October 14, 2019: G Camp, a project by Institute of Information Industry (III), and BlackStorm Consulting announced their cooperation to enhance the competitiveness of Taiwanese companies in the international playing field.
In recent years, Taiwan – the once Asia’s hardware manufacturing hub has been actively cultivating its startup ecosystem. Its strategic geographic location has helped the island to developed strong relationships with many developed Western and Asian economies. There are also many reasons that made Taiwan an attractive place to do business. Taiwan has the fastest internet speed in the world (followed by Singapore), well-established IP protection (ranked 20th-best intellectual property environment in the world) and produced strong tech talent (approximately 10,000 computer scientists and information systems management graduates per year).
Taiwan is also the world’s largest supplier of contract computer chip manufacturing and a leading a LCD panel manufacturer, DRAM computer memory, networking equipment, and consumer electronics designer and manufacturer. In fact, many major hardware companies originated from the island, which includes Acer, Asus, HTC, Foxconn, TSMC and Pegatron.
Southeast Asia on the other hand is a region that businesses cannot afford to ignore. ASEAN is expected to become the 4th largest economy in the world by 2030 with a population of more than 662 million people. Although Southeast Asia is one of the promising markets, it is also a fragmented one with more than 1,000 languages and comprises multiple cultures. Emerging markets within the region are rising rapidly, resulting in more attention from entrepreneurs and investors.
BlackStorm Consulting, as known as a business scaler in Southeast Asia strives to share our knowledge of this region to stakeholders in the Taiwanese ecosystem. In this partnership, BlackStorm Consulting will be providing a wide range of consultancy services in areas such as business transformation and business growth. With a vast knowledge in venture building, technology deployment strategy, structuring and scaling business, BlackStorm Consulting encourages innovation by maintaining an ecosystem for stakeholders to communicate and collaborate.
Towards this partnership, BlackStorm Consulting feels it is of paramount importance that businesses undergo various levels of preparation prior to scaling into foreign markets.
III, established in 1979 through the joint efforts of public and private sectors in Taiwan, aims to increase innovative applications of ICT and to facilitate the development of digital economy and develop the talents of the next generation. In the past 40 years, III has greatly contributed to the pioneer research and development in information and communication technology (ICT), the deepening and broadening of information applications, as well as the training and education of talents in the field.
G Camp urges businesses to think out of the box and look for gaps to fill amid the prevailing volatility in the global business world, citing that “innovation is not about ideas, it is about solving problems and executing in the right market”.
To escalate the positive results of this collaboration, BlackStorm Consulting and G Camp are in the midst of organising a fruitful trip for selected startups to Finland in November this year. Activities include matching startups of a range of verticals with local partners and holding a Demo Day with Maria 01, a Finland startup campus.
We look forward to catalysing every company to their fullest potential with the advanced expertise and experience that III brings to the table.
About BlackStorm Consulting
BlackStorm Consulting (http://blackstormco.asia/) is a Singapore-based boutique growth consultancy firm that specialises in corporate strategy, profit management and investment management. We scale businesses in Southeast Asia. Our clients and connections are internationally present and range from small and medium sized businesses, MNCs, to government agencies.
About G Camp (Institute for Information Industry)
At G Camp (https://web.iii.org.tw/), our mentor would provide assistance for startups for global expansion to create the next unicorn, which included entrepreneurial belief, international market entering, corporate collaboration, startup expansion management, investment relationship, and global fundraising. G represents “Growing”, “Global”, and “Go”, creating an environment that accelerates startups growth and internationalization.