ITIC: Industrial Technology Investment Corporation

What ITIC: Industrial Technology Investment Corporation does

ITIC (Industrial Technology Investment Corporation), founded in 1979 and headquartered in Taipei, Taiwan, is the venture capital arm of the Industrial Technology Research Institute (ITRI), a quasi-governmental R&D consortium. The firm invests in early- to growth-stage technology companies across virtually all stages, sectors, and geographies, with a stated emphasis on semiconductors, optoelectronics, biomedical devices, precision machinery, automotive, and creative industries. ITIC reports cumulative deployed capital of more than US$400 million since founding, and its nurtured companies — including TSMC, UMC, Epistar, AU Optronics, Mirle Automation, and Taiwan Mask Corporation — represent a combined market capitalization exceeding US$200 billion.

The firm's core offerings are structured as specialized investment vehicles rather than discrete software or hardware products. These include the Golden Asia Fund (台日基金), co-established with Mitsubishi UFJ Capital in 2011 to capture Taiwan-Japan industrial synergies, with subsequent vintages launched in November 2015 and December 2021; the Digital Economy Fund targeting AI, blockchain, IoT, and data applications; the Taiwan ITRI Entrepreneur Fund (工研院群英基金) drawing on ITRI's alumni network; and three public funds managed on behalf of Taiwan's National Development Fund covering SME, creative industry, and industrial development mandates. ITIC also operates a Corporate Venture Capital (CVC) program that helps established public companies invest in strategically aligned startups. Beyond capital, portfolio companies receive access to ITRI's 6,000+ researchers, 25,000+ patents, 24,000+ alumni experts (including 140+ sitting CEOs), the IPIC intellectual property services subsidiary (founded 2011), and the TRIPLE rapid-prototyping platform with 450+ manufacturing partners.

ITIC's revenue model centers on venture capital investment returns — gains realized through IPOs, acquisitions, and secondary sales of portfolio company equity — supplemented by management fees on its fund vehicles, including government-mandated public funds. Deal flow is sourced through direct engagement with founders, university partnerships (Carnegie Mellon University, University of Tokyo), accelerator affiliations (TAI1 AI Accelerator, Plug and Play Taiwan), and a referral network rooted in ITRI's alumni ecosystem. A concentrated cluster of partnerships announced in 2025-2026 with Bpifrance, MUFG, Marubeni, the European Mont Technology Association, the North American Taiwanese Business Association, and Thanachart Bank signals an active international expansion phase targeting semiconductors, AI, quantum technology, and robotics.

Leadership includes Chairman Jonq-Min Liu and President Hans Tai, with General Manager Qu Zhihao (瞿志豪) and President Michel Chu named in available management-team records; the firm operates from 6F., No.106, Sec. 2, Heping E. Rd., Da'an Dist., Taipei City 106, Taiwan (R.O.C.).

Name

ITIC: Industrial Technology Investment Corporation

Legal name

Industrial Technology Investment Corporation

Website

http://www.itic.com.tw/

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

ITIC is the venture capital arm of Taiwan's Industrial Technology Research Institute (ITRI), investing in deep tech startups across semiconductors, biotech, optoelectronics, AI, and advanced manufacturing while providing portfolio companies access to ITRI's research infrastructure, IP portfolio, and manufacturing ecosystem.

Ownership category

akta.pro rank

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Venture Capital Investment Returns: ITIC generates returns through equity investments in technology startups, providing capital in exchange for ownership stakes. Returns are realized through IPOs, acquisitions, and secondary sales of portfolio company shares.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ITIC is a venture capital firm that invests capital in early-to-growth stage technology startups across semiconductors, biotech, automotive, opto-electronics, precision machinery, digital, and other deep-tech sectors globally. It also manages multiple specialized funds on behalf of the public sector, and offers a Corporate Venture Capital (CVC) advisory program to help established public companies invest in startups. Portfolio support is enhanced by parent ITRI's R&D resources, prototyping partners, and IP strategy services.

