TIMELINE
The award selection process includes two types: ONLINE and ON-SITE competitions. Teams can participate in both with no entry limits.
ONLINE COMPETITION
- The award selection process is through online competitions. Teams can participate with no entry limits.
- Online registration: Interested participants can fill in the registration form online at any time.
- Qualification review: The organizer will conduct a qualification review and confirm the competition category in accordance with the regulations.
- Initial review: The contents of the concept paper will be reviewed. Based on the review results, candidates will be notified whether they will proceed to the secondary review. Candidates that pass the initial review must submit the “IC Innovation Acceleration Platform Resource Requirement Application Form”
- Secondary review: It will consist of a 20-minute online presentation and Q&A.
- Results will be announced approximately two weeks after review based on application volume.
ON-SITE COMPETITION
- Participate in designated international benchmark exhibitions like Viva Technology 2024 and CES 2025. Results will be announced after the pitch during the exhibition.
- May. 14
- Sep. 4
- Oct. 17-19
- Jan. 31, 2025
CATEGORIES & ELIGIBILITY
All participants must comply with the 2024 IC Taiwan Grand Challenge Pilot Program.
IC Taiwan Grand Challenge consists of 2 categories
IC DESIGN INNOVATIONS
Academic research or startup with proprietary IC design technology and core IP, planning and developing innovative chips.
CHIP-BASED INNOVATIVE APPLICATIONS
Academic research or startup with domain knowledge in various industries and planning to combine existing chip technologies for implementation:
-
Smart Data & AI
-
Smart Medtech
-
Smart Mobility
-
Sustainability
-
Smart Manufacturing
Am I eligible to apply?
We welcome teams that are:
- Startups, legal entities, academic research institutions, and individuals that plan to collaborate with Taiwan’s semiconductor industry.
- Must be a startup set up after January 1, 2016.
- Must own or have legal access to the intellectual property rights of the product, technology, or solution.
- Teams applying for Online Competition must submit Concept Paper detailing core technology, solved situations, future issues and solutions for Taiwan, business model, and market expansion plans.
CATEGORIES & ELIGIBILITY
All participants must comply with the 2024 IC Taiwan Grand Challenge Pilot Program.
IC Taiwan Grand Challenge consists of 5 categories
Participating teams need to actively leverage innovative IC design to develop advanced application solutions or enhanced technologies across the following categories:
SMART DATA &
AI
smart mobility
SMART
manufacturing
SMART medtech
sustainability
Am I eligible to apply?
We welcome teams that are:
- Startups, legal entities, academic research institutions, and individuals that plan to collaborate with Taiwan’s semiconductor industry.
- Must be a startup set up after January 1, 2016.
- Must own or have legal access to the intellectual property rights of the product, technology, or solution.
- Teams applying for Online Competition must submit Concept Paper detailing core technology, solved situations, future issues and solutions for Taiwan, business model, and market expansion plans, also submit Application Form for IC Innovation Acceleration Platform Resource Requirement within the given time frame.
- Teams applying for On-site competition must submit Application Form for IC Innovation Acceleration Platform Resource Requirement, and each competition will be conducted according to its regulations.
JUDGING CRITERIA
Experts from Taiwan’s industry, venture capital, and relevant government departments form a committee to select the winning team.
- Specific resource requirements and development plans in Taiwan
- Ability to provide broader development plans for Taiwan’s industries
- Ability to drive technological innovation potential and create social welfare
- Contribution to promoting new industrial links or promoting industrial upgrading
- Effectiveness of introducing derivative investments or creating high economic value
- Innovations in emerging application fields
- Innovations and developments in the manufacturing process, design, and application of new materials
- Ability to integrate the advantages of diversified innovation and integrated cross-domain thinking
40%LOCAL
CONNECTIVITY
40%VALUE CREATIVITY
20%TECHNOLOGICAL INNOVATION
- Have resource needs and specific development plans in Taiwan.
- Can provide broader development space for Taiwan’s industry.
- Can drive technological innovation potential and create social welfare.
- Contribution to promoting new industrial links or promoting industrial upgrading.
- The effectiveness of introducing derivative investments or creating high economic value.
- Innovation in emerging application fields.
- Pioneering in the fields of manufacturing process, design, and application of new materials.
- Able to integrate the advantages of diversified innovation and integrated cross-domain thinking.
Awards
Experts from Taiwan’s industry, venture capital, and relevant government departments form a committee to select the winning team.
- Award recipients are required to have at least one team member participate in industry matchmaking events for a minimum of one month in Taiwan prior to signing the investment agreement. The matchmaking process will be tailored to the specific needs of the award recipients and the prize will be disbursed upon the completion of their obligations in Taiwan.
- Based on the award recipients' resource needs for development in Taiwan, funding will be provided upon approval by the NSTC. This support may include access to EDA tools, silicon intellectual property licensing services, IC design services, and wafer shuttle services, as required for chip development. Each award recipient may receive up to USD 3 million in total. Equity exchange will generally be conducted using the SAFE (Simple Agreement for Future Equity) model. If SAFE is not applicable under the relevant national regulations, alternative equity exchange methods will be negotiated.
A review committee composed of senior technical experts from Taiwan's semiconductor industry and venture capital professionals will evaluate the resource requirements proposed by the award recipients. Based on these needs, industry experts will be arranged to provide professional mentorship and consultation to the award recipients.
Awardees will qualify for access to TTA facilities, including locations in Taipei and Kaohsiung (https://www.taiwanarena.tech/), as well as related business development support. A dedicated mentorship manager will serve as a liaison between the winning teams and advisors/mentors, assisting in connecting the awardees with the necessary resources.
A LANDING PRIZE OF USD 30,000
& INDUSTRY CHAIN LINKAGE
& INDUSTRY CHAIN LINKAGE
INDUSTRY EXPERT REVIEW AND
MENTORSHIP
MENTORSHIP
LANDING RESOURCES
An initial funding of USD 30,000 will be provided for teams coming to Taiwan. Based on actual needs, teams will be offered in chip development during the project execution period, including access to EDA tools, silicon intellectual property licensing services, IC professional design services, and shuttle services for multi-project wafer (MPW) runs, with a total cap of USD 3 million. This will primarily be conducted through a SAFE (Simple Agreement for Future Equity) model for equity exchange. If the SAFE is not applicable under the regulations of the respective country, alternative equity exchange methods will be negotiated.
A review committee will be formed by senior technical experts from Taiwan's semiconductor industry and venture capitalists. The committee will review the resource requirements proposed by startups on the platform. Based on the identified needs, mentors will be arranged to provide professional guidance and consultation to the selected startups.
Provide the winning team with the access for office space rental at Taiwan International Start-up Base - Taiwan Tech Arena (TTA) and TTA South (https://www.taiwanarena.tech/) and related business development. The coaching manager serves as a bridge between selected teams and consultants/industry mentors, helping entrepreneurs connect with the necessary resources.