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Thailand Startup Ecosystem Q4 2015

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The Thailand Startup Ecosystem Q4 2015 Report, by Bangkok Entrepreneurs, has for ambition to provide a comprehensive overview of the current startup ecosystem in Bangkok and in Thailand as of October 2015. This is a first draft that will be updated and improved in the future. We welcome your comments and questions.

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Thailand Startup Ecosystem Q4 2015

  1. ThailandStartupEcosystem–Q42015 ©Little Photographer Thailand Startup Ecosystem V 1.0 – Oct 2015 By Bangkok Entrepreneurs
  2. ThailandStartupEcosystem–Q42015 Summary October 2015 2 Note: Click on company logos to access their website. About me………………………………………………………………….04 Introduction………………………………………………………………06 Thailand in Numbers…..…………………………………………….07 Startup Ecosystem…………………………………………….………10 Mergers & Acquisitions …………………………………………….12 Series B …………………………………………………………………….15 Series A …………………………………………………………………….17 Seed Funding……………………………………………………….......21 More Thai Startups……………………………………………………25 Foreign Startups………………………………………………………..28 Finance & Funding..……………………………………………….....32 Media & Events…….……………………………………………………37 Organizations………….………………………………………………….40
  3. ThailandStartupEcosystem–Q42015 Note: This report will tentatively be updated and published every quarter. If you think that you should be in it, please get in touch. Thank you to Arnaud Bonzom (@arnaudbonzom) and his ‘Singapore Startup Ecosystem and Entrepreneur Toolbox’ for the inspiration. Disclaimer October 2015 3 This is an informal, non comprehensive document that is meant for information only. Opinions expressed here are solely my own. Use at your own risk. Bart
  4. ThailandStartupEcosystem–Q42015 About me About me: • Background in IT Product Marketing and Digital Advertising, • Entrepreneur (Previous: Digital Agency - Current: Event Management), • Startup Founder (Failed once. Started again!), • Conference and Networking Event Organizer (Bangkok Entrepreneurs, WebMob, etc.), • Startup Advisor (New!). October 2015 4 Bart Bangkok Entrepreneurs Co Ltd
  5. ThailandStartupEcosystem–Q42015 About ‘Bangkok Entrepreneurs’ October 2015 5 Bangkok Entrepreneurs Co Ltd is an Event Management Startup based in Bangkok. Our mission is to help SMEs and Startups doing business, connect professionals and facilitate business partnerships. We organize several events and conferences in Bangkok, including Bangkok Entrepreneurs (Bangkok’s largest business networking group) and WebMob (a monthly networking event for the tech community, in partnership with Startup Bangkok). We partner with business and tech related third-party events in Thailand and SEA (Echelon, IOT Show, Crowdfunding Asia, Rice Bowl Startup Awards, etc). We also help other event organizers by providing venues, speakers and other related services. Monthly Business Event for the Tech Community http://www.meetup.com/WebMobThailand Bangkok’s Largest Business Networking Group http://www.meetup.com/Bangkok-Entrepreneurs
  6. ThailandStartupEcosystem–Q42015 Introduction October 2015 6 In the early days of 2012, when Bangkok Entrepreneurs was launched, Bangkok had no coworking space, no startup, no VC… Nothing! A bit more than three years later, it looks like every one is starting their own venture at home or with friends; there are more hot desks available than people working in IT; and money is coming from everywhere. The Thailand startup scene has changed, and for the better! The past three and a half years have seen tremendous changes in the Tech industry in Thailand and this is what we would like to show in this presentation. Our ambition with this report is to provide a comprehensive overview of the current startup ecosystem in Bangkok and in Thailand as of October 2015. We don’t pretend to be exhaustive and objective, but we do try to be accurate and fair. This report will be updated every quarter or so. If you have a comment, a question, an addition, a correction or anything else to report, don’t hesitate to get in touch. Thank you for reading. Bart
  7. ThailandStartupEcosystem–Q42015 Thailand, a leading market in Southeast Asia • 2nd Largest Economy (after Indonesia), • Strategic Location, • 2nd Tourism Destination 24.7M Tourist Arrivals in 2014 (after Malaysia with 27.4M), • Best Cost of Life / Development Ratio. October 2015 7 Source: http://data.worldbank.org/country/thailand - https://en.wikipedia.org/wiki/World_Tourism_rankings -
  8. ThailandStartupEcosystem–Q42015 Thailand, a regional hub • 6 International Airports, • Direct flights from Bangkok to all countries in Asia and most countries in Europe and North America, • Low-cost flights (NokScoot, Air Asia, Tiger Airways, etc.) and cheap ground transportation (Airport Rail Link, Taxi, etc.). October 2015 8 1hr 2hrs 3hrs 4hrs 5hrs 6hrs 7hrs Flight Time: NokScoot is a new Joint Venture of Thailand’s Nok Air and Singapore based Scoot.
