The Taiwan Venture Capital Association (tvca) was borne of its predecessor, the Taipei Venture Capital Association, a non-profit organization founded on April 17, 1992. It was comprised of the 22 venture funds registered in Taipei. Wen C. Ko, chairman of WK Technology Fund, was the Taipei Venture Capital Association’s first chairman, followed by Ding-Hua Hu, chairman of Chien Kung Venture Capital Corporation, and Paul Wang, chairman of Chinatrust Venture Capital Co., Ltd.
1997, the number of venture funds in Taiwan had grown to 72; apart from funds registered in Taipei, three others had been established in Hsinchu. Therefore, in order to better serve the nation’s venture enterprises, it was decided in 1998 to apply with the Ministry of the Interior to change the nature of the Association into a national organization.
The Taiwan Venture Capital Association was officially established on May 20, 1999. Paul Wang, chairman of Chinatrust Venture Capital Co., Ltd., was elected as tvca’s Chairman, and was re-elected as Chairman at tvca’s Annual Meeting on April 2, 2002.
As of the end of 2001, the tvca has 176 venture fund members, managed by a total of 79 venture capital firms, with total paid-in capital exceeding NT$134.1 billion. The tvca’s Board of Directors is comprised of 30 directors and 9 supervisors.