886 Studios operates as a venture studio that focuses on creating and nurturing startups. They bring together smart founders to work on innovative ideas, acting as an incubator and a startup that creates other startups (00:18:42.000). They engage with the startup ecosystem in Taiwan, meeting potential founders through networks and sometimes being directly approached by those who have heard about their work (00:19:17.000).
Additionally, 886 Studios has launched a program called 886 Velocity, which aims to help Taiwanese startups get into top accelerators like Y Combinator (00:28:35.000). This program is part of their effort to support the Taiwan startup ecosystem by making it more competitive on a global scale.
They also offer mentoring to startup founders, helping them understand markets outside of Taiwan and assisting them in raising funds internationally (00:23:09.000). Their approach includes workshops to develop ideas, building MVPs (Minimum Viable Products), and eventually spinning these into independent startups incubated within 886 Studios (00:19:02.000).
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