Top Taiwan Venture Capital Group independently manages funds exceeding NT$12 billion and assists the National Development Fund, the Industrial Development Bureau, and the Small and Medium Enterprise Administration in investing and supporting domestic companies. CID focuses on globally competitive businesses, internationally scalable services, China’s domestic-demand-driven sectors, as well as biopharma, new drugs, equipment, and distribution services within the biotech and healthcare industries, along with other innovative growth-oriented businesses.

Cherubic Ventures is the only institutional angel investment firm active across both China and the U.S., with teams based in San Francisco, Beijing, and Taipei. Founded in 2014, it currently manages assets of over US$300 million. Representative investments include Flexport, hims, Calm, Virgin Hyperloop One, Wish, Ring, Liulishuo (LAIX), Pinkoi, and iKala.

With the recent rise of innovation and entrepreneurship in Taiwan, Hoton completed the establishment of the “CDIB Innovation Acceleration Fund” in 2017, with a fund size of NT$1.29 billion. The fund focuses on four areas: cloud networking, IoT, mobile internet, and next-generation e-commerce. It also collaborates with Taiwan’s largest entrepreneurial community, Meet Digital, to build Taiwan’s largest innovation and entrepreneurship resource platform, integrating resources from CDIB Financial Holdings, industry, educators, communities, and media to accelerate the growth of startups and assist Taiwanese companies in entering overseas markets.

AppWorks (also known as the AppWorks Accelerator), based in Taipei, Taiwan, primarily operates as a startup accelerator, with early-stage (Seed, Series A, B, C) venture investments as a supplement. It provides three main services for entrepreneurs and startups: accelerator programs, venture investment, and AppWorks School. As of the first half of 2022, the ecosystem formed by AppWorks Accelerator alumni includes 457 active startups, 1,448 entrepreneurs, a total valuation of USD 32.6 billion, total fundraising of USD 5.4 billion, total annual revenue of USD 17.5 billion, and a total of 21,353 jobs created.

AppWorks manages three venture funds with a combined total of USD 212 million. The main shareholders of AppWorks Fund III include Taiwan Mobile, Fubon Life, Cathay Life, Wistron, Hongtai Group, Capital Securities, and the National Development Fund, among others.