FET Partners with Sustaihub to Launch SME Sustainability Transformation Package Integrating Energy Management and Carbon Inventory Systems

In the post-pandemic era, companies face greater challenges in technological capabilities and development flexibility. FET has taken a forward-looking approach by establishing the FET Startup Accelerator to discover Taiwan's next 'national champion.' Today (September 20), they held the Phase 2 Demo Day, where the accelerated startup teams demonstrated outstanding achievements across five major fields: ESG Net Zero, Smart Healthcare, Smart Retail, Smart City, and Finance & Insurance. Government officials including MODA Digital Industries Department Director General Lu Zheng-hua, NDC Industrial Development Division Deputy Director Chen Qiong-hua, MOEA SME Administration Deputy Director Wu Jia-ying, and National Development Fund Deputy Executive Secretary Tsai Yi-chien attended to witness and support the startup teams.

遠傳新創加速器成立二年成果豐碩　合創上億新商機

Published on:Sep 20, 2023 15 min read
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FET Startup Accelerator Achieves Remarkable Results in Two Years, Creating Over NT$100 Million in New Business Opportunities

In the post-pandemic era, companies face greater challenges in technological capabilities and development flexibility. FET has taken a forward-looking approach by establishing the FET Startup Accelerator to discover Taiwan's next "national champion." Today (September 20), they held the Phase 2 Demo Day, where the accelerated startup teams demonstrated outstanding achievements across five major fields: ESG Net Zero, Smart Healthcare, Smart Retail, Smart City, and Finance & Insurance. Government officials including MODA Digital Industries Department Director General Lu Zheng-hua, NDC Industrial Development Division Deputy Director Chen Qiong-hua, MOEA SME Administration Deputy Director Wu Jia-ying, and National Development Fund Deputy Executive Secretary Tsai Yi-chien attended to witness and support the startup teams.

Since its establishment nearly 2 years ago, the FET Startup Accelerator has successfully accelerated 37 startups, creating over NT$170 million in new digital transformation business opportunities, with induced investment and capital increase exceeding NT$320 million! FET also announced the launch of Phase 3 accelerator recruitment today, welcoming more outstanding startup teams to join.

FET Startup Accelerator Phase 2 Demo Day, with FET President Chee Ching (center), MODA Digital Industries Department Director General Lu Zheng-hua (fourth from left), NDC Industrial Development Division Deputy Director Chen Qiong-hua (fourth from right), MOEA SME Administration Deputy Director Wu Jia-ying (third from left), and National Development Fund Deputy Executive Secretary Tsai Yi-chien (third from right).

Taiwan's Startup Momentum Continues Strong, FET Accelerates Startups to Achieve Remarkable Results

FET President Chee Ching stated: "Innovation is the driving force of industry and the key to transforming ideas from inception to commercialization. If creative thinking cannot be converted into valuable applications, it is not only unfortunate for startup partners but also a loss for industry competitiveness and even national competitiveness. FET's experience in digital transformation and developing green ICT applications has strengthened our technological capabilities while accumulating rich experience from development to commercialization. These are the 'engines' that enable the 'FET Startup Accelerator' to accelerate our startup partners. FET looks forward to more outstanding startup teams joining us to grow together and transform excellent innovations into commercially valuable fruits."

FET IT and Digital Transformation Technology Group Executive Vice President Hu De-min stated: "Digital and net-zero dual transformation along with healthcare and long-term care are major trends currently capturing industry attention. The FET Startup Accelerator has carefully selected outstanding startup teams in these fields, fully assisting them in maturing and refining their technology, business operations, and commercial profit models. We are proud of the practical capabilities demonstrated by these startup teams at Demo Day, and we sincerely thank domestic and foreign venture capital firms for their enthusiastic investment, as well as the unwavering support from government leaders including NDC, MOEA, MODA, and the National Development Fund. FET will continue to work hand in hand with startup partners to promote industrial transformation and create win-win outcomes!"

Startup Teams Demonstrate Strong Potential, Moving Toward Net-Zero Future and Creating New Economy

The startup teams participating in FET Startup Accelerator Phase 2 have shown impressive achievements in ESG Net Zero, Smart Healthcare, Smart Retail, Smart City, and Finance & Insurance fields, demonstrating strong potential. As global attention to sustainability issues grows and the government has set the 2050 net-zero target, FET has partnered with "Sustaihub" to launch the [SME Sustainability Transformation Package], helping SMEs quickly adopt environmental sustainability solutions. By combining FET's "Energy Management System" with Sustaihub's "DCarbon GHG Inventory System (SaaS)", companies can understand their energy consumption and carbon emissions, and generate preliminary reports through AI, helping SMEs take their first step toward sustainability management more easily.

FET partners with Sustaihub for SME SaaS Sustainability Transformation Package

FET partners with "Sustaihub" to launch the [SME SaaS Sustainability Transformation Package], combining FET's "Energy Management System" with Sustaihub's "DCarbon GHG Inventory System (SaaS)", helping SMEs achieve integrated management and more effectively reach sustainability goals.

FET Startup Accelerator Achieves Outstanding Results, Accelerating 37 Startups with Total Investment Exceeding NT$320 Million

Since its establishment at the end of 2021, FET has actively invested corporate resources to support the Startup Accelerator. President Chee Ching and CIO Hu De-min personally serve as mentoring advisors on the front line. In nearly 2 years, they have personally conducted 65 "startup clinic" sessions, with senior executives providing over 400 in-depth mentoring sessions. Strategic investment evaluation and corporate governance health checks were arranged for 15 startup teams, comprehensively improving the teams' capabilities from inside out. In total, FET has invested over 3,500 person-times in nurturing startups, with commitment from top to bottom to drive startup development.

On external opportunities, FET has helped plan over 300 matching events with government officials, enterprise leaders, and educational leaders, and secured 110 venture capital matching opportunities. Over the past two years, it has successfully accelerated 37 startups, creating over NT$170 million in digital transformation business opportunities. In addition to FET's own active evaluation of strategic investment possibilities and investing tens of millions of dollars to support Taiwanese startups with co-creation opportunities in the accelerator, the induced investment and capital increase has exceeded NT$320 million!

Press release link: FET Startup Accelerator Achieves Remarkable Results in Two Years, Creating Over NT$100 Million in New Business Opportunities

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