First of all, how are you and your family doing in these COVID-19 times?
Rosa Fu: Taiwan has always been a model of epidemic prevention for COVID-19. With the measures and propaganda of the Taiwan government, individual and corporate epidemic prevention acts. I am glad that both individuals, families, and businesses are under the right epidemic, without any problems, and because of the application of telecommuting or video activity mode, so that companies and businesses have new space and opportunities to play.
Tell us about you, your career, how you joined DIT.
Rosa Fu: When I worked at the Institute for Information Industry, I was mainly responsible for early innovation incubation and promoting private enterprises. Later, I was hired to be the deputy general manager of DIT Incubator & Venture Management Inc., which at that time served as a one-stop service model. After the company personnel changes and shareholder restructuring, then I took over the position of general manager.
The so-called one-stop service provides entrepreneurs with rewards crowdfunding, incubation space management, startup coffee shop business, early-stage investment, equity crowdfunding, and other one-stop services.
How does DIT innovate?
Rosa Fu: We examine the current status and market size of Taiwan’s startup teams and ecosphere, as well as the corporate goals of strategically positioning and maximizing profits for the shareholders of Taiwan’s five largest gaming companies and a financial startup, focus on the accelerator mode of operation, precise recruitment of Taiwan’s excellent team, focusing on early investment mode.
We are committed to providing in-depth mentorship and angel/seed round funding to startups in Taiwan to help them consolidate their operations and enhance their business capabilities, has gradually become Taiwan’s most famous, but also the largest accelerator focus on entertainment, people’s Livelihood, and cross-industry business new industry directional accelerator.
Since our shareholders are consumer-focused enterprise, our focus will also be on entertainment and life-oriented 2C, 2B2C digital innovative business models. We care a lot about whether the team’s innovation plan addresses the industry’s problems. We care a lot about whether the team’s innovation plan can solve the industry’s problems or not. We’ll also evaluate whether they have significant differences/key skills from their competitors. Most importantly, the founder’s personality and the tacit understanding of the team are very important to us as well.
Since 2017, we had coached more than 70 startups and participated in about 20 early-stage investment partnerships, its products and services span independent games, online education, people’s livelihood services, data analysis, pet economy, financial technology, and social media. DIT Incubator & Venture Management Inc. not only supports and invests in the innovation and innovation team, but we also feel that we are constantly accelerating the growth model, investment model, investment management, and other innovative innovation.
How the coronavirus pandemic affects your business, and how are you coping?
Rosa Fu: Since COVID-19, the company has had fewer promotions and marketing campaigns, but it has begun to diversify its online activities, which in turn has broadened the reach of the startup ecosystem. The tourism and physical services industry has been hit hard by the outbreak, which has led to a sharp drop in the number of applications for these teams, but the number of teams that focused on digital games and online services has also risen.
COVID-19 creates new business opportunities and emerging models for remote, video, and online marketplaces that fit instead with the DIT. During this period, the remote work from the home program was activated in response to the restriction of blocking the epidemic, not only to provide seamless service to the team but also to lead and demonstrate the innovative operation of the accelerator under the COVID-19.
Did you have to make difficult choices, and what are the lessons learned?
Rosa Fu: In the early days of the COVID-19, the number of teams not as we expected. It’s a big impact on our perspective, but we instantly adjust and focus on the areas that our resources could cover: innovative teams and digital entertainment experts. After that, the registration naturally improved and has also begun to gain popularity in the marketplace.
How do you deal with stress and anxiety?
Rosa Fu: Movies, TV series, exhibitions, sports, and faith are my main leisure activities. On the other hand, with friends in different fields and interests, casual communication, outdoor and indoor activities, enjoy the beauty of the world in different fields, and professional admiration of friends can also better relieve the pressure of life on the work.
Who are your competitors? And how do you plan to stay in the game?
Rosa Fu: With the accelerator and its own investment focused on the entertainment, people’s Livelihood, and cross-industry business field, We should be the only one in Taiwan.
We are committed to accurately on the investment field, to list interactive entertainment independent games as an example, from the early investment to expand the integration and operation of the Taiwan Indie Game Ecosystem Alliance has allowed us to become a leader in this area, and to make our investment choices more high quality and precise, and also made us becoming the first-contact choice on Inbound and Outbound in this area of Taiwan. Our goal is to create the next round of investment success stories. DIT also aimed to create Taiwan’s largest new entertainment ecosystem.
Your final thoughts?
Rosa Fu: I love reaching out to every entrepreneur and listening to them share their stories as if they were inspired by them, for they are always full of energy and power.
When COVID-19 comes, I told myself that life is not perfect. If you can’t avoid it, let the passion lead your emotions, and then simplify yourself. Recall the past life course, which period of experience most enables you to be at ease, have the enthusiasm that will lead to the direction to your future path…