But with universities and institutions in Thailand redeveloping their education systems to address the STEM disciplines and meet the demands of Thailand 4.0, it won’t be long before a wealth of new, qualified recruits enter the startup ecosystem of Thailand. CLOSE : 31 DEC 2020 … Perhaps in the next 5 years we will see a Thai Unicorn or maybe the next Jack Ma will come from Thailand. It also aims to extend these services to neighbouring countries such as Laos, Myanmar and Cambodia. Facebook is the leading social media platform, followed by Google+, Instagram and Twitter. 361. Startup Thailand is a national startup promotion platform implemented to support and encourage startup growth and startup ecosystem in Thailand leading by the Ministry of Science and Technology (MOST) of Thailand. Here's what you need to know about it, and why you should care. It offers entrepreneurs an idea of the hurdles of launching a successful startup in Thailand. You can filter them by industry and ranking, and add your own to the map. CORPORATE. Startup Thailand Center | National Innovation Agency 73/2 Rama VI Road, Rajdhevee, Bangkok 10400 startup@nia.co.th. In Thailand we found an active community. This progress has been fundamentally driven by a consistent stream of university graduates in a range of fields related to ICT. In addition, Techsauce is the creator … Also we had time to interview some entrepreneurs in both Bangkok and Chiang Mai. To explore investment / partnership opportunities True opportunities to build deep connections with the entire True / CP Group. The GII uses seven categories in two sub-indexes to rank countries, with a country’s relative wealth as a further determining factor in the rankings. Exploring Thailand’s startup ecosystem. You can filter them by industry and ranking, and add your own to the map. Thailand Tech Startup Ecosystem Q1 2017 สรุปข้อมูลสถิติในวงการตลอด 5 ปี จนถึงปัจจุบัน . Our on-the … 17. Startup Thailand Ecosystem. InVent invests in Datafarm, Swift Dynamics to accelerate growth of 5G in Thailand. Startup Thailand Could you give us your overall thoughts and views on how Covid-19 has changed and impacted the Thai startup ecosystem. Amarit from Hubba, one of the main connectors and promoters of the startup ecosystem in Thailand, told us that both the Government and major banks have invested nearly half a million dollars in technology, new regulations have been created and even entrepreneurship courses have been added in Colleges and High Schools. Copyright 2018 All right reserved. 1. Log into your account. This funding has gone to sectors looking to capitalizing on the digital savviness of Thai consumers. The Office of SMEs Promotion 21 TST Tower, FL.G,17,18,23 Viphavadi-Rangsit Rd., Chomphon, Jatujak, Bangkok 10900, Thailand T. 66 02 278 8800 ext.301 F. 66 2273 8850 Website www.sme.go.th E-mail info@sme.go.th Map Chaque startup sélectionnée bénéficie d’un financement total de 2,8 millions de dollars, chaque équipe pouvant recevoir de 14 400 à 43 000 dollars. Thailand has yet to see a healthier startup ecosystem than the present. cosmopolitan life and a vibrant startup ecosystem. UNIVERSITIES. The Chiang Mai startup ecosystem is ranked 2 in Thailand and 340 globally. While the future remains uncertain, one thing is clear: local heroes are needed. Read More. Browse a detailed map of 9 startups in Chiang Mai, Thailand by StartupBlink. However, in Institutions, Infrastructure and Human Capital & Research, the country is still ranking in the sixties, with the number ‘one’ being the goal. Your email address will not be published. The National Innovation Agency (NIA), which was established in 2009, plays a leading role in the development of Thailand’s innovation ecosystem by encouraging entrepreneurs to help solve grassroots economic problems through the use of technology – and to get more people in every region to launch their startups. The country is currently only showing a deficit in three of the seven categories used to compile the rankings. We also interviewed Marcos Ferrer, a Spanish entrepreneur running a startup in Thailand, you can see what he told us in this video. This is done to identify Thailand’s goals on Startup ecosystem development and on how the government sector support to … Thailand tech startup ecosystem report q2 2018 by techsauce 1. It has provided mentoring, support, guidance and in return, gained access to the startup community for the AIS corporation. The one that gets overlooked more often than not is Thailand. These cookies will be stored in your browser only with your consent. The event was hosted for 5 days at 9 different venues with support from the […] 6 July 2020. Some examples: The corporate tax is 20% and the income tax is 30%, which is not so far from the taxes we have in some European countries. That marked impressive annual growth of nearly 50%, but one deal last year blew those numbers out of the water. ThailandStartupEcosystem–Q12016 Thailand ‘Seed Funding’ Startups February 2016 27 Browse a detailed map of 9 startups in Chiang Mai, Thailand by StartupBlink. These cookies do not store any personal information. Lastly, regarding