Product overview

ITIC is a venture capital firm and the investment arm of ITRI (Industrial Technology Research Institute), founded in 1979. The company offers venture capital investment services across virtually all stages, sectors, and timezones, with a unique CVC Program helping established firms invest in strategic startups. ITIC manages multiple specialized funds including the Golden Asia Fund (台日基金), Digital Economy Fund, Taiwan ITRI Entrepreneur Fund (工研院群英基金), and Public Funds. The company also provides access to the TRIPLE prototyping platform (450+ manufacturing partners) and IPIC intellectual property services. The portfolio spans Electronics/Semiconductors (United Microelectronics, Taiwan Mask Corporation), Precision Machinery (Mirle Automation, Airtac), Opto-electronics (Epistar, AU Optronics), Biotech/Health (ScinoPharm, Taigen Biotech), Automotive (Turvo), Textile (Singtex), Creative Industry (VHQ Media), and Other sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Capital Investment Services Core venture capital funding service covering early to late-stage technology startups across semiconductors, biotech, automotive, precision machinery, opto-electronics, textile, creative industry, and other deep-tech sectors globally. Designed for founders and management teams of innovative technology companies.
• CVC Program (Corporate Venture Capital)

Quantifiable outcome

• Portfolio companies have achieved combined market cap of over US$200 billion
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core, minor and flagship.

