Companies including FarEastTone Telecommunications, UDN Group, Fubon Life, Cathay Life and Phison Electronics have backed the Taiwan-based accelerator.
Taiwan-based accelerator AppWorks launched a $50m fund today backed by a host of coroporate limited partners.
Corporate LPs for the fund included telecommunications company FarEastTone Telecommunications, media company UDN Group, life insurance companies Fubon Life and Cathay Life, and flash storage manufacturer Phison Electronics.
China Trust Ventures, the venture capital arm of financial conglomerate CTBC; CDIB Capital, the investment arm of merchant bank China Development Financial; the Taiwanese state-managed National Development Fund; and VC firm CID Group also contributed capital.
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