TAIPEI (Taiwan News) — Taiwan’s Financial Supervisory Commission held a launch ceremony Tuesday for its Asia Innovation Capital project to boost the country’s capital market and draw global startups, CNA reported.

FSC Vice Chair Chuang Hsiu-yuan (莊琇媛) said the project reflects Taiwan’s ambition to combine finance and innovation. She described it as a new milestone that could help the country discover its next generation of industrial leaders.

Chuang said Taiwan’s semiconductor supply chain plays a key role in the global AI ecosystem. She added that the FSC wants to use capital power to help industries grow and turn local “hidden champions” into future stars.

Taiwan Mobile CEO Jamie Lin (林之晨) said the platform could attract quality foreign startups to list in Taiwan. He added that it would also give local investors easier access to global innovation and help Taiwanese firms expand regionally.

Chiu Te-cheng (邱德成), chair of the Taiwan Venture Capital Association, said Nasdaq’s value grew tenfold in two decades by supporting startups. He noted that Taiwan could follow a similar path if it builds a flexible, startup-friendly market.

The Asia Innovation Capital project focuses on improving both stock and bond markets through 13 initiatives. These include easing listing rules for foreign companies, expanding trading flexibility, and allowing foreign-currency bonds to be dual-listed in Taiwan, per the FSC.