A group od people in a large exhibition area with the Startup Island TAIWAN logo visible on a table in the foreground

Taiwanese tech companies are making significant strides in Southeast Asia. By leveraging innovative solutions, they address market demands across various sectors. Notably, on 28-30 October 2024, Startup Island TAIWAN and Startup Terrace Kaohsiung led the Taiwan ecosystem to SWITCH 2024, partnering with Taiwan Stock Exchange and United Innovation, the only accelerator established by a media group in Taiwan.

From secure identity technology to advanced healthcare devices, lifestyle booking platforms, and digital signature solutions, these companies are not only forming strategic partnerships but also raising capital and expanding their presence in the region. With recent achievements and a growing network of collaborations, Taiwan’s tech ecosystem is increasingly playing a crucial role in driving technological advancement and fostering economic integration within ASEAN markets.

Also read: Taipei City Launches “Global Pass” to support Taipei startups in expanding abroad

Taiwanese tech innovators expanding across Southeast Asia

First, SWITCH 2024 highlighted FUNNOW Group, a lifestyle booking platform in Greater Southeast Asia. Following the merger with Eatigo in 2023, FUNNOW Group has seen its membership base triple. The Food & Beverage (F&B) sector accounts for over half of the company’s business and has become a central focus for FUNNOW Group’s sustained operations in Greater Southeast Asia. Since its family brand, Eatigo, began operations in Singapore, it has partnered with renowned establishments. This includes the Singapore Marriott Tang Plaza Hotel and the Fullerton Hotel.

Another featured innovator is DottedSign by KDAN, an eSignature solution designed to enhance operational effectiveness for organizations. It has achieved 20% growth in user base and revenue compared to last year. This growth was driven by significant client acquisitions in financial institutions, education, and real estate. Its impact is expanding through its new Singapore office, opened in May this year to support its ASEAN expansion. As a result of its progress, the Financial Times recognized KDAN among the Top 500 High-Growth Companies in the Asia-Pacific.

In addition, AIRA has debuted in Singapore, signing a distribution contract with Evvolabs. Specifically, it deployed its cross-camera tracking solution at Singapore Airport. With half of its eight distributor contracts in Southeast Asia, AIRA is swiftly becoming a trusted name in secure identity solutions. Its distributor contracts are located, for instance, in the Philippines (Netdoc), Thailand (CCTV Thailand), Indonesia (Hotware Indonesia), and Vietnam (DNG Vietnam)

Finally, tech company FREE Bionics specializes in advanced exoskeletons. It partnered with Thailand’s Thonburi Hospital to deploy its FREE Walk and NimBO rehabilitation devices. As a result, it is supporting hundreds of local patients with precise therapies. FREE Bionics recently completed a US$15M Series B funding round, led by WISTRON, USCI Japan, and the National Development Fund (NDF). It aims to extend its rehabilitation tech across the ASEAN healthcare market.

Also read: Taiwanese startups join forces with Southeast Asia to venture into Tokyo, Japan

SWITCH to Taiwan’s tech innovation scene

Startup Island TAIWAN focuses on helping startups connect with key resources in Southeast Asia. As a result, it helps ease their efforts in landing the market. This year, the national startup brand hosted the event “IPO in TAIWAN: Why It Matters to Southeast Asia.” The event was done in collaboration with the Taiwan Stock Exchange and AppWorks,

Taiwan’s capital market has reached a total value of 70 trillion NTD (around 2.2 trillion USD). In addition to AI, the Taiwan Stock Exchange is focused on developing six key industries. This includes biotechnology, healthcare, digital technologies, cloud computing, environmental solutions, and green energy. Through this event, investors and startups gain comprehensive insights into how Taiwan’s capital market can serve as a new fundraising channel for the ASEAN ecosystem.

Startup Island TAIWAN is Taiwan’s national startup brand backed by the National Development Council. It is dedicated to showcasing Taiwan’s innovative capabilities to the world. For more information about Taiwan’s startup scene on the global stage, please follow Startup Island TAIWAN’s official website and social media accounts.

—

This article is sponsored by Startup Island TAIWAN

We can share your story at e27, too. Engage the Southeast Asian tech ecosystem by bringing your story to the world. Reach out to us here!

Featured Image Credit: Startup Island TAIWAN

The post Taiwan’s innovation in ASEAN tech landscape: making new strides through SWITCH appeared first on e27.