• BpifrancecoreStrategic or Co-development Partner · 17 June 2026ITIC partnered with Bpifrance (French national investment bank) to co-establish a semiconductor venture capital fund, combining ITIC's technology investment expertise with Bpifrance's French and European market access to support cross-border deep tech investments.
• North American Taiwanese Business AssociationcoreStrategic or Co-development Partner · 12 June 2026ITIC formed a strategic partnership with the North American Taiwanese Business Association to establish a venture fund aimed at building a Taiwan-US startup highway, facilitating cross-border investment and knowledge exchange between the two innovation ecosystems.
• Mitsubishi UFJ Financial Group (MUFG)coreStrategic or Co-development Partner · 2 June 2026MUFG and ITIC partnered at InnoVEX 2026 to collaborate on technology investments, with a focus on semiconductor, AI, and quantum technology sectors. This partnership leverages MUFG's financial resources and ITIC's deep tech expertise.
• European Mont Technology AssociationcoreStrategic or Co-development Partner · 20 May 2026ITIC signed an MOU with the European Mont Technology Association to deepen Taiwan-EU cooperation in deep technology R&D and international capital investment, supporting cross-border innovation and investment flows.
• Marubeni CorporationcoreStrategic or Co-development Partner · 13 August 2025ITIC signed a Letter of Intent with Japanese trading company Marubeni Corporation to promote global innovation布局 (global innovation positioning), combining ITIC's tech startup investment capabilities with Marubeni's global trade and distribution network.
• Thanachart Bank (Krungsri)minorStrategic or Co-development Partner · 26 June 2025ITIC partnered with Thanachart Bank (Krungsri) to create a new model for Taiwan-Thailand startup cooperation, facilitating cross-border investment and market access for startups in both regions.
• TAI1 AI Accelerator ProgramcoreStrategic or Co-development Partner · 22 May 2025ITIC joined the TAI1 AI Accelerator program to help Taiwanese AI startups accelerate landing, connect with industries, and expand to global markets through the accelerator's structured support system.
• TAI1 AI AcceleratorcoreStrategic or Co-development Partner · 21 May 2025ITIC supports the TAI1 AI Accelerator to assist Taiwanese AI startups in going international by providing investment, mentorship, and connections to industry partners and global markets.
• Plug and Play TaiwanminorStrategic or Co-development Partner · 19 March 2025ITIC partnered with Plug and Play Taiwan for their Demo Day event, supporting Taiwanese startups in showcasing innovations to international investors and corporate partners in Silicon Valley.
• Cambridge Tech WeekminorStrategic or Co-development Partner · 1 January 2025ITIC's General Manager Yu Wan-ru was invited as an ambassador to Cambridge Tech Week 2025, promoting Taiwan-UK AI startup cross-border collaboration and international startup connections.
• France HLF Global Innovation ForumminorStrategic or Co-development Partner · 1 January 2025ITIC's General Manager Yu Wan-ru was invited to the France HLF Global Innovation Forum to share Taiwan's deep tech and AI experience, fostering Taiwan-France technology cooperation and deep tech investment.
• TRIPLE (Taiwan Rapid Prototyping Platform)coreStrategic or Co-development PartnerAccess to over 450 prototyping and manufacturing partners through ITRI's TRIPLE fast-prototyping platform, enabling portfolio companies to rapidly move from prototype to mass production.
• IPIC (Intellectual Property Innovation Corporation)coreTechnology or IntegrationStrategic IP planning partner founded in 2011, providing patent searching, strategic IP planning, and patent utilization services to help portfolio companies avoid patent infringement and maximize IP value.
• Carnegie Mellon UniversityminorStrategic or Co-development PartnerITIC partners with CMU's Swartz Center for Entrepreneurship for startup scouting, providing investment opportunities and support for promising university ventures.
• University of TokyominorStrategic or Co-development PartnerUniversity partnership for scouting promising technology startups and providing growth resources for future innovation leaders.
• ITRI (Industrial Technology Research Institute)flagshipStrategic or Co-development PartnerParent organization providing research infrastructure, 6,000+ tech experts, 25,000+ patents, and access to 24,000+ alumni experts. This is ITIC's primary competitive advantage, enabling deep tech investment capabilities unmatched by other VC firms.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sequoia Capital: One of the world's leading venture capital firms with deep-tech exposure across stages and geographies. Highly comparable as a generalist deep-tech investor competing for similar founder mindshare, though without ITIC's R&D-institute backing.
• Andreessen Horowitz (a16z): US deep-tech and software VC with significant AI, semiconductors, and bio investments. Comparable as a multi-stage, thesis-driven deep-tech investor; differs by being private rather than quasi-governmental and lacking an embedded R&D consortium.
• Khosla Ventures: Deep-tech-focused US VC with concentrated bets on semiconductors, AI, biotech, and frontier tech. Closely aligned with ITIC's thesis-driven deep-tech mandate and willingness to back technically intensive, capital-intensive founders.
• Lux Capital: US deep-tech VC investing in frontier technologies across AI, robotics, semiconductors, and biotech. Comparable to ITIC as a science-and-engineering-led investor that goes beyond capital into deep founder support.
• Samsung Ventures: Corporate venture arm of Samsung with deep semiconductor, display, and electronics focus. Comparable as a corporate/strategic VC in the same hardware-heavy sectors as much of ITIC's portfolio (TSMC, AUO, EPISTAR).
• Intel Capital: Corporate venture arm of Intel, investing globally across semiconductors, AI, and deep tech. Comparable as a strategic VC operating in adjacent semiconductor and adjacent technology verticals.
• Bessemer Venture Partners: Multi-stage global VC with deep tech, enterprise, and consumer coverage. Comparable as a long-tenured (since 1911) generalist deep-tech investor competing globally for the same founders.
• Applied Ventures: Corporate venture arm of Applied Materials investing across semiconductors, advanced materials, and manufacturing tech. Comparable as a strategic deep-tech VC with embedded industrial/operating resources — structurally analogous to ITIC's ITRI-backed model.

Broad incumbents

• Temasek Holdings: Singapore sovereign wealth investor with significant deep-tech and semiconductor exposure. Comparable as a state-aligned capital pool backing global tech ventures; broader mandate than ITIC and not focused exclusively on venture-stage deep tech.
• Mubadala Capital: Sovereign-backed investor with technology and growth-stage mandates globally. Comparable as a state-aligned capital provider into deep tech, with broader investment scope than ITIC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/IndustrialTechnologyInvestmentCorporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments39 records

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Frequently asked questions about ITIC: Industrial Technology Investment Corporation