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‘Taiwan needs to find its own groove’: a plea to the next president
Once Lai Ching-te is inaugurated as Taiwan’s president in May, his administration will mark an unprecedented three terms of Democratic Progressive Party
Horace Luke, founder and CEO of battery swapping and electric scooter company Gogoro, one of Taiwan’s four unicorns, has had multiple discussions with Lai about the startup ecosystem and is optimistic. A recent report by PwC and the Taiwan Institute of Economic Research found that 44.3% of startups said they lacked access to funds and capital, making it the biggest challenge for first-time and returning founders. Luke also believes that the Taiwan startup ecosystem’s best bet is to work on tech the island already excels at and that has a strong competitive moat so it can beat countries with larger economies of scale.
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