What flyingVest Ventures does

flyingVest Ventures (曙光網路加速器) is a Taipei-headquartered startup accelerator founded in 2020 by the team behind flyingV, Taiwan's leading reward-based crowdfunding platform. The company operates as the accelerator layer of an integrated entrepreneurial ecosystem owned by parent 曙光網路股份有限公司 (Shuguang Network Corporation), which also comprises flyingV (consumer-facing crowdfunding), a now-defunct equity crowdfunding securities subsidiary (wound down in June 2022), and the Wetland Venue co-creation space. flyingVest recruits startups globally through its website application form and regional startup events, then provides two service tracks: corporate planning (production assessment, localization strategy, senior mentor matching) and capital planning (cap table design, equity structure, investment matching with angels, VCs, and corporate venture capital, plus crowdfunding via flyingV). The company is embedded within Taiwan Tech Arena (TTA) at Taipei Arena and expanded to Startup Terrace in Kaohsiung in 2023 with a stated AIoT and 5G focus.

The company's customer base is early-stage tech startups spanning biotech, preventive medicine, AI acoustics, millimeter-wave radar, 5G/6G IC design, AI storage, climate tech, sports analytics, consumer electronics, circular packaging, and smart logistics. As of 2021, the portfolio comprised 20+ companies with 4 international teams, and portfolio companies had collectively raised over $15 million USD; specific milestones since include a 2022 InnoVEX SMEA Grand Prize for portfolio startup Swipe and a NT$50 million capital increase for Millilab in March 2024, backed by the National Development Fund. flyingVest differentiates on access to a mentor network of 30+ senior executives from Taiwan-listed companies (including former AMD Taiwan GM KJ Chou, UMC Capital GM Kris Peng, and AME Cloud GM Wretch Chien) and on government-backed distribution channels into Southeast Asia (MDEC partnership, 2023) and Japan (t.Hub Taipei partnership, 2024).

The business model combines professional services (advisory fees on corporate and capital planning engagements), success fees on facilitated funding rounds, equity stakes taken in portfolio companies, and transaction fees on flyingV crowdfunding campaigns. Pricing is not publicly disclosed and operates on contact-based terms via [email protected]. Go-to-market is hybrid: sales-led direct outreach, event-driven (Demo Days, Collider Series, Startup Toolbox, investor salons), and community-led through mentor and investor referrals. Operating geographies are Taiwan-dominant with active corridors into Malaysia, Vietnam, and Japan.

Name

flyingVest Ventures

Legal name

曙光網路股份有限公司 (Shuguang Network Corporation)

Website

https://flyingvest.com.tw

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

flyingVest Ventures is a Taipei-based startup accelerator founded in 2020, operating as the accelerator layer of an integrated ecosystem that includes the flyingV crowdfunding platform. It serves early-stage tech startups globally with corporate planning, capital planning, mentorship from 30+ Taiwan listed-company executives, and international expansion corridors into Southeast Asia and Japan.

Ownership category

akta.pro rank

Product category

Startup Acceleration and Venture Advisory Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

akta.pro secondary industries

Corporate Accelerators & Startup Programs (FSANAHAD), Venture Capital Fundraising Placement (FSAEALAC)

Keywords

• Startup acceleration services
• Venture capital advisory
• Crowdfunding platform
• Investment matching
• Corporate venture capital

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Investment Matching & Advisory Services: flyingVest assists startups in fundraising by matching them with angel investors, VCs, and strategic corporate investors. Revenue is derived from advisory fees, success fees on funded rounds, and equity stakes taken in portfolio companies.
2. Crowdfunding Services (flyingV Platform): The flyingV platform, part of the flyingVest ecosystem, enables consumer-facing crowdfunding campaigns. flyingVest earns platform fees from campaigns that reach their funding goals.
3. Acceleration Program Services: flyingVest provides startups with corporate planning (cap table, equity structure), production analysis, localization strategy, and mentorship. Services may be bundled into accelerator program participation.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

flyingVest Ventures operates a startup accelerator program offering early-stage tech startups corporate planning services (production assessment, localization strategy, senior-executive mentorship) and capital planning services (cap table design, equity structure, investment matching with angel investors, VCs, and CVCs). The accelerator combines 10+ years of crowdfunding experience with venture capital advisory, anchored by the affiliated flyingV crowdfunding platform and partnerships with Taiwan Tech Arena (TTA) and Startup Terrace. The company connects startups with a network of 30+ senior executives from Taiwan's listed companies for mentorship, strategic investor introductions, and corporate venture capital deal flow.

