Taiwan startups won one second prize and two third places at the SelectUSA Tech competition in the U.S. state of Maryland, according to the Ministry of Economic Affairs May 14.
Precise Big Data Co., Ltd took home the second prize in the health tech category by using generative artificial intelligence technology to complete electrocardiogram analysis in just 4 minutes. It can identify more than 20 cardiovascular diseases and automatically generate a diagnostic report with accuracy of 98 percent.
DeepRad.AI Inc. and Tensor Tech Co., Ltd both garnered the third place in the open tech category. The former adopts AI technology to analyze low-dose lung tomography images, providing innovative solutions for health monitoring, while the latter integrates three single-axis motors used in the space industry into one three-axis spherical motor to reduce weight by 80 percent, a breakthrough in the field.
A total of nine local startups competed against finalists from around the world, Taiwan had the largest number of teams among competitors, the MOEA said. Six other startups were ranked among the top eight in various categories, the ministry added.
According to the MOEA, the contest is part of the SelectUSA Investment Summit held May 11-14. The Taiwan delegation to the event was led by Executive Yuan Secretary-General Kung Ming-hsin and Minister of Economic Affairs Kuo Jyh-huei, and comprised officials and representatives from 138 enterprises, it said.
Kuo applauded domestic startups’ event achievements and further expressed hope that startups would leverage Taiwan’s outstanding technology and medical care to explore business opportunities and expand in the global market, the ministry added.
Launched in 2013 by the U.S. Department of Commerce, SelectUSA is the most high-profile event promoting foreign direct investment into the U.S.
Following the summit, the delegation will tour California’s San Francisco and Silicon Valley and attend a Select LA/TW activity in Los Angeles to deepen connections with U.S. accelerators, advisors and venture capital firms, the MOEA added. (YCH-E)
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