the 2019 deep tech challenge startup competition...(incl. ar/vr) big data & ai $21b energy $1.3t...

Applied Materials Confidential

The 2019 Deep Tech Challenge Startup Competition

Applied Ventures LLC & Industrial Technology Investment Corporation (ITIC)

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First in Taiwan, Unprecedented Judging Roster

First ever competition held in Taiwan, with high-level judges:

q Applied Materials Senior Executiveq ITRI Presidentq 2 Fortune 500 Senior Executivesq University President

US$500K – 5M in potential venture investment and the vast resources of Applied Ventures and ITIC.


Part I

Introduction to Applied Materials & Applied Ventures

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semiconductor and display equipment companyWorld’s #1

Data as of fiscal year end, October 2018

AMAT stocklisting onNASDAQ

$17.3 billionrevenue

Headquartered in California’sSilicon Valley

~21,000 employees93 locationsIn 17 countries

>12,500patents

~$2.0 billionR&D spending

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Core Businesses

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Display and Adjacent MarketsSemiconductor Systems Applied Global Services

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AMAT’s Demonstrated Long Term Commitments to Taiwan

• Applied Materials (AMAT) established its Taiwan operations (AMT) in 1993. AMT has been serving customers such as TSMC, UMC, AUO, etc. AMAT further expanded its operations in Taiwan by establishing service sites in Linkouand Taichung, manufacture center and display lab in Tainan, and Logistic Hubs for Asia in Taoyuan.

• AMAT has created >1,600 high tech jobs in Taiwan in the past four years. Among the new hires, >210 were university graduates from Taiwan universities.

• On Jun 5th 2019, AMAT opened its 2nd manufacturing facility for display equipment and a new R&D lab in the Tainan Science Technology Park, totaling NT$3 billion in investments.

Hsinchu Headquarter

AMATTainan Fab II

Tainan manufacturing

center

AMATTainan Fab III

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Semiconductor is at the Foundation of Technology

SEMI / DISPLAY EQUIPMENT

SEMI DESIGN & MANUFACTURING HARDWARE DATA SERVICES

#1

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Applied Ventures ProfileStructure LLC, wholly-owned subsidiary of AMAT

Investment Professionals 7

Fund Size Invest up to $50M/year

Assets Under Management Invested ~US$300M to date

Investment Size $3M - $5M / round (early stage)up to $10M / round (later stage)

Investment Criteria • Strategic Relevance• Financial Return

Investment Scope • Seed through growth stage• Invest globally

Collaborative Approach Lead or co-invest with leading institutional investors

Portfolio Oversight Board Seat (Observer or Director)

GovernanceMonthly Investment Committee decisionsQuarterly CEO Reviews / BOD ReportsAnnual Portfolio Review

Investment Focus AreasApplied’s Core Markets:

New & Adjacent Markets:

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Applied Ventures: Corporate Venture Capital Arm of AMAT

Semi Display

Digital Mfg

Next-GenDisplays

(incl. AR/VR)

Big Data & AI

$21B

Energy

$1.3T

$150B+

LifeSci

$45B+

$200B+

$# = TAM ~2021

$42B WFE $13B DFE

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Disruptions Driven by Materials Engineering

MATERIALS ENGINEERING POSSIBILITIES

• 3D device architectures

• Compound semi / power electronics

• Advanced packaging

• Advanced deposition, etch, & patterning

• Logic & advanced processors

• New computing architectures


• High-fidelity manufacturing technologies

• In-situ metrology

• Design software

• AR/VR• High-mobility

TFTs• High-resolution

OLED • Advanced

encapsulation

• High energydensity batteries

• High-speed imaging

• Nano-fabrication / Lab-on-a-chip

INFLECTION Big Data & IoT

Artificial Intelligence

3DPrinting

Advanced Displays

Energy Storage

Personalized Medicine

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+Investors and partners network that spans multiple geographies

and industry sectors

17 countries, 90 locations,18,400 employees

ItalyMontana

Massachusetts

Texas

Germany

India

IsraelCalifornia

Singapore

Taiwan

Principal LocationsData as of 10/25/15

Corporate co-investors

Financialco-investors

Limited partner of funds in

various sectors

APPLIED MATERIALS WORLDWIDE

Korea

China

Applied Ventures: Our ecosystem of VC partners

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Applied Ventures Portfolio* (>80 Companies, 35 Exits)

11 *selected exited and active portfolio companies

IPO

IPO

Big Data & AI

IPO

IPOIPO

IPO

PLAYNITRIDE

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CASE STUDY | Adesto Technologies

AV’s Ser A investment in 2007IPO – Oct 2015

Leveraged Applied’s state-of-the-art R&D fab

Accelerated High Volume Manufacturing and successful commercialization

AV invested from Ser A through IPO. Brought in Key Syndicate Partners

Model replicated with other investments/ partnerships

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Collaboration with Applied Ventures (in addition to VC Financing)

Includes seed and university spin-outsMarket guidance and customer introductionsCollaboration: proof-of-concept

EARLY STAGE IPO

MID STAGE

GROWTHSTAGE

Access to Maydan Technology Center, META center and engineering expertiseCollaboration: JDAs, In-kind investment

IPO

Access to Maydan Technology Center, META, engineering expertise and product integrationCollaboration: JDAs, Commercial agreements


Part II

Introduction to The Industrial Technology Investment Corporation (ITIC)

ITRI: The Cradle for Nurturing Hi-tech Start-ups

Page 4 ITRI labs

ITRI

ITIC

PublicSector

SuccessfulCorporations Startups

Universities&

Incubators

Investors&

Mentors

OtherSecurities

AccountingMarket intel

1979Year founded

$6m – 250mEvergreen Fund

~300Investment made

$750mAsset Under Mgmt.

