HSINCHU, TAIWAN – December 1, 2011 – The second Startup Weekend event to be held in Taiwan this year moves the world-renown startup event to the hardware capital of the country and the home of the traditional ICT industry, Hsinchu, between December 2 and 4. Over 100 participants with engineering, business and design backgrounds will pitch their ideas, form teams and flesh out their prototypes in a gruelling 54-hour sprint to the final judging session on Sunday evening.

Held at the city’s prestigious National Chiao Tung University’s Innovation and Incubation Center, the event was the brainchild of Nathan Chiu, CEO of CacaFly, Facebook’s exclusive advertising partner in the Taiwan Market. “I want to bring Startup Weekend to Hsinchu to show the old hardware industry where Taiwan’s real future lies,” says Chiu, a veteran of Taiwan’s startup scene and a former NCTU alum himself. The event is co-organized by Yushan Ventures, andTaiwan Professional Group, two of the organizers of the first Startup Weekend event, held in Taipei in August. The group is rounded out by the addition of Taipei/Shenzhen based iTech VC, an investment firm that funds early stage software startups.

At the first Startup Weekend event held in Taipei, over 130 participants build 10 prototypes, four of which are still running even three months after the event. It is this kind of success that has earned Startup Weekend backing from the Kauffman Foundation, as well as industry leaders such as Amazon, Twilio, Microsoft Bizspark, and more recently, Google. Over 37% of teams continue to work on their products after three months, a significantly higher success rate than the startup average, which is just one in ten.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.