NDF National Investment Company (Taiwania Capital)

Taiwania Capital Management Corporation, also called the NDF National Investment Company, sits under Taiwan's National Development Council and the National Development Fund. It is a public-private venture capital manager, with the National Development Fund allowed to take up to 40% of a fund's paid-in capital and up to NT$2 billion per fund. Its purpose is to channel capital into Taiwan's strategic industries and build new engines of economic growth. The program backs biotechnology, Internet of Things, smart machinery, green energy, national defense, new agriculture, and new materials through equity investment in managed VC funds. Founders do not apply to the National Development Fund directly; they access capital through Taiwania Capital's funds, and the program is centered in Taiwan with documentation available in Chinese or English. Taiwania Capital is structured to blend public and private capital while staying aligned with national industrial policy. Its board and investment strategy are built to steer money toward sectors the government has named as priorities, while still operating as a conventional venture manager. For founders, the practical route is a fund-managed equity process rather than a grant competition.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.