PUBLICATIONS & REPORTS

Contents Introduction

The purpose of this study is to analyze the case of Taipei Angels Investment (TA), a pioneer of angel investment institutions in Taiwan, and to clarify the development status of the angel investment industry through this analysis. TA was established in 2012 and has made significant contributions to Taiwan's startup-related industry in the following three ways: (1) Investing in and supporting a large number of startups, (2) Presenting a role model to subsequent peers, and (3) Cooperation as an investor, mentor, and expert to startup-supporting institutions and related policies. Under the influence of TA, many angel investment institutions have emerged since the latter half of the 2010s, and some have surpassed TA in terms of the number of members and portfolio companies. Some of these institutions have increased aggressively their members in a short period of time, providing a variety of learning and networking opportunities for new angel investors. Based on the increasing activity of these institutions, Taiwan's angel investment has increased rapidly since the end of the 2010s. Taiwan's angel investment industry seems to have entered the growth period in the past several years.