Stage 1: Startup Bootcamp

The first stage is a competition, in which participants will show their core elements necessary to launch a successful startup. Participants without a business plan will develop a first draft, while those with an existing plan will either revise or fine tune it. A pitch event will be held on the following day to select the top 10 finalists who will progress to Stage 2 and will have chance to join the Masschallenge Taiwan base bootcamp on May in Linkou Startup Terrance. 

Stage 2: Business Plan Crash Course

April - July: Over the course of  months, a variety of business training courses will be offered to help entrepreneurs sharpen their skills and better understand the global biomedical industry. Taiwan Phoenix Project coaches and mentors will help startups to think strategically, identify their markets, tune their business models, flesh out business plans, work towards creating globally-minded enterprises, find strategic networking partners, and devise a fundraising strategy and / or exit plan.

Stage 3: Scale Up

July - October: In this stage, each team will be assigned a dedicated account manager to aid them in acquiring the resources necessary to achieve success.  Account managers will select individual mentors and coaches to help participants think strategically about their businesses, draw up a successful global road map, and face all the challenges – large and small – of scaling up a global enterprise. Finalists will pitch their ideas to local and international venture capitalists in the ultimate test of their business plans.

Stage 4: International Soft Landing

In this stage, senior mentors will help finalists to fine tune their businesses and prepare for launch on the global stage. Depending on their goals and target markets, finalists can join international partner accelerators in the US, Europe, Japan or Asia (including China) for a soft landing and/or advanced-training.  Top teams will be exposed to further fundraising and visibility opportunities, including expos and road shows.