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Business Angel Investment Program

Business Angel Investment Program

Funds Taiwanese high-risk startups by matching sovereign capital with angels and accelerators before year-three.

OpenNational Development Fund — Executive YuanTaiwan
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About

The Business Angel Investment Program is a sovereign co-investment initiative of Taiwan's National Development Fund (NDF), which operates under the Executive Yuan and was established in 2006 through the merger of the Development Fund and the Sino-American Fund for Economic and Social Development. The NDF's statutory mandate, grounded in Article 29 of Taiwan's Statute for Industrial Innovation, is …

What this grant funds

Co-invests NT$2 billion of sovereign capital alongside qualified angel investors, VC enterprises, and accelerators in high-risk Taiwanese startups less than three years old.

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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Industries

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Eligibility criteria

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Last verified: 24 Jul 2026Source: www.df.gov.tw