Taiwan new venture capital up 74 pct in 2005: report

Taiwan's venture capital market saw new investment amounting to 26.6 billion new Taiwan dollars ( 837 million U.S. dollars) in 2005, up 74.2 percent over the previous year, according to latest statistics and reports reaching Hong Kong Tuesday from Taipei.

The number of venture capital management firms in Taiwan increased from 34 in 1995 to 231 in 2005, according to data provided by the Taiwan Venture Capital Association.

In 2005, the number of new investment cases in the venture capital market rose 25.1 percent from the previous year to 1,330 with the value gaining 74.2 percent to 26.6 billion new Taiwan dollars, according to the reports.

Source: Xinhua