Prominent and Historical Reputation
ounded in 1979, Industrial Technology Investment Corporation (ITIC) is a wholly owned subsidiary of Industrial Technology Research Institute (ITRI), the largest and most prestigious industrial research consortium, with more than 6,000 employees, in Taiwan. Since its founding, ITRI has been substantially impacting the technology industry, from semiconductor to computer, communication, material, etc., in Taiwan.

ITIC is one of the first investment firms in Taiwan to have venture capital services. Well before the term “Venture Capital” was conceptualized in Taiwan, ITIC already had its first successful investment in 1980 with United Microelectronics Corp. (UMC). ITIC facilitated UMC to be spun off from ITRI and became one of UMC’s founding partners.

Since its inception, ITIC has been instrumental in leading Taiwan's initial ventures into technology-based businesses, such as integrated circuits, automation, opto-electronic display, etc. ITIC is an original shareholder of some industry leaders such as UMC, Taiwan Mask Corp., Acer Display Technologies, Inc.(renamed as AU Optronics Corp.).

Historically, ITIC has focused on investing through in-house capital. However, in recent years, ITIC has been extending its investment business to venture capital fund operations. ITIC’s investment domain has also expanded into foreign areas, primarily in the US. Today ITIC participates in funding more than 50 companies, and operates an incubation center with around 30 start-ups in various high technology industries. ITIC is one of the leaders in Taiwan’s venture capital business.