Product overview

flyingVest Ventures operates as a startup accelerator ecosystem consisting of the core flyingVest Accelerator Program (曙光網路加速器), the flyingV crowdfunding platform (Asia's premier crowdfunding platform), Taiwan Tech Arena (TTA) Program, and Startup Terrace (亞灣新創園) Program. The ecosystem provides a comprehensive range of services across corporate planning (production analysis, localization strategy, mentorship) and capital planning (cap table planning, investment matching, crowdfunding planning). The company has built a portfolio of startups across diverse sectors including biotech, AI, 5G/AIoT, consumer electronics, acoustic technology, and sustainability. Key portfolio companies include Millilab (millimeter-wave radar for automotive/IoT), SolutionStor (AI-powered storage), Droxotech (unmanned vehicles), Lockists (motorcycle sharing), XROUND (acoustic tech), and various biotech startups. The accelerator connects startups with resources, mentors, and international markets through its network of over 30 listed company executives.

Differentiator

Problem solved

Functional benefit

Products and services

• flyingVest Ventures Accelerator (曙光網路加速器) Core startup accelerator program providing venture capital and crowdfunding expertise, offering corporate planning (production assessment, localization strategy, mentorship) and capital planning (cap table design, investment matching, crowdfunding) to help tech startups scale from local Taiwan markets to international markets. For early-stage tech startup founders.
• flyingV Crowdfunding Platform Taiwan's leading reward-based crowdfunding platform enabling consumer-facing campaigns for startups to validate product-market fit, raise pre-seed/seed capital from consumers, and accelerate go-to-market with built-in marketing strategy support. For consumer product and hardware startups seeking market validation.
• Taiwan Tech Arena (TTA) Program Tech startup hub program operated within the Taiwan Tech Arena at Taipei Arena, providing startups with co-working space, event venues, cross-border startup programs, industry partnership access, and resources to connect with international markets. For tech startups operating within the TTA ecosystem.
• Startup Terrace (亞灣新創園) Program Southern Taiwan accelerator program based at Startup Terrace (亞灣新創園) in Kaohsiung, offering customized training, consulting services, resource networks, and exchange activities with focus on AIoT and 5G industries. For AIoT and 5G startups in southern Taiwan.

Quantifiable outcome

• Over $15M USD raised collectively by portfolio companies within ~2 years
• +3 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered major, minor and core.

