There are probably five things you didn’t know about Taiwan Startup Stadium – they are small but diverse with just 10 full-time staff from various backgrounds; they love the “F” word, flexibility that is; they love to grow through challenges outside their comfort zones; their Wednesdays are optional so you might not find them in the office on that day; and lastly, they know how to chill as every Friday at 4.30pm is Happy Hour.
Taiwan is stepping up efforts to turn itself into Asia's Silicon Valley. One major challenge impeding its start-ups is a culture that shies away from taking risks. This is something industry and government is working hard to change.
I recently visited Taiwan with an eye towards learning how the country was fostering innovation and was impressed by the vision and methodical approach. Much like a top company’s strategic plan, it took stock of: • Core competencies and competitive advantages • Global high tech industry trends and population needs • Historical country-wide bottlenecks and cultural issues that could hinder innovation