ITRI-SPRIE CONFERENCE: The Greater China Capital Market for Innovation and Entrepreneurship
Among the different types of capital resources, venture capital as practiced in Silicon Valley is broadly acknowledged as being an important constituent of a high technology, entrepreneurial habitat. In the past two decades, policy makers from different regions have learned much from its experience.
The IT industry attributes its success partly to venture capital investments in early, risky, stages. Looking ahead, other industries will emerge in the knowledge economy. Within Taiwan and Mainland China, information related industries still dominate investment, yet in Silicon Valley emerging industries including biotechnology, medical instruments and nanotechnology have recently been attracting as much venture capital as the IT industry.
Today, venture capitalists from Silicon Valley and Taiwan are probing what they perceive as growing investment opportunities in Mainland China, On the other hand, the immaturity of its private equity market and the undeveloped state of exit mechanisms there is causing venture capitalists to hesitate to made large investments. Currently, Taiwan's venture capital faces low price-earnings ratios in its 1,400 publicly listed companies. This has contributed to a decline in VC investment. The Taiwan government expects to further liberalize the financing environment to bolster it as a regional center for domestic and international corporations.
This conference will address the influence of the system of capital on regional innovation and entrepreneurship in the United States, Taiwan, and Mainland China. The focus will be on the venture capital industry, corporate venturing and other institutions of capital related to regional industrial development.
Here are some questions to be addressed in this conference:
- What is the pattern of venture capital investing in high-tech start-ups in the Greater China Area?
- What are the trends in this industry?
- How, specifically, does venture capital promote innovation and entrepreneurship?
- What are the similarities among independent venture capital funds, corporate venture funds, angel funds, and commercial bank involvements?
Conference Organization
Conference Chairman
- Dr. Chintay Shih, Dean of College of Technology Management, National Tsing Hua University, and Special Advisor, Industrial Technology Research Institute
Co-chairmen
- Dr. Paul Wang, Chairman, Taiwan Venture Capital Association
- Dr. Henry Rowen, Co-director, SPRIE
- Dr. William Miller, Co-director, SPRIE
Executive Director
- Dr. Sean Wang, Director General of Industrial Economics and Knowledge Center in Industrial Technology Research Institute
Conference Secretariat
- Industrial Economics and Knowledge Center, Industrial Technology Research Institute (IEK/ITRI)
Conference Organizing Secretariat
- ITRI: Yi-Ling Wei, Peter Lai, Frank Lin, Shu-Chen Huang
- TVCA: Teresa Yang, Michael Chen, Riva Su
- SPRIE: Marguerite Gong Hancock (Stanford)/Martin Kenney (UC Davis)
Auditorium, The Grand Hotel,
1 Chung Shan N. Road, Sec. 4, Taipei, Taiwan
SPRIE co-director Henry S. Rowen testifies before U.S.-China Commission
On April 21, Henry S. Rowen offered testimony - based on SPRIE's work in China - to the U.S.-China Economic and Security Review Commission. Created in 2000, the twelve-member Commission is charged to monitor, investigate, and submit to Congress an annual report on the national security implications of the bilateral trade and economic relationship between the United States and China, including recommendations for legislative action.
The agenda and written testimony from the two-day hearing took place at Stanford's Hoover Institution.
SPRIE selects inaugural postdoctoral fellows for 2005-2006 academic year
As part of a new initiative on Greater China, SPRIE has selected two outstanding young scholars as the inaugural SPRIE Fellows at Stanford for research and writing on Greater China and its role in the global knowledge economy. Xiaohong (Iris) Quan and Doug Fuller, from the University of California, Berkeley and MIT, respectively, will join the SPRIE research team for the 2005-2006 academic year.
The primary focus of the program is the intersection of innovation and entrepreneurship and underlying contemporary political, economic, technological, and/or business factors in Greater China (including Taiwan, Mainland China, Singapore). Topics of particular interest include, but are not limited to, university-industry linkages, globalization of R&D, venture capital industry development, networks and flows of managerial and technical leaders, and leading high technology clusters in Greater China. Industries of ongoing research at SPRIE include semiconductors, wireless, and software.
SPRIE Fellows at Stanford will be in residence for at least three academic quarters, beginning in fall 2005. Fellows take part in Center activities, including research forums, seminars, and workshops throughout the academic year, and will present their research findings in SPRIE seminars. They will also participate as members of SPRIE's team in its public and invitation-only seminars and workshops with academic, business, and government leaders. Fellows will also participate in the publication programs of SPRIE and APARC.
Cross-straits Youth Identity in Taiwan
Part of the Taiwan Seminar Series hosted by Shorenstein APARC.
Philippines Conference Room
Zbigniew Brzezinski speaks at APARC about the New Asia
Former National Security Advisor addresses the future of Asia, and explains why, by 2020, the world's five most important countries are likely to be, in this order, the United States, the European Union, the People's Republic of China, Japan, and India.
The Oksenberg Lecture, given in 2005 by Zbigniew Brzezinski, honors the legacy of Professor Michel Oksenberg (1938-2001) longtime member of APARC, senior fellow at the Stanford Institute for International Studies, and an authority on China. Professor Oksenberg was consistently outspoken about the need for the United States to engage with Asia in a more considered manner. In tribute, the Oksenberg Conference/Lecture recognizes distinguished individuals who have helped to advance understanding between the United States and the nations of the Asia-Pacific.
Korean Studies Program announces 2005 Summer Workshop Fellows.
We are pleased to announce that five prominent scholars have been selected to join the Korean Studies Summer Workshop from June 27 to July 1, 2005 at Stanford University. Financial support for this program has been provided by Pantech Group and Korea Research Foundation (KRF).
The 2005 Summer Workshop Fellows are:
Yoon S. Choi, University of California, Irvine
Rachael Joo, Stanford University
Jong-young Kim, University of Illinois, Urbana-Champaign
Ki-young Shin, University of Washington
Kyoim Yun, Indiana University
Mainlanders and the Question of National Identity in Taiwan, Before and After 2000
Philippines Conference Room
Energy Policy publishes paper by PESD researchers
Energy Policy, one of the world's leading journals on issues related to energy economics and politics, has published an article by PESD researchers Chi Zhang, Michael May, and Thomas Heller this March documenting how changing incentives for power producers in three provinces have affected the types of plants built and operated, and the implications of those changes for emissions of carbon dioxide and other pollutants.
PESD hosts two workshops in China on natural gas and rural energy
On March 18th, PESD co-hosted a workshop in Beijing, China, at the Chinese Academy of Social Sciences, that examined the success of the Chinese rural electrification program. Then on the 21st, PESD co-hosted a workshop at Tsinghua University on the introduction of natural gas in three Chinese cities: Beijing, Shanghai, and Guangdong. Please follow the links below to download the meeting agenda and presentations.