N/A

ABSTRACT:
The purpose of this study is to find the main problems that foreigners face when starting their own entrepreneurial ideas using information from several key people that are related to the entrepreneurial system in Taiwan. Here, we analyze the most common problems that they encounter in the perspective of the implementation of the business proposal for the different accelerators and investors and its relations with the cultural differences that creates boundaries for the foreign entrepreneur to consolidate its entrepreneurial idea in Taiwan.
The findings of this study point that business ideas or business plans can be very promising from foreigners, however the main difference that affects foreigners over local entrepreneurs is the lack of understanding of the culture and business and social practices in Taiwan, this is a big source of problems that entrepreneurs will face while trying to open themselves to the entrepreneurial system in Taiwan.

REFERENCES:
Ács, Z. J., Szerb, L., Lafuente, E., & Lloyd, A. (2018). Global Entrepreneurship and Development Index 2018. Springer International Publishing. https://doi.org/10.1007/978-3-030-03279-1
Alvedalen, J., & Boschma, R. (2017). A critical review of entrepreneurial ecosystems research: Towards a future research agenda. European Planning Studies, 25(6), 887–903. https://doi.org/10.1080/09654313.2017.1299694
Benjamin M, O., Patricia McDougall and Marvin Loper, P., & Loper, M. (1995). Global Start-Ups: Entrepreneurs on a Worldwide Stage. The Academy of Management Executive (1993-2005), Vol. 9, No. 2, Careers in the 21st Century (May, 1995), pp. 30-44 (15 pages), 30-44 (15 pages).
Chang, S. L. (1992). Causes of brain drain and solutions: The Taiwan experience. Studies In Comparative International Development, 27(1), 27–43. https://doi.org/10.1007/BF02687103
Chanin, R., Pompermaier, L., Fraga, K., Sales, A., & Prikladnicki, R. (2017). Applying Customer Development for Software Requirements in a Startup Development Program. 2017 IEEE/ACM 1st International Workshop on Software Engineering for Startups (SoftStart), 2–5. https://doi.org/10.1109/SoftStart.2017.3
Cheng, L. (2007). Asset-based Policy in Taiwan: Demonstrations and Policy Progress. 4.
Cheng, L., & Bian, Y. (Eds.). (2006). China’s domestic private firms: Multidisciplinary perspectives on management and performance. M.E. Sharpe.
Feigenbaum, E. A. (2020). Assuring Taiwan’s innovation future (p. 2). Carnegie Endowment for International Peace.
Foghani, S., Mahadi, B., & Omar, R. (2017). Promoting Clusters and Networks for Small and Medium Enterprises to Economic Development in the Globalization Era. SAGE Open, 7(1), 215824401769715. https://doi.org/10.1177/2158244017697152
Grinblatt, M., & Keloharju, M. (2001). How Distance, Language, and Culture Influence Stockholdings and Trades. The Journal of Finance, 56(3), 1053–1073. https://doi.org/10.1111/0022-1082.00355
Hartley, K., Woo, J. J., & Chung, S. K. (2018). Urban innovation policy in the postdevelopmental era: Lessons from Singapore and Seoul. Asia & the Pacific Policy Studies, 5(3), 599–614. https://doi.org/10.1002/app5.255
Hsieh, K.-H., & Li, E. Y. (2017). Progress of Fintech Industry from Venture Capital Point of View. 6.
Hueng, C. J. (2010). Statutory Central Bank Independence in Taiwan. Asian Social Science, 6(11), p17. https://doi.org/10.5539/ass.v6n11p17
Kalyanasundaram, G. (2018). Why Do Startups Fail? A Case Study Based Empirical Analysis in Bangalore. Asian Journal of Innovation and Policy, 7(1), 79–102. https://doi.org/10.7545/AJIP.2018.7.1.079
Kim, M. S. (2014). Doing social constructivist research means making empathic and aesthetic connections with participants. European Early Childhood Education Research Journal, 22(4), 538–553. https://doi.org/10.1080/1350293X.2014.947835
Liu, T. H., Chu, Y. Y., Hung, S. C., & Wu, S. Y. (2005). Technology entrepreneurial styles: A comparison of UMC and TSMC. International Journal of Technology Management, 29(1/2), 92. https://doi.org/10.1504/IJTM.2005.006006
Malecki, E. J. (2018). Entrepreneurship and entrepreneurial ecosystems. Geography Compass, 12(3), e12359. https://doi.org/10.1111/gec3.12359
Martin, M. B., Julius, F. K., & Grace, M. K. (2016). Does personality of owners of micro enterprises matter for the relationship between startup capital and entrepreneurial success? African Journal of Business Management, 10(1), 13–23. https://doi.org/10.5897/AJBM2015.7738
Mason, C. (2014). Entrepreneurial Ecosystems and Growth Oriented Entrepreneurship. Organization for Economic Co-operation and Development.
Rasiah, R., Shahrivar, R. B., & Yap, X.-S. (2016). Institutional support, innovation capabilities and exports: Evidence from the semiconductor industry in Taiwan. Technological Forecasting and Social Change, 109, 69–75. https://doi.org/10.1016/j.techfore.2016.05.015
Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of Business Research, 104, 333–339. https://doi.org/10.1016/j.jbusres.2019.07.039
Tung, C.-M. (2013). The National Innovation System and Policy Implications for Entrepreneurship in Taiwan and Japan. STI Policy Review, 4(1), 54–73. https://doi.org/10.22675/STIPR.2013.4.1.054
Wang, Y., Phillips, F., & Yang, C. (2021). Bridging innovation and commercialization to create value: An open innovation study. Journal of Business Research, 123, 255–266. https://doi.org/10.1016/j.jbusres.2020.09.052
Wright, N., Koning, R., & Khanna, T. (2021). Judging Foreign Startups. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3822854