Innovation and entrepreneurship have become a prominent factor in driving economic growth, and an entrepreneurial wind has been set off around the world. According to the "The Global Startup Ecosystem Index Report 2021" released by StartupBlink, an internationally renowned research institute for new ventures 7th in Asia Pacific; Taipei ranked 41st among 1,000 cities in the world, and is regarded as the fastest-growing innovative city in the entrepreneurial ecosystem. New and innovative resources dominate Taiwan Taipei City's entrepreneurial ecosystem can occupy a place on the international map. In addition to its solid industrial development conditions, the key lies in the Taipei City Government's comprehensive strategy of innovation and entrepreneurship, and is committed to building Taipei City as the most suitable city for innovation and entrepreneurship in Asia. In response to the various needs faced by entrepreneurs such as capital, marketing resources, investment environment optimization and regulatory adjustment, the "StartUP@Taipei"
Entrepreneurship Service Office has been established Photo Restoration Service since 2014 as a single window to introduce one-stop entrepreneurial solutions and provide consulting. , talent cultivation, financial assistance, field support, ecological links and docking exchanges and other software and hardware resources needed in the entrepreneurial process. Since its establishment, "StartUP@Taipei" has assisted more than 30,000 entrepreneurship consultations, provided 2 billion yuan in incentives and subsidies, and assisted enterprises in various financing and loan approvals of more than 2.5 billion yuan. According to various surveys such as the entrepreneurial ecosystem, new entrepreneurs believe that "startup grants" and "startup loans" are the most helpful. To this end, the North City Government has made every effort to help in terms of funds. The Taipei City Government Industrial Development Bureau (referred to as the Industrial Development Bureau) stated that the number of newly established companies in Taipei City exceeds 16,000 every year. In response to the most needed capital needs in the process of entrepreneurial development, it provides the "Taipei City Industrial Development Award and Subsidy Program". There are two categories of “painting” and “five financing loans”, aiming at different development stages, from entrepreneurship, R&D, and branding to all-round incentives and subsidies, w
hich can immediately help in the development of enterprises, with a maximum subsidy of NT$5 million. Figure 1. Group photo of the 2021 Taipei City Highlights Award Ceremony Photo Credit: Taipei City Industrial Development Bureau Group photo of the 2021 Taipei Highlights Enterprise Award Ceremony Not only that, the Taipei City Government leads the local governments in the country to provide the most diverse and most favorable financing projects. Through various financing preferential measures, it is convenient for Taipei City youth, SMEs and social enterprises to obtain working capital. For example, the "Easy Loan" measure was pioneered to simplify the application process for SME financing loans; for youth entrepreneurship financing loans, the interest was fully subsidized by the Industry Bureau. It is worth mentioning that Beijing City is quite friendly to social enterprises. It pioneered the “Social Enterprise Preferential Loan” and the “Social Enterprise Start-up Loan” with the lowest policy loan in the country, providing the most powerful financial support for social enterprises. In addition, there is a maximum of 30 million yuan for property incentive loans. In the future, we will continue to innovate. By increasing the quota, expanding simple loans, recruiting new lenders, and adding potential high-quality mechanisms, we will make further progress in financing loans in Taipei City.