ITIC: Industrial Technology Investment Corporation

The Industrial Technology Investment Corporation (ITIC) serves as the venture capital arm of the Industrial Technology Research Institute (ITRI), established in 1979. ITIC has invested over US$400 million in various stages and sectors, significantly impacting the technology landscape. Its portfolio includes companies that have shaped entire industries and collectively exceed a market capitalization of US$200 billion. ITIC has played a crucial role in Taiwan's emergence in technology-driven businesses, particularly in areas such as integrated circuits, automation, and opto-electronic displays. Furthermore, ITIC is an original shareholder in notable industry leaders, including UMC and Taiwan Mask Corp., illustrating its influence and commitment to fostering innovation in the technology sector.

Hans Tai

President

Past deals in Taiwan

Neurobit

Seed Round in 2021
Neurobit is a digital healthcare company focused on addressing unmet neuro-clinical needs through innovative diagnostic solutions. It manufactures a complete neuro-otological diagnostic system that includes video-oculography services aimed at diagnosing neurological disorders. The company provides a comprehensive neuro-functional digital diagnostic system designed for the early detection of high-risk brain disorders and assists in diagnosis, which helps professionals, patients, and insurance companies manage the medical burden associated with these conditions.

CloudMile

Series B in 2020
CloudMile Inc. is an AI and cloud technology company headquartered in Taipei, Taiwan, with additional offices in Singapore and Hong Kong. The company specializes in digital transformation for corporate clients, utilizing machine learning and big data analytics to enhance business forecasts and facilitate industrial upgrades. With a portfolio of over 400 corporate clients, CloudMile has achieved more than 120 accreditations, including over 60 Google Cloud professional certifications. As a Premier Partner of Google Cloud, it holds specializations in machine learning, data analytics, cloud migration, and infrastructure. In 2020, CloudMile became Taiwan's first Google Cloud Managed Service Provider and was recognized as the Google Cloud Public Sector Partner of the Year for the APAC region.

Heroic-Faith Medical Science

Series A in 2020
We focus on developing a medical device with AI continuous breathing sound monitoring. Since our establishment, we have clearly set the mission of "Saving Lives Through Innovation", to assist medical personnel with the latest and best artificial intelligence technology. The sound changes are converted into visual graphics to provide medical personnel with a dual diagnosis of hearing and vision. We have been approved by the FDA & TFDA and continue to work closely with many medical centers and clinical laboratories in Taiwan and the United States. Through cooperation with major medical centers in Taiwan, We have collected millions of breath sound data, invited professional doctors and RTs to annotate them, and ensure the overall quality. We target non-intubated sedation market, and deploy our product to dentistry, plastic surgery, cath room, ERCP, vertebroplasty, gynochology, ambulance and so on.

S2C

Series C in 2014
S2C Inc. specializes in manufacturing rapid prototyping solutions for system-on-chip (SoC) and application-specific integrated circuit (ASIC) designs. The company's offerings include FPGA-based prototyping hardware, design creation and debug software, and various system-level design verification tools. Key products feature the Prodigy Complete Prototyping Solutions and Quad KU115 logic modules, which cater to diverse applications such as voice processing, graphics imaging, and digital mobile technology. S2C serves a global clientele of chip and system design companies, addressing the electronics needs across sectors like DTV, DVD, and networking. Founded in 2003 and headquartered in San Jose, California, S2C has expanded its presence through offices and representatives in key markets, including China, Japan, and Taiwan. The company emphasizes technology research and strategic alliances from its U.S. headquarters while focusing on product development at its engineering center in Shanghai.
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