As global attention intensifies around concepts like the “low-carbon economy,” “carbon neutrality,” “sustainable development,” and “green technology,” Canada’s startup ecosystem is emerging as a focal point for international investors.
An analysis co-authored by CommonWealth Magazine and the Canadian Trade Office in Taipei sheds light on Canada’s economic development trends. The discussion, featuring insights from Jim Nickel, the Canadian Representative to Taipei, and Ed Jager, Trade and Investment Director of the Canadian Trade Office, serves as a timely guide for decision-makers considering investments in Canada.
According to Nickel and Jager, Canada’s strong presence in the 2024 Global Cleantech 100 Report, with 13 companies listed, highlights its rapid pivot to a low-carbon economy and its strides in cleantech, advanced manufacturing, and artificial intelligence (AI).
This shift presents unprecedented opportunities for Taiwanese investors interested in these fields.
Canada stands out globally in technologies like hydrogen energy, carbon capture, utilization, and storage (CCUS), and is actively developing small modular reactors (SMRs) as part of its clean energy strategy.
In AI, Canada has also made significant inroads across sectors, including connected autonomous vehicles (CAV) and healthcare, showcasing its potential for innovation and technological transformation.
For Taiwanese enterprises and investors, this dynamic growth offers a unique opportunity to invest in Canada’s innovative advancements and participate in the global low-carbon transition.
Taiwan’s forward-thinking stance in technology and its robust manufacturing supply chain make it an attractive partner for Canadian startups seeking to enter the Taiwanese market. The two economies align well in market needs, technology collaboration, and resource integration, offering complementary strengths.Since 2021, i2i has partnered with the Canadian Trade Commissioner Service (TCS) and the Canadian Technology Accelerator (CTA) to develop global innovation programs.
This partnership supports Canadian startups in connecting with Taiwan’s startup ecosystem and exploring international business opportunities.
This year alone, they co-hosted three Demo Days, enabling 16 high-potential Canadian startups to explore collaboration opportunities with Taiwanese enterprises across various emerging industries.
i2i’s long-term commitment to advancing the IP2 Launchpad Program, which supports international startups landing in Taiwan, and the IP2 Scale Out Program, which helps Taiwanese startups scale internationally, underscores its dedication to helping Canadian startups enter the Taiwanese market. By encouraging Canadian firms to tailor their business models and product strategies to meet local demands, i2i fosters a mutually beneficial partnership.
In May 2024, Ed Jager, Trade and Investment Director of the Canadian Trade Office, participated in the Demo Day jointly organized by i2i and CTA, marking another milestone in Canada-Taiwan startup collaboration.
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