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Ministry of Science and Technology - TTA+ iCAN

IAPS Startup Acceleration Program

A. Purpose

IAPS (Centre of Industry Accelerator and Patent Strategy, National Chiao Tung University) is a

university-affiliated and tech-focused startup accelerator. In order to drive the commercialization of

academic R&D results and to advance the growth of tech startups on a global scale, IAPS offers

iCAN project and global acceleration programs at Taiwan Tech Arena (TTA) under the support of

the Ministry of Science and Technology.

In 2020, IAPS’s 4th batch of TTA acceleration program focus on 3 main themes: Investment,

Corporate Innovation and Global Market Entry. We are looking for tech startups in AI, IoT, ICT,

AgriTech, FoodTech, Biomedical Tech, Green Energy Tech, Circular Economy, Digital Lifestyle

Services and Sports Tech to join our IAPS-TTA to receive extensive mentoring and matchmaking

with local and global investors, corporates and other ecosystem builders.

B. 2020 Batch #2 Timeline

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C. Schedule

The application deadline for 2020 Batch #2 is June 15th , 17：00.

2020 Batch#2

Application Deadline May 15th – June 15th

Program Orientation June 4th

Application Online application

Application Review End of June

In-person Interview July 2nd (tentative)

Announcement 1 day after Interview

Acceleration Program July 15th – November 15th

Admission ~10 teams

Subsidy Application Program Admission to end of November

D. Qualifications

1. A registered startup company or a to-be-registered research spin-off

2. Product/service is tech-based

3. Product/service involves an innovative technology and/or innovative business model

and is in urgent need to grow and scale-up.

D. Application Proposal

Please fill out the Application Online (https://forms.gle/n2MbdW1i4Y7qaGbb7), OR submit the attached application package to IAPS before the deadline, which includes Attachment 01

【Application Proposal】, Attachment 02【Affidavit Letter】, and please upload a 10-15 page

【Business Plan Deck】. Any late or incomplete submission will not be accepted upon the

application deadline.

E. Review and Selection Process

1. Application Review

IAPS will invite experts from various fields to review the applications.

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2. In-person Interview

1. Invited applicants will give a 6-minute pitch to the judge panel plus 4 minutes of

Q&A (Total 10 minutes).

2. The judge panel will consist of professional investment firms, corporates, angel

investors and other industry experts.

3. Please have the CEO or core team member to represent the startup and present to the

judge panel.

4. The results will be announced on IAPS’s official website (https://iaps.nctu.edu.tw) , iCAN's website (http://ican-iaps.com.tw/) and our Facebook page.

F. Criteria and Weight

1. Core Technology and Innovation (25%)

2. Market Opportunity and Feasibility (25%)

3. Funding Plan (10%)

4. Team Eexecution (40%)

Criteria Weight Details

1 Core Technology and

Innovation 25

� Core technology barrier

� Product/service readiness

� Clear identification of potential customers

� Clear market positioning

2 Market Opportunity and

Feasibility 25

� Operation strategies and business model

� Market and customer needs

3 Funding Plan 10

� Completeness of business plan

� Financial stability

� Investment returns

4 Team Execution 40 � Team organization and capabilities

� Personality Trait of the CEO

5 Business Needs � Overseas Market Entry £ Japan £ Thailand

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(for acceleration) £ Malaysia £ Singapore £ India £ France

� Corporate Engagement _______________

Total 100

G. Acceleration Program

1. Once a selected startup is admitted into the acceleration program, the program will

run for 4 months, where the content and activities will be tailor-made to each

individual startup’s status and needs.

2. The program will provide customized resources such as expert mentoring, domestic

and overseas exhibition opportunities, fundraising and business development

services.

1. Mentorship：The program will invite industry and academic experts from

fields related to the startups to act as mentors, and to give lectures, coaching,

seminars, bootcamps and other activities that are diverse in course content and

depth.

2. Corporate Engagement：In order to drive collaborations between corporates

and startups, the program will provide the network and guidance to effectively

introduce new product and technology into the supply chain of large and

medium-sized corporates.

3. Fundraising：The program will invite venture capitals, angel investors and

corporate investment departments to participate in investor matchmaking events,

business opportunity matchmaking and other related events to maximize

startups’ fundraising channels and opportunities. Multiple partnering funds of

IAPS will also involve heavily during the application review period and

throughout the program.

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4. Domestic and Overseas Marketing Channels：The program

will provide exclusive opportunities for startups to participate in various

international events and activities with the support of our global partners

(Startup Go!Go! from Fukuoka, Japan / Accrete Innovation from Singapore /

BIC, NSTDA from Bangkok, Thailand / ISBA from India / TBV Capital from

Malaysia), such as large expos and business matchmaking events.

H. Incentives

1. TTA Residency: 10,000 NTD of space access fee.

2. Corporate POC/NRE:

a. Qualifications: Signed POC/NRE collaboration with a corporate, to apply for a

subsidy of 0.5 million to 1million NTD.

b. Processes: If the application qualifies for the subsidy, upon completing the

necessary procedures set by IAPS and the designated execution unit, the startup

will first receive 80% of the applied subsidy amount. Upon providing the related

documents, receipts and invoices within the program timeline, and after these

documents have been fully inspected and confirmed by IAPS and the designated

execution unit, the startup will then receive the remaining 20%.

c. The details of the subsidy application guidelines will be provided to the selected

startups of the 2020 #2 batch.

3. International Events: For global events, exhibitions and other opportunities for

exposure that are related to IAPS’s global partners, IAPS can provide subsidies to

selected startups from the program, which can be used toward plane tickets,

accommodation, exhibition booths, market development and related expenses. The

specific amount will be will be determined by IAPS and will follow the official travel

expenses regulations.

