Taiwan ranks 2nd with good climate for entrepreneursFERTILE SOIL The conditions in Taiwan are good for those looking to start business, with a strong culture and forward-looking thinkingStaff writer, with CNATaiwan is ranked second in the latest Global Entrepreneurship Monitor’s (GEM) National Entrepreneurial Context Index (NECI), which assesses the startup business environment in different countries. In the rankings, Taiwan trailed the United Arab Emirates (UAE), which scored 7.0 in the latest listing, which evaluates the strength of entrepreneurial framework conditions across participating economies. Photo: AP“This places [Taiwan] second out of 53 GEM economies globally, improving on its already strong position from the previous year,” the report showed. In a statement, the Ministry of Economic Affairs’ Small and Medium Enterprise and Startup Administration (SMESA) said the ranking highlights the fact that the local startup business environment is world-class. Amid the restructuring of global supply chains and escalating geopolitical unease, the second place ranking in the latest NECI shows Taiwan has a resilient startup business ecosystem, the SMESA said.

Source: Taipei Times February 28, 2026 18:01 UTC