• t.Hub Taipei (內科創新育成基地)majorStrategic or Co-development Partner · 1 January 2024flyingVest partners with t.Hub Taipei (an accelerator within Neihu Business Park) on Taiwan-Japan market expansion events. The 'Opportunities in Japan: Startup Insights' event in October 2024 was co-hosted by t.Hub, Honhui Group, and flyingVest. This partnership supports flyingVest startups in entering the Japanese market through introductions to Japanese VCs, corporations, and demo pitching opportunities.
• Malaysia Digital Economy Corporation (MDEC)majorStrategic or Co-development Partner · 1 January 2023MDEC, Malaysia's government agency for digital economy development, co-hosted the Malaysia-Taiwan Cross-Border Opportunity event with flyingVest in 2023. The event connected Taiwanese AIoT and 5G startups with Malaysian investors and partners. MDEC provides market access to Southeast Asia's digital economy for flyingVest portfolio companies.
• Foodland VenturesminorGTM or Marketing Partner · 1 January 2023Foodland Ventures co-hosted the 'Unlocking Southeast Asia's Digital Potential' forum with flyingVest and TTA in October 2023. Foodland Ventures, a food/ag-tech focused VC, contributes expertise on SEA market opportunities for food and agriculture tech startups in flyingVest's portfolio.
• 法律白話文運動 (Plain Law Movement)minorImplementation/ SI/ Consulting Partner · 1 January 2022flyingVest partners with 法律白話文運動 (Plain Law Movement), a legal education media company, on the Startup Toolbox series of workshops. Topics include equity law, corporate structure, IP protection, and fundraising. The partnership provides startups with accessible legal education as part of the acceleration curriculum.
• flyingV (flyingVest crowdfunding platform)coreGTM or Marketing Partner · 1 January 2021flyingV is the leading reward-based crowdfunding platform in Taiwan, co-founded by flyingVest chairman Tim Cheng. flyingV provides market validation for startups through crowdfunding campaigns, feeding the acceleration pipeline. flyingVest leverages flyingV's 10+ years of experience and user base to help startups test product-market fit before seeking venture capital.
• Meet 創業小聚 / 數位時代 (Business Next)majorGTM or Marketing Partner · 1 January 2021flyingVest collaborates extensively with Meet 創業小聚 and its parent company 數位時代 on co-branded events including Meet Taipei, Meet Greater South, and editorial content. flyingVest co-organizes forums on Southeast Asia market entry, AI applications, and 5G AIoT with Meet as a media and event partner. This partnership amplifies flyingVest's reach to Taiwan's startup community.
• Taiwan Tech Arena (TTA)coreStrategic or Co-development Partner · 1 January 2018flyingVest is headquartered within Taiwan Tech Arena (TTA) at Taipei Arena. TTA is a government-backed startup hub supported by the National Science and Technology Council (NSTC). flyingVest participates in TTA events, co-organizes forums with TTA, and leverages TTA's international network. flyingVest director Patrick Li serves as a TTA liaison. TTA provides co-working space, event venues, and cross-border startup programs that flyingVest utilizes for its acceleration activities.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• AppWorks: Taiwan's largest and most established startup accelerator/early-stage venture firm, running multi-vertical accelerator programs from Taipei and supporting founders across Greater Southeast Asia. Directly comparable to flyingVest on geography, accelerator model, and mentorship-driven thesis.
• SparkLabs Taipei: Taiwan node of the global SparkLabs accelerator network, focused on early-stage startups with cross-border ambitions into Korea and broader Asia. Comparable to flyingVest in cohort-based acceleration, mentor-driven model, and international market-access value proposition.
• StarFab: Taiwan-based startup accelerator and corporate innovation platform that explicitly connects startups with large enterprise/CVC partners for proof-of-concept and commercialization. Closely comparable to flyingVest's TTA/Startup Terrace-linked, CVC-driven acceleration model.
• Taiwan Startup Stadium (TSS): Government-backed Taiwan startup accelerator/landing pad program that prepares Taiwanese startups for international expansion, with deep NSTC ties similar to flyingVest's TTA and Startup Terrace affiliations. Comparable on ecosystem integration and policy alignment.
• BE Capital (比翼資本): Taiwan-based early-stage VC and accelerator focused on digital health and deep tech, with cross-border acceleration programs into Asia. Comparable to flyingVest on Taiwan base, accelerator-plus-VC hybrid model, and cross-border focus.
• Garage+ (by Epoch Foundation): Taipei-based startup accelerator affiliated with the Epoch Foundation, providing workspace, mentorship, and international demo opportunities to Taiwan and regional startups. Directly comparable as a Taipei-rooted, mentor-driven accelerator with SEA expansion angles.

Broad incumbents

• 500 Global: Large global accelerator/early-stage VC that runs programs in Southeast Asia and selectively engages Taiwan and Japan-adjacent founders. Comparable as a global benchmark for what scaling flyingVest's mentor-driven, demo-day accelerator model could look like.
• Techstars: Global accelerator network with a mentor-driven, equity-stake model and Demo Day format that mirrors flyingVest's structure. Relevant as a scaled comparator on accelerator unit economics, mentor leverage, and global brand value.
• SOSV: Global accelerator/venture firm running vertical-specific accelerator programs (e.g., HAX for hardware, IndieBio for biotech), directly comparable to flyingVest's vertical focus on biotech, AIoT, and hardware startups.

Others

• flyingV: Taiwan's leading reward-based crowdfunding platform, co-founded by the same chairman as flyingVest. While not a competitor (flyingVest leverages flyingV as a validation pipeline), flyingV is the closest thematic peer given shared leadership, overlapping startup customer base, and complementary revenue model (platform fees vs. accelerator equity/success fees).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/flying_vest
• Facebookfacebook.com/FlyingVest-113238650858206

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about flyingVest Ventures