  9. ThailandStartupEcosystem–Q42015 Thailand Rank in SEA • Population: 64 Million 4th after Indonesia, Philippines and Vietnam. • GDP (Nominal): 373.8 Billion 2nd after Indonesia. • Mobile Connections: 97 Million 4th after Indonesia, Vietnam and Philippines. • Mobile Penetration: 150% 2nd after Singapore. • Internet Users: 24 Million 4th after Indonesia, Philippines and Vietnam. • Internet Penetration: 37% 5th after Singapore, Malaysia Philippines and Vietnam. • Social Media Users: 32 Million 3rd after Indonesia and Philippines October 2015 9 Source: http://data.worldbank.org/country/thailand - http://www.slideshare.net/wearesocialsg/digital-social-mobile-in-2015 Thailand at a glance in Southeast Asia Southeast Asia: 11 Countries and >620 Million people
  10. ThailandStartupEcosystem–Q42015 October 2015 10 Startup Ecosystem Thai and Foreign Startups
  11. ThailandStartupEcosystem–Q42015 The Global Startup Ecosystem Ranking 2015: Bangkok is not there (yet)… But we do have some success stories! October 2015 11 Source: Compass
  12. ThailandStartupEcosystem–Q42015 Thailand Startups: Mergers & Acquisitions October 2015 12
  13. ThailandStartupEcosystem–Q42015 Thai Startup Acquired by Foreign Companies (1/2) October 2015 13 Agoda: Online Hotel Booking. • 1997: Founded by Michael Kenny and Robert Rosenstein, • 2007: Acquired by Priceline.com (USA). https://www.agoda.com/info/priceline.html Sanook.com: Web Portal. • 1998: Founded by Poramate Minsiri, • 2010: Co-owned by Tencent (49.92% for US$ 10.5 million) (China) and MIH Naspers (RSA). http://www.businessinsider.com/tencent-invests-sanook-2010-8 • 1999: Founded by Pawoot Pongvitayapanu, • 2009: Acquired by Rakuten (67%) (Japan). http://corp.rakuten.co.jp/ir/releases/pdf/2009/2009_09_30_02.pdf Tarad.com: E-Commerce. • 2010: Founded by Paul, Tom, and John Srivorakul, • 2011: Acquired by Living Social (USA). http://www.prnewswire.com/news-releases/livingsocial-acquires-three-international-deal-sites- launches-in-the-netherlands-124589548.html Ensogo: Daily Deal Site. (In No Particular Order)
  14. ThailandStartupEcosystem–Q42015 • 2007: Founded, • 2011: Acquired by Property Guru (Singapore) for THB 80 Million (US$ 2.2M). http://www.propertyguru.com.sg/property-management-news/2011/7/30846/propertyguru- acquires-thailand-s-ddproperty DD Property.com: Real Estate Portal. ThinkOfLiving: Real Estate Portal. • 2011: Founded by Beam Toranavikrai and 3 others, • 2015: Acquired by iProperty Group (Malaysia) for US $4.43 million in cash and 675,570 new ordinary shares in the iProperty Group. http://www.iproperty-group.com/news-room/press-releases/australia/thinkofliving-com- acquisition-complete-iproperty-group-now-owner-and-operator-of-thailands-number-one-real- estate-portal Thai Startup Acquired by Foreign Companies (2/2) October 2015 14 (In No Particular Order) Paysbuy: Online Payment Provider. • 2004: Founded by Aung Kyaw Moe and Somwang Luangphaibooonsri, • 2008: Acquired by Dtac (Thailand). https://www.techinasia.com/online-payment-provider-paysbuy-celebrates-10year-anniversary- plans-launch-4-services/The only one acquired by a local company!
