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Health care industry

Taiwan and Israel to Establish Joint Fund for Telecommunications and Life Sciences

Strategic Insights

— 1 min read

Taipei's Executive Yuan Development Fund and Israeli venture capital firm GIZA are set to collaborate in investing in Taiwan's telecommunications and life sciences sectors, with the goal of introducing high-end expertise and upgrading Taiwan's design and R&D capabilities. This cooperative venture, the first of its kind between the two countries, aims to funnel at least 20% of the fund's capital into domestic sectors. The plan was hailed as a significant step forward by the Council for Economic Planning and Development (CEPD), which has already begun scrutinizing the cooperative venture. CEPD Vice Chairman Yeh Ming-feng's on-site visit to Israel last week underscored the commitment to this partnership.

Key Takeaways:

  • The joint fund aims to invest in Taiwan's telecommunications and life sciences sectors, with a focus on introducing high-end expertise from Israel.
  • The Executive Yuan Development Fund will require at least 20% of its capital to be funneled into the domestic telecommunications and life sciences sectors.
  • Over 130 enterprises backed by GIZA Venture Capital are listed on the Nasdaq, highlighting the firm's successful investment track record.
  • CEPD Vice Chairman Yeh Ming-feng's on-site visit to Israel last week demonstrated the council's commitment to the partnership.
  • This cooperative venture is the first of its kind between Taiwan and Israel, marking a significant step forward in bilateral economic cooperation.
  • The establishment of the joint fund is expected to upgrade Taiwan's design and R&D capabilities in the targeted sectors.
  • GIZA Venture Capital is headquartered in Tel Aviv, Israel.
  • The Executive Yuan Development Fund was established in 1973 to promote Taiwan's industrial development.

Statistics:

  • At least 20% of the joint fund's capital will be invested in Taiwan's domestic telecommunications and life sciences sectors.
  • Over 130 enterprises with investment from GIZA Venture Capital are listed on the Nasdaq.
  • The Executive Yuan Development Fund was established in 1973.
  • The fund aims to introduce high-end expertise from Israel into Taiwan's telecommunications and life sciences sectors.
  • CEPD Vice Chairman Yeh Ming-feng made an on-site visit to Israel last week.

Sources:

  • CNA (No date mentioned)
  • Asia Pulse (Aug 20)

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