international market. TTA will continue to strivesfor global exposure of Taiwan tech startups and technology capability to deepenTaiwan's key position in the global economy and startup ecosystem.