|
Purpose:
In order to further develop the venture capital
industry, foster the growth of the knowledge economy
industry, and improve the present investment
environment, the Executive Yuan's Technology Review
Committee passed a motion at a September 3rd meeting
to raise a NT$ 100 billion fund which invests in the
domestic venture capital industry.
Of the NT$ 100 billion amount, the Executive Yuan's
Development Fund will contribute 30% of the proposed
sum, while the remaining 70% will be raised from
non-governmental entities. It is hoped that through
investments made by this fund, the venture capital
industry will experience further growth and expansion.
The collective pooling of resources from the arenas of
technology, talented industry people, the market and
the fund itself can drive the industry towards the
next step in its development.
Investers:
Domestic or foreign Venture Capital Firms or Funds
that have received the approval of the Development
Fund's Financial Review Committee.
Total Investment Amount:
NT$ 30 billion of the total NT$ 100 billion will be
provided by the Development Fund; the remaining NT$ 70
billion will come from non-governmental entities.
Application Process:
¡@ |
|
Notes:
1. The Development Fund will invest no more than NT$6
million or 30% of a fund's total fund size in a single
venture capital enterprise.
2. A venture capital enterprise needs to have already
raised or have committed to them 20% of its set fund
size when applying for investment by the Development
Fund. Upon approval for investment by the Development
Fund, the venture capital enterprise then needs to
complete all fundraising within 6 months of the
Development Fund's investment. If necessary, this
deadline can be postponed once for one six-month
period.
3. Any venture capital enterprise applying for
investment by the Development Fund must have domestic
investments (disbursements) equal to or exceeding 50%
of their total investments (disbursements).
Enterprises with unusual investment situations (e.g.
investment focus on the biotech industry) must have
domestic investments (disbursements) equal to or
exceeding 20% of their total investments
(disbursements).
4. The Development Fund and any other governmental
bodies combined may not own greater than 49% of the
venture capital enterprise.
5. The sample business plan (below) is a sample only.
The order of the contents need not follow the sample.
Each applicant can and should add any contents and/or
information that they feel would be helpful in aiding
the decision process or that would set them apart from
other applicants.
6. A business plan (see sample listed below) must be
submitted with the application form and should contain
information on a VC fund or related VC management
firm. For foreign VC enterprises or newer management
firms, please view the sample below and edit your
business plan into a similar fashion.
7. Contact: International Commercial Bank of China,
Trust Department; Tel: 2349-5751 ext. 53 |