AllStages invested

90+Portfolio Exits

We invest across all sectors, but especially the following:

Electronics/Semi-conductor

PrecisionMachinery

Opto-Electronics

Biotech/Health

Automotive/Mobility

Materials CreativeIndustry

We’ve helped nurture companies with combined market cap in the hundreds of billions.

1980s 1990s 2000s-

利憶科技

BTMU

ITRI

Taiwan Company ACustom motor

IC designsolutions

ITIC

MUCAP

ITRI GreenEnergy LabSupport motor

IC design

ITICManagement,

finance & other support

Japan Company A

Sells 70% of the world’s

motors

OtherInvestors

Golden Asia Fund

*Seeking motor IC design house

*Seeking Japan Channel

Revenue Jump:2013: NT$186m2017: NT$600m2019: IPO*Product mix change improved gross margin

*Japan Company A contributed around NT$200million

BTMU

ITRI

Taiwan Company ACustom motor

IC designsolutions

ITIC

MUCAP

ITRI GreenEnergy LabSupport motor

IC design

ITICManagement,

finance & other support

Japan Company A

Sells 70% of the world’s

motors

OtherInvestors

Golden Asia Fund


Part III

Competition Details:Rules, Timeline, Selection, etc.

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Competition: Target Sectors

MATERIALS ENGINEERING POSSIBILITIES

• 3D device architectures

• Compound semi / power electronics


• Advanced deposition, etch, & patterning

• Logic & advanced processors

• New computing architectures


• High-fidelity manufacturing technologies

• In-situ metrology

• Design software

• AR/VR• High-mobility

TFTs• High-resolution

OLED • Advanced

encapsulation

• High energydensity batteries

• High-speed imaging

• Nano-fabrication / Lab-on-a-chip

INFLECTION Big Data & IoT

Artificial Intelligence

3DPrinting

Advanced Displays

Energy Storage

LifeSciences

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Competition: Eligibility

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You must meet the legal age requirement for starting a company in Taiwan.

You must not be a current ITIC/AV portfolio company.

You must be preparing to launch your startup in the next 3-6 months, or have already done so, and be ready to receive investment.

You must work in one of the sectors: semiconductors, AI, autonomous vehicles, display technologies, 3D additive printing, and life sciences.

You must be either based in Taiwan, or have significant collaboration with Taiwan, or have plans to do so in the near future.

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Competition: Value for Winning Startups

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Interface with experts & decision-makers

Vast resources from AV & ITIC

Cash Prize Potential Venture Investment

Personalized coaching (for finalists)

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Competition: Timeline

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OCT 11 Application closes

OCT 25 Up to 10 Finalists announced

NOV 5 Coaching for finalists

NOV 12 Final Competition

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Competition: Materials to Submit

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1 Business Plan (Deck format ok)

2 Video (strongly encouraged)

3 Other

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Competition: Business Plan Content

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CompanyBackground

Basic company background, country of incorporation基本公司背景、註冊國家

Date founded公司/團隊組成日期

Market Analysis

Market need/problem市場缺口/問題

Total addressable market size整體市場規模

Serviceable addressable market (after excluding big players)有效市場規模（減去大廠之市佔率後，市場還有多大？）

KEY POINT

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Core Tech / Competence

Key technology (Basic concept, how does it compare to current standards?)關鍵技術（基本概念，與產業標準相比）

Proof points, data or results佐證的資訊、數據、或成果

Product or Solution or Proof of concept主要產品/解決方案或概念驗證

3-5 Year Product roadmap三到五年產品開發計畫

Competitive advantages relative to incumbents and/or emerging competitors競爭優勢（與市場上現有競爭對手與新的競爭對手相比）

SUPER KEY

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Core TechContinued

Entry barrier對競爭對手的進入門檻

Potential technical and commercial synergy with Applied Materials or ITRI與應用材料及工研院的潛在技術及商業綜效

Business Model

Revenue stream – how do you bring in revenue?如何創造營收

Pricing & cost structure定價及成本結構

Burn rate每月開銷

KEY POINT

SUPER KEY

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Sales & Marketing

How to expand and grow customers業務開發計畫

Distribution channels & margins販售管道和利潤

Strategic partners & marketing strategy策略夥伴與行銷策略 (若與其他公司有商業合作實際經驗或規劃，請註明)

Team Key members' positions and CV主要成員職稱和履歷

Prior experience working together團隊成員先前合作歷史

Key advisors重要顧問

KEY POINT

KEY POINT

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Financials Next 3-5 years’ financial projections未來3-5年財務計畫

FundingRequirements

Use of funding如何運用募到的資金

Cap table資本結構表

| Applied Materials Confidential

Thanks

Q&A

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the 2019 deep tech challenge startup competition...(incl. ar/vr) big data & ai $21b energy $1.3t...

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