Tiger Accelerator has been devoted to helping Taiwan's healthcare startups and tech enterprises set up virtual headquarters in the EU and tap market opportunities there since its founding in Taipei in July 2018, according to company founder Valerie Hsu.
Hsu said her company is actively helping at least six Taiwanese healthcare startup teams build connections with hospitals in Europe and collect medical data, paving the way for their substantive cooperation with hospitals there in clinical applications of their products and services.
Hsu stressed that Taiwan healthcare startups must get to know medical services validation processes, medical treatment systems, and medical insurance compensation systems in European countries, so that they can more easily venture into the EU market.
Quanta Computer is collaborating with Tiger Accelerator in tapping the market for smart healthcare solutions for the elderly people in Holland, starting with conducting the POC (proof of concept) process with hospitals and nursing homes for senior citizens in addition to collecting relevant data and health indexes before entering substantive cooperation with them, according to Hsu.
Hsu indicated that it is hard to change European countries' well-established medical treatment systems, and therefore healthcare startups must focus on developing disruptive medical innovations rather than challenging the systems, if they want to succeed in foraying into Europe.