Startup Island TAIWAN Attends HITCON for a More Comprehensive Information Security Environment

From November 26th to 27th, Startup Island TAIWAN participated in the global information security conference Hacks In Taiwan Conference (HITCON) with two days of booths and an information security innovation forum. The two days of booths were designed to learn about what information security talents need for entrepreneurship. More than a hundred questionnaires were collected within the time span of two days. Startup Island TAIWAN hopes to foster a more comprehensive information security startup community through the feedback gathered and to be able to offer more international resources and government support to guide the growth of the community. The brand also coordinated the promotion of NEXT BIG’s CoolBitX to help them recruit more outstanding information security talents. President Tsai Ing-wen also visited the booth to give words of encouragement and signed on the collaboration magazine of Startup Island TAIWAN and VERSE.

President Tsai Ing-wen Visits Startup Island TAIWAN Booth

More than a thousand people attended the conference, including information security researchers from various countries. Governments and educational institutions from eight countries including the United States, Japan, and South Korea shared information security policies and technologies. Security experts shared their experiences participating in international information security vulnerability competitions and more.

Startup Island TAIWAN in Full Support of HITCON

In addition to the booth, Startup Island TAIWAN also invited startups and venture capitalists in the information security industry, including CEO of TXOne Networks Terence Liu, Senior Director of JAFCO Asia Edward Lee, President of CDIB Capital Innovation Accelerator Fund Ryan Kuo, and Founder and CEO of CoolBitX Michael Ou as speakers to Information Security Innovation Forum — How Information Security Startups can Create the Future, hoping to encourage technical talents to start their businesses by providing their experiences in entrepreneurship and fundraising.

Group Photo of Forum Speakers; (Left to right) Senior Director of JAFCO Asia Edward Lee, President of CDIB Capital Innovation Accelerator Fund Ryan Kuo, Moderator Deputy Executive Secretary of National Development Fund I-Chien Tsai, CEO of TXOne Networks Terence Liu, and Founder and CEO of CoolBitX Michael Ou

In the forum, all four speakers agreed that it is very suitable for talents in Taiwan to explore entrepreneurship in the field of information security and that there is a trend for funds to go to the information security industry, whether in Taiwan or in the global market. Ryan Kuo, President of CDIB Capital Innovation Accelerator Fund mentioned that “aside from the pharmaceutical industry, the most popular industry for venture capitalists right now is the information security industry”. When I-Chien Tsai, Deputy Executive Secretary of National Development Fund asked the speakers where is the blue ocean for the future of the information security industry, both Ryan Kuo and Michael Ou, Founder and CEO of CoolBitX specified that Metaverse includes blockchain, smart contracts, and projects on blockchain, which are all angles that technical talents can tackle. With the rapid growth of blockchain, many of the current services and products are too fragmented, resulting in an information security structure that is not yet mature, but this is also where startups and new innovations can play into. Terence Liu, CEO of TXOne Networks, and Edward Lee, Senior Director of JAFCO Asia advised that corporations are more passive when it comes to information security and usually wait for disasters to happen before allocating budgets, so startups can start with areas and industries more targeted by hackers recently.

Information Security Innovation Forum — How Information Security Startups can Create the Future

At the end of the forum, the four speakers offered their key points of entrepreneurship to the audience. First of all, entrepreneurship is a life choice, and a person must be 100% prepared before he or she starts. Secondly, the common ground to entrepreneurship in all industries is to target the actual pain points of customers. Finally, in addition to focusing on ideas, team capability and product potential are keys to venture capitals’ decisions to invest. “Don’t necessarily need to become the high-tech sacred mountain, but can support the sacred mountain when it advances forward”, I-Chien Tsai encourages future founders in the field of information security.

Vice President Lai Ching-te recently addressed in the opening of HITCON Pacific 2021 that the government is establishing a digital development department to integrate cybersecurity, telecommunications, internet, and broadcasting, and that talents are being trained in preventing future successful cyberattacks. Taiwan will only continue to improve its overall information security environment.

In the future, Startup Island TAIWAN will host more information security-related community events to help entrepreneurs become the future backbones of Taiwan’s information security. Follow Startup Island TAIWAN’s Facebook Fan Page for the latest information!

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Taiwan Startup Stadium aims to share key insights and useful knowledge regarding startup ecosystem, while showing the world why #TaiwanRocks, one startup at a time!

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Patty

Patty

PR & Mentor Relations Manager at Everiii Consulting. A TCK that’s now based in Taipei — on a mission to explore the global startup world.

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