TIER was commissioned by SMEA to carry out the "Small and Medium Enterprise Value Innovation Project" from 2015 to 2018. The goal of the project is to promote market transparency and information efficiency in order to eliminate investing and funding risks arising from information asymmetry and to enhance start-ups' competencies in identifying business opportunities. While carrying out the project and providing "FINDIT," an early-stage funding database, TIER also organized various activities including fundraising mentorship, lectures, matchmaking events, Global Angel & Venture Investment Summit. Besides hoping to accomplish the aforementioned objectives through both online and offline channels, we also hope to improve the funding environment to make the early-stage funding market more active.
In terms of the results achieved during the project implementation period from 2015 to June 2022, 34 matching events were organized, which were participated by 520 startups and 1,558 investors (total headcount). As of November 2022, this project has created 15,006 matching opportunities for startups, leading to 155 venture fund injections amounting to NT$3.57 billion (disclosed by 127 startups funding deals) through matching or mentorship. The total percentage of venture capital reception was around 30%, which means one in 4 startups would receive investment, and direct investment accounted for nearly 18% in FINDIT's 155 funded deals.
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