the investment in the country, you can see down these lines a small summary (for further and detailed information go to this Bangkok Entrepreneurs report): After spending a month in Myanmar between blackouts and 2 months in China suffering the blockage, Internet infrastructure is an important factor for us. STARTUP THAILAND ECOSYSTEM Exploring the world of startup. MARCH 3, 2021. It is true that eCommerce has challenges ahead (mobile payments, credit card penetration, user trust…) but there are also good points in its favor: logistic networks, good communications and an active digital consumer. Startup ecosystems are popping up all across the country and the world, with varying levels of success. Sí, usamos cookies para recoger datos de lo que hacen nuestras visitas. Thailand enjoys a strong reputation for innovation, which is sometimes unexpected for its level of development. INVESTORS. The announcement Eko closing a $20 million Series B funding was the biggest startup deal in Thailand at the end of the year. As per Thailand Market Research performed by some of the major business consultants, Thailand has a population of about 68.2 million with a This rapid rise in digitization has seen the country’s startup ecosystem benefit from an increase in funding as well. They explained in their bio how to contact them via Line if we were interested in any of their products. Thailand 4.0 is still a relatively new goal for the country; change takes time. ACCELERATORS. 1 min read. From 1 million US dollars in funding in 2011 up to 100 million in 2016. Watch later. This list provides quick insights about the sector and business model of startups so you can quickly filter for startups … In Thailand we found that Internet was fast, but just because we were coming from Laos. It includes feedback and recommendations from many involved sectors including Thai Startup entrepreneurs which are funded by both local and international Venture Capital. Instagram + Line is a winning combination. STARTUPS. The policy is initiated by National Startup Committee (NSC) in … With Todd Embley from China Accelerator, Understanding the role and challenges of young entrepreneurs in Cambodia with Rithy Thul, Startup Ecosystem in Cambodia, a young and emerging scene, [Documental] Digital Nomads: cómo es vivir y trabajar viajando, Australia: The unlikely mecca for fintech startups, Vote our #SXSW PanelPicker – GAFAM Vs BATX: The New Cold War Is Technological, What I learnt about Digital Marketing after living one year in Thailand. Tomorrow, Alibaba? But there are things to improve. The inclusion of this grouping by wealth offers more insight into a country’s performance against other countries. 18. During 2016 a major change is happening in terms of Government support and private investments. Is the startup ecosystem in Cambodia ripe for a new era of growth? We are the source for reliable, insightful news, analysis and opinion pieces on startups and corporate innovation in Thailand and SEA. On the input side of the formula, the categories include: On the output side of the formula, the categories include: The countries are grouped into four categories that reflect their wealth as a country, according to their GDP. The map showcases the domestic fintech startup ecosystem which includes startups operating in payments sector (20), blockchain (20), financial comparison (10), insurtech (9), retail investment (9), peer-to-peer (P2P) lending (8), personal finance (6), business tools (6), crowdfunding (4), financial education (3), remittances (1) and financial infrastructure (1). The data is pulled from: The GII gives entrepreneurs a firm idea of some of the hurdles they will face when launching a tech startup in Thailand, as well as some of the benefits the country provides. 5. Although Thailand is the fastest growing market in terms of eCommerce in the region, according to the president of the Thai Association of Electronic Commerce, there are some challenges ahead. As recent as 2012, funding was in single digits, which has now risen to close to 100 times that in 2020. FEATURED NEWS AND INSIGHTS. Required fields are marked *, Designed by Elegant Themes | Powered by WordPress. The PARQ, 7th Floor, West Wing, 88 Ratchadaphisek Rd Khlong Toei Khlong Toei Bangkok, Additionally, startups can also explore alternate avenues (aside from the conventional capital raising model) to secure funds they need. The continuous government support for the startup communities will make Thailand the Global Startup Hub of Southeast Asia in the near future. It is very easy for us Thai to set up a business, we do not need to register anything, we do what we want, it’s our country ! 