Taipei, Thursday, Oct 17, 2019, 19:05

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TTA Startups Led by the MOST Won $125M Business Opportunities during the MedTech Conference 2019

Published: Oct 05,2019

Under the initiative of the Ministry of Science and Technology (MOST) of Taiwan, Taiwan Tech Arena (TTA) led 12 startups that have some of the best minds in medical technology to Boston. By showcasing their innovative tech solutions during the MedTech Conference 2019 (23-25, Sept.) and TTA Demo Day (27, Sept.), those startups had gained 125 million USD equivalent business opportunities.

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At the opening ceremony of TTA Pavilion, Director General Hsu from Taipei Economic and Cultural Office in Boston first welcomed all startup teams to Boston, and indicated that Boston is an important base for the global medical technology and life science industry. There are 16 of the world's top 20 pharmaceutical companies established here, including Novartis's laboratory, the world's leading pharmaceutical company, and GE with a large scale of bio-business also have moved to Boston.

“The AdvaMed is the most important association in the global medical technology industry, with highly professional associated companies, new startups and multinational corporations. Since Taiwan’s medical technology industry technology is quite standard, he believed that it can expand the global medical market and create more business opportunities in this Conference.” Said Ralph F. Ives, the Executive Vice President of AdvaMed (host of the MedTech Conference).

The MOST also mentioned that it has initiated TTA to assist domestic talents in connecting with the global startup ecosystems and has established a mutually beneficial partnership to create opportunities for Taiwan’s entrepreneurs to enter the overseas markets. The MOST expects to engage with international resources and investors via participating in important global events.

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