I. Rights and Obligations

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1. Rights

Selected startups have access to the different resources as arranged by IAPS according

to the different status of each individual startup, including training courses and forums,

1-on-1 extensive expert mentoring, investment, domestic and overseas startup events,

business development, corporate matchmaking, etc..

2. Obligations

(1) Cooperate with the sharing and publishing of startup experience, company

stories, public demos, and to participate in related marketing activities.

(2) Agree to provide IAPS with company status updates, such as company

introduction, trademark, contact information, investment capital, sales, operation

status, etc., that will be tracked for data collection and analysis.

(3) Provide truthful information about the company. If the reported information is

found to have violated the nature and practice of the current program or is

misrepresented, the program reserves the right to terminate the startup’s

participation in the program and request the return of all subsidies.

J. Other Notices

IAPS reserves the right to change the details of the program.

K. Contact Information

l Center of Industry Accelerator and Patent Strategy, NCTU (IAPS)

l IAPS-TTA Team (Taiwan Tech Arena)

n 3F, No.2, Sec.4, Nanjing E.Rd Songshan Dist., Taipei

IAPS-TTA 02-2570-0202 #321 iaps.tta@gmail.com

Whitney Tu whitneytu@nctu.edu.tw

l IAPS-iCan Team (Integrated Cross-campus Accelerator Network)

n R508, Microelectronics and Information building, 1001 University road, Hsinchu

Viola Sun 03-571-2121#54276 violasun@nctu.edu.tw

Janet Lee 03-571-2121#54275 janetlee@g2.nctu.edu.tw

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Attachment 01

IAPS Startup Acceleration Program: TTA+ iCAN

Application Proposal Company

Name

Industry/Field

(You can choose up to 3 options.)

□ Green Energy Tech □ Biomedical Tech □ Smart Machinery □ IoT □ ICT □ Arms Industry & Defense □ AgriTech □ Circular Economy □ AI □ Digital Lifestyle Services □ Sports Tech □ Others________________

Company

Owner Number of Core Team

Member/Shareholding

Ratio

Number of core member

Tax ID

Number Shareholding ratio (%)

Paid-in

Capital Million USD Telephone Number

Authorized

Capital Million USD Company Website

Date of

Incorporation Month, Date , Year

Total Number of

Employees

Briefly

describe your

Company and

product (in

Chinese)

(If you are a foreign startup, please omit this part.)

Briefly

describe your

Company and

product (in

English)

Client

Composition

□ 75+ % are non-Taiwanese clients □ 50+ % are non-Taiwanese clients

□ 25+ % are non-Taiwanese clients □ 10+ % are non-Taiwanese clients

□ 1+ % are non-Taiwanese clients □ Taiwanese Market Only

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Market Entry

Status

Current and Future TargetMarket (can choose more than one, or none)

□ North America ________________ □ Europe_____________________ □ Asia_________________________ □ Others______________________

Revenue Sources

□ Has existing revenue sources, main sources of revenue are _______________________________________________________ Revenue in last fiscal year _________________USD__

□ Doesn’t have existing revenue sources Estimated date of product launch: ____________________

Acceleration Checklist

(*Required)

(You can pick up to 2 options)

□ Fundraising

1. Funding Timeline & Plan：______Month, Year______，Amount raising:

_____million (NTD)

2. Latest external investment Round:_____, Investor: ________，

Amount:______(USD)，Shareholding %: _________。

□ Marketing □ Business Development & Corporate Engagement □ Governmental Subsidies □ Overseas Market Development □ Prototyping □ Marketing □ Soft-landing for non-Taiwanese startups

Description: ___________________________________________________ ______________________________________________________________

Past

Participation

in other

Government

Program

□ None

□ Yes,

1.Year of Participation_______Name of Program___________________

2. Year of Participation_______Name of Program___________________

Other Achievements

□ Awards: ___________________________________________________

□ Government Subsides/Grants: __________________________________

□ Venture Capital / Angel Investment:______________________________

□ Other ______________________________________________________

□ None

Contact Information

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Name of Company

Representative Title

Phone E-mail

Name of Contact Person

Title

Phone E-mail

10

Attachment 02

IAPS Startup Acceleration Program – TTA + iCAN

Affidavit Letter I,____(NAME)____ from ____(COMPANY)_____ agree to the following items: 1. In participating the IAPS TTA + iCAN acceleration program, I confirm the originality of the technology and product I have proposed and will follow the related application regulations. 2. I confirm the ownership of the intellectual property rights of the technology and product I have proposed and do not infringe any other intellectual property rights. Infringements of intellectual property rights will lead to an immediate program disqualification and return all received subsidies to IAPS. 3. I am liable for any plagiarism of other people's idea or infringement of any business secrets, intellectual property rights or other actions that led to a violation of the rights of a third party. I shall bear the costs and legal liabilities should a third-party brings a claim against IAPS. 4. I agree to cooperate with the sharing and publishing of my startup experience, company story, public demos, and to participate in related marketing activities during my participation in the acceleration program. 5. I agree to change the indicated “industry sector” of my company according to the advice of the profession judge panel and issue a statement of change confirmation upon request. 6. During my participation in the program, I agree to cooperate with: (1) Company Status Tracking: Provide relevant information to the company's operation status, performance, achievements and fundraising status. (2) Marketing: Share your experience, company stories and program results in the forms of text, video, and photo. (3) Follow-up Company Status Updates: Cooperate with updating IAPS with the status and plans for your startup company. 7. I agree to authorize IAPS, its TTA program and iCAN program of the Ministry of Science and Technology, to use the information given by my company free of charge for demos, marketing, publicity, and related activities and events. Signature of Company Owner/Representative： Company Seal: Date: