Taiwan says its startup scene has crossed a milestone, with more than 10,000 young companies now drawing over NT$100 billion in investment a year — good news for founders and the government's push to upgrade older industries.

• Taiwan's National Development Council told lawmakers startup numbers passed 10,000 and yearly funding topped NT$100 billion.
• The state angel investment fund doubled to NT$10 billion and has backed over 300 startups, pulling in far more private money alongside it.
• Employment Gold Cards for foreign talent have passed 17,000, and Taiwan has opened startup bases in Tokyo and Silicon Valley.
• Experts want clearer public data on where the money goes, tax breaks for accelerators, and a way for honest failures to start over.
• A new law to help small and mid-sized firms upgrade is being drafted.

Outlook: The government plans to work with the economics ministry, science council, and financial regulator to fold these suggestions into rules and funding over the coming months.