With a population of over 23m people, Taiwan has a relatively small, but vibrant startup scene. Rather than looking at number of startups, it might be more helpful to understand how venture capital markets are treating startups in Taiwan. According to the Taiwan Institute of Economic Research (TIER), from 2015 – 2020, there were almost 1,600 successful VC deals with startups in Taiwan, with 73% of the companies started after 2010. Their research indicates a robust startup scene in Taiwan, supported by the government, that local and foreign companies are confident in. As TIER continues to collect data, we may see the trend of “quality versus quantity” continue over the next 5 – 10 years.