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Taiwan Courts Tech Start-Ups To Drive Economic Growth


Ron Burgundy
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A mechanic examines a Gogoro Smartscooter which is connected to a tablet, in its shop in TaipeiBy J.R. Wu TAIPEI (Reuters) - Companies such as electric motor scooter firm Gogoro could hold the key to Taiwan's economic growth. In just three years, the start-up, which counts Japan's Panasonic Corp as a strategic partner and Cher Wang, the founder of local smartphone maker HTC Corp as a key investor, raised $150 million to develop the smartphone-synched bike, and a charging network for it. Gogoro's success in creating a home-grown, innovative product is precisely what Taiwan's government wants to foster as it seeks to reduce the export-driven economy's reliance on the island's world-class tech manufacturing sector.




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