Startup is an enterprise with innovative technology and capabilities, which is different from a start-up.
According to the definition of a Startup by the Small and Medium Enterprise Administration, Ministry of Economic Affairs, Startup has the capacity to innovate if it has been established under the domestic law of a foreign applicant or under the Company Law or Business Registration Law of Taiwan for less than five years and meets one of the following conditions:
- Has raised at least NT$2 million in capital on a recognized domestic or foreign fund-raising platform.
- Registered on the Taipei Exchange.
- Intellectual property rights have been registered, or patents have been obtained.
- Within one year, the company has been recognized by the relevant authorities as an excellent innovation and incubation institution.
- The person-in-charge has won awards in domestic and foreign representative entrepreneurship and design competitions.
- The person-in-charge has been a finalist or winner of an important film festival in Taiwan or abroad.
- The person in charge has received a grant of at least NT$2 million from the central government or a grant of at least NT$1 million from the local government.
- Others approved by the central government.