New ｜Establish a versatile coaching platform and cultivate a paradigm for the internet start-up industry in Taiwan.
Impact ｜ Armorize Technologies Inc. acquired 25 million U.S. dollar investment from U. S. based Proofpoint. Gogolook gained 20 million US dollar support from Korean company NAVER. NSI won the award for the Best Incubation Center in Asia from AABI.
Key ｜Integrate IDEAS, IDAD and International Group. Build the stage- IDEAS Show for start-up incubation.
Evidence ｜Set the largest amount record-breaking merging case in the internet industry. Cultivate 165 start-up teams in 5 years. Investment accumulated to 2.3 billion NT dollars.
This is an era for entrepreneurship! Reid Hoffman, the founder of LinkedIn, the world’s largest professional social network, shared his insight in his book “The Start-up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career” saying that everyone is an entrepreneur and we are the most professional self-employed workers. He mentioned that while we were still living in the cave, we found food for ourselves and were able to be self-sufficient. In his view, that was the starting point of human beings. If we use our creativity in the real life, the world can become a different place because of the efforts we contribute.
III successfully incubated enterprises to be the prides of Taiwan. Not only does Armorize Technologies Inc. “go on its own path” but also Gogolook “listen to its own heart, do what it loves to do”. Armorize Technologies Inc. provides defensive solution packages for ”targeted attacks” from next generation cloud viruses and suddenly presents itself as a super star on NASDAQ. Moreover, while Google CEO Eric Schmidt reveals his appreciation, ”Whoscall”, which can identify unknown telephone calls’ background information gained Google Play Best Apps Of The Year. IDEAS Show Incubates Enterprises and Leads the Development of Emerging Industries
Incubation and innovation are important forces for national economy. Under the incubation of III, many new ventures are able to develop their own business models and mount the global stage with the assistance from Nankang Software Incubator (NSI) and IDEAS Show.
Armorize Technologies Inc. is the best case to present III’s 7 year developing for a successful incubation. From entering NSI to participating IDEAS Show, Armorize Technologies leveled up its research and development energy in every aspect and attracted investment from venture capital firms to expand its business globally. In 2009, it acquired investment from Estonian venture capital. In 2013, Proofpoint picked it as the merging target with 25 million US dollars. Suddenly, Armorize Technologies Inc. became one of the most powerful star-up companies in the information security market.
The first IDEAS Show started in 2008 and attracted a large number of participants the following year and the year after. This event actually brings about entrepreneurialism of innovative internet services and represents entrepreneurship energy of Taiwan. During the 6 years of the show, there were 165 companies presented themselves on stage and 27 firms acquired domestic or overseas awards. The show attracted investment accumulated to over 2.3 billion New Taiwan Dollars and the amount facilitated the establishment of various Web 2.0 start-ups including iPeen, Atlaspost, and Hiiir etc. Originality, Key to Start-up Success
IDEAS Show is the first domestic entrepreneurial competition and also the outpost before facing the challenges from all over the world. Further, the key to start-up success lies in originality. The goal, technology, team, and service constitute whether a startup will be successful or not. How to make the youth of Taiwan come up with products or services that surprise the audience with a “Wow!” becomes one of the main challenges for coaching. Through the process of application, preliminary contest, and first stage selection as well as a six minute presentation, participating teams are able to adjust their service or business models and dig out the uniqueness and futurity of their plans to draw the attention of overseas venture capital firms and improve their exposure to the international market.
Additionally, III launched “Start-up Idea Show Plan” in 2013 to encourage colleagues within the institution applying the outcomes of research projects to accelerate the development of spin-offs. Over various stage selection process, III finally chose 5 spin-off ideas out of 19 worthy of investing. With the assistance from experienced entrepreneur coaches, in the future, the members of these teams will be the new force in the blue ocean of youth entrepreneurs.
To build larger stage for all innovative teams, III signed collaboration agreements with 3 famous U.S. start-up accelerators “Mass Challenge”, “Plug & Play”, and “Rocket Space”, which lead the teams participating in overseas competitions, fighting for funds from international venture capital companies, and accepting training from international enterprises in the field.
With the assistance of three world renowned start-up accelerators, III’s IDEAS Show not only promotes the innovative and entrepreneurial culture as well as atmosphere in the Taiwanese society but also incubates and cultivates the dreams of more and more entrepreneurial teams as well as brings about the new opportunities from the next wave of Taiwan economic boom.