  15. ThailandStartupEcosystem–Q42015 Thailand ‘Series B’ Startups October 2015 15
  16. ThailandStartupEcosystem–Q42015 Thai Startups: ‘Series B’ Funding October 2015 16 • 2011: Founded by Moo Natavudh and 2 others, • 2012: Series A: US$ 2 Million (Invent), • 2014: Series B: US$ 7 Million (Transcosmos) for 10% shares, • 2015: Launched Ookbee Mall, as a Joint Venture with Transcosmos. Ookbee.com: Digital Publication Platform (In No Particular Order) Current Funding: US$ 9 Million • 2011: Founded by Julien Chalte and Martin Toft Sorensen • 2014: Series A: US$ 1.5 Million from Digital Media Partners (DMP) • 2015: Series B: Undisclosed Amount from Japanese e- commerce firm Start Today Co. Ltd WearYouWant.com: E-Commerce Current Funding: Unknown
  17. ThailandStartupEcosystem–Q42015 Thailand ‘Series A’ Startups October 2015 17
  18. ThailandStartupEcosystem–Q42015 • 2010: Founded by Yod Chinsupakul and Pattrawoot Suesatayasilp, • 2013: Series A: US$ 500,000 from Japan’s Recruit Strategic Partners (RSP), • 2014: Raised another undisclosed amount from Japan’s Recruit Strategic Partners (RSP). Wongnai.com: Restaurant Review. Current Funding: Unknown Thai Startups: ‘Series A’ Funding (1/3) October 2015 18 (In No Particular Order) • 2012: Founded by Robert Zepeda, • 2012: Seed: US$ 23,000 from Adrian Vanzyl, • 2013: Seed: US$ 350,000 from Khailee Ng and Ardent Capital • 2014: Seed: US$ 770,000 from 500 Startups, Ardent Capital, Axis, Cherubic Ventures, • 2015: Series A: US$ 1.8 Million from InVent, 500 Startups and Cherubic Ventures. Playbasis: Social Engagement & Gamification. Current Funding: US$ 2.9 Million • 2012: Founded by Korawad Chearavanont and David Zhang, • 2014: Seed: US$ 1 Million from 500 Startups, TigerLabs and WaveMaker Partners, • 2015: Series A: US$ 5.7 Million from Gobi Partners. EkoApp: Enterprise communications platform. Current Funding: US$ 6.7 Million
  19. ThailandStartupEcosystem–Q42015 • 2013: Founded by Paul and Tom Srivorakul and 2 others, • 2013: Venture: US$ 3.1 Million from CyberAgent Ventures and NTT DOCOMO Ventures, • 2014: Series A: US$ 10.7 Million from Inspire Ventures, Ardent Capital and more, • 2015: Venture: US$ 5 Million from Inspire Ventures, Ardent Capital and more. aCommerce.asia: e-commerce solutions. Current Funding: US$ 18.8 Million Thai Startups: ‘Series A’ Funding (2/3) October 2015 19 Sinoze.com: Game Studio. • 2012: Founded, • 2015: Series A: US$ 750,000 from InVent.Current Funding: US$ 750,000 Computerlogy.com: Software Development and Social Media Integration. • 2009: Founded by Kamolsit Mongkolsrisawat, Jakkris Kietpermsak and Vachara Aemavat, • 2013: Series A: US$ 932,000 from InVent. Current Funding: US$ 932,000 (In No Particular Order)
  20. ThailandStartupEcosystem–Q42015 • 2013: Founded by Jun Hasegawa and Ezra Don Harinsut, • 2014: Seed: US$ 300,000 from East Ventures, • 2015: Series A: US$ 2.6 Million from SMDV, 500 Startups and others. Omise: Payment Gateway. Thai Startups: ‘Series A’ Funding (3/3) October 2015 20 Current Funding: US$ 2.9 Million (In No Particular Order) Pomelo Fashion: Online Fashion Retail. • 2014: Founded by David Jou and Casey Liang • 2014: Pre-Series A: US$ 1.6 Million from Jungle Ventures, 500 Startups and others.Current Funding: US$ 1.6 Million Priceza.com: Shopping Search Engine and Price Comparison Shopping Site. • 2010: Founded by Thanawat Malabuppha, • 2013: Series A: Undisclosed amount from CyberAgent Ventures. Expansion to Indonesia, • 2015: Expansion to Singapore, Malaysia, Philippines and Vietnam. Current Funding: Unknown
  21. ThailