Close Relationship with ITRI
TRI benefits ITIC in both technical due-diligence and deal sourcing. In return, ITIC has been responsible for creating opportunities of technology commercializing for ITRI’s laboratories while concurrently generating exceptional returns for ITRI. With the breadth and depth of its research capabilities, ITRI’s world-class research institution has supported ITIC’s venture capital practice, collectively driving and transforming Taiwan’s high technology movement.

One of the important roles ITRI plays is providing assistance on technical due diligence. Due to ITRI’s abundant research professionals, ITIC is able to utilize this resource and invest in seed to early-stage companies. ITIC’s team is constantly interacting with respective senior managers from ITRI, sharing detailed technical issues, which ultimately results in a more knowledgeable and experienced team in terms of technical due-diligence capabilities.

As the VC arm of ITRI, ITIC enjoys a great amount of deal flow from this relationship. An example of this deal flow source is Taiwan Mask Corp. (TMC). Founded in 1988, TMC is an early venture investment of ITIC where ITIC facilitated its spin-off from ITRI. TMC went public in 1995 and is currently the largest provider of mask service in Asia except Japan. Another deal flow source ITIC enjoys is through the process of technology transfer. EPISTAR, leveraging ITRI’s technology, was founded in 1996. ITIC served as one of the founding partners for EPISTAR, which went public in 2001. Today, it is one of the major LED manufacturers in Taiwan.

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