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20 teams complete training for Kaohsiung youth entrepreneurship challenge, vying for NT$1 million prize

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • Twenty teams have completed a two-week intensive training for the Kaohsiung Youth Entrepreneurship Challenge.
  • The competition, co-hosted by the Kaohsiung City Youth Bureau and the Everlasting Foundation, offers a total prize pool of NT$1.9 million, the highest among Taiwan's six major cities.
  • Finalists will compete on June 15 for prizes ranging from NT$60,000 to NT$1 million, judged on innovation, sustainability, market potential, and feasibility.

Twenty teams are poised to compete for NT$1.9 million in prize money at the Kaohsiung Youth Entrepreneurship Challenge on June 15, following two weeks of intensive training.

The competition, co-organized by the Kaohsiung City Youth Bureau and the Everlasting Foundation, aims to foster sustainable innovation among young entrepreneurs. The 20 finalist teams, selected on May 6, underwent specialized training at the K-TV Kaohsiung New Media Talent Cultivation Center. Experts covered topics such as financial data applications, intellectual property, practical pitching, and ESG practices.

Students have become rivals.

— Lin Kai-hsuanDirector of the Kaohsiung City Youth Bureau, describing the dynamic between the competing teams after their intensive training.

Lin Kai-hsuan, director of the Youth Bureau, highlighted the dual role of the training: fostering camaraderie among "classmates" while sharpening them into "top rivals." He emphasized that the training grounds would transition into the "final battleground."

Wang Du-cun, CEO of the Everlasting Foundation, noted that the finalists' concepts align with the foundation's sustainability goals. A strong judging panel, comprising industry, government, academic, and tech experts, will evaluate proposals from both the startup enterprise and startup team categories. Prizes include NT$1 million for the top startup enterprise, NT$500,000 for second place, and NT$300,000 for third. The startup team category offers NT$150,000 for the special prize, NT$100,000 for honorable mentions, and NT$60,000 each for three rising star awards.

The finalists' concepts and development directions all possess feasible sustainable innovative ideas, which highly align with Everlasting's sustainability philosophy.

— Wang Du-cunCEO of the Everlasting Foundation, commenting on the quality and alignment of the participating teams' projects with the foundation's mission.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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