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NDF Business Angel Investment Program

NDF Business Angel Investment Program

Funds high-risk early-stage Taiwanese startups by matching sovereign capital with angels and accelerators.

OpenNDC (National Development Council Taiwan)Taiwan
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About

The NDF Business Angel Investment Program is a co-investment mechanism through which Taiwan's National Development Fund (NDF), administered by the National Development Council (NDC), co-invests alongside qualified angel investors, venture capital firms, accelerators, and incubators in high-risk early-stage Taiwanese startups. The program's stated primary objective is to support relatively high-ris…

What this grant funds

National Development Fund co-equity investment alongside qualified angel investors, VC firms, and accelerators in Taiwanese startups under three years old, from a dedicated NT$2 billion program budget.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.TWD 2B
Funding analytics

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Eligibility criteria

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Application process

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What you have to submit

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Last verified: 22 Jul 2026Source: www.ndc.gov.tw