1. THAI STARTUP ECOSYSTEM TODAY HTTP://TECHSAUCE.CO FROM 2012 FROM 2015 FROM 2017 Funded startups 3 60+ 90+ Total funds raised by Thai startups $2.1M $88.728 M+ $280.298 M+ Biggest investment round by a Thai startup $2M $10.7 $65M Total funds raised by VCs $7M+ $95 M+ $305 M+ Vcs & Corporations that invested in Thailand 1 56+ 96+ Active angel investors in Thailand 2 … Within Southeast Asia, Thailand is the second destination that receives more international tourists (2014 data), so there would be an opportunity in that. If you are going to work from any emerging country, you should, at least, know what you are going to get. Innospace Thailand เป็นศูนย์กลางในการช่วยส่งเสริมและพัฒนา Startup ไทยอย่างครบวงจร With the SEA startup ecosystem reaching unprecedented levels of growth, investors must now sell themselves and pitch to up-and-coming, promising businesses. Every entrepreneur wants to launch their startup in the best environment and business climate they can to ensure success for their company. I recently wrote about whether the startup ecosystem in Laos, Cambodia was ready for a unicorn. And Thailand is performing well in this regard. Two of the biggest changes that Mr.Sarun has observed since the start of the Covid-19 crisis are the changes in the amount of investments being put into startups and the changes in the number of deals that have been executed between startups and investors. In comparison to enpact’s last report on Bangkok in 2017, the city has seen an increase in its startup ecosystem score. OECD – Main Science and Technology Indicators, United Nations Industrial Development Organization. The Thai startup ecosystem, which includes local corporate venture capital arms, Chinese conglomerates, and the Thai government, have started to pledge fresh capital for investments in innovation. They include a high-income group, upper middle-income group, lower middle-income group and low-income group. The global enthusiasm for entrepreneurship is well represented in Thailand. Benefiting from several intrinsic advantages, the land of smile is now home to a booming ecosystem supporting and revolving around startups and entrepreneurs in the tech sector as well as in several other industries. If we had to choose two industries where Thailand has huge potential we would say: eCommerce and Tourism. This statistic alone should give the VCs and investors of Thailand confidence. In a couple of trips in BTS in Bangkok you can get an idea how people are addicted to mobile devices. Thailand ranks 50 globally among 202 countries, based on the strength of its startup ecosystem. AIS The StartUp created an important keystone for the Startup Ecosystem, as AIS was the originator of the Startup Ecosystem in Thailand since 2011, and since then has been a starting point for positive results and causing a wide ripple effect for Thailand's Digital Economy to grow not only in Thailand but also in several other countries. Startup Thailand Copyright 2018 All right reserved. 3 Reasons why we have to build ecosystem for Food/Agtech startups in Thailand. The Ministry of Science and Technology is the primary responsible unit for Startup Thailand. COWORKING. The most popular industries in Thailand are Software and Data, Fintech and Ecommerce & Retail. A pioneer investor since the starting days of the tech startup ecosystem in Thailand. The index offers a compilation of data from the past three years (2018, 2019 and 2020) that provides insight into countries investing in tech industries as a means of growing their economies. The GII is an index that ranks Thailand’s startup ecosystem. Map of Startups in Bangkok, Thailand, listed by Industry and Ranking | StartupBlink. Durian focuses on enabling business owners and founders to better expand and scale business growth sustainably. Amarit from Hubba, one of the main connectors and promoters of the startup ecosystem in Thailand, told us that both the Government and major banks have invested nearly half a million dollars in technology, new regulations have been created and even entrepreneurship courses have been added in Colleges and High Schools. To Ozzi the great advantage of Thailand is in the cost of living, but the Government should make some efforts to make the country more attractive for opening new businesses, especially for non-Thais. Thailand is currently at 44 among 131 countries around the world, which includes upper-income group countries. Together with Vietnam, Thailand is one of the growing countries in the region in terms of startups and entrepreneurial mindset. Thailand needs to make a concerted effort to improve both the quality of the education it provides and the necessary infrastructure for the startup ecosystem of Thailand to compete on the world stage. It is mandatory to procure user consent prior to running these cookies on your website. It is the OG or the original “old school” accelerator that has built relationships with numerous startups in Thailand. Research has scarcely studied software startups in Thailand, and therefore, we are interested in Thai startups’ current situation as well as the startup ecosystem. Thailand has yet to see a healthier startup ecosystem than the present. Starting out with three startups in 2011, it now rules Startup and Digital Nomad Index’s list of the best startup destinations in Asia. Durian focuses on enabling business owners and founders to better expand and scale business growth sustainably. One of the great challenges that Thailand is facing today in order to maintain this positive trend of e-commerce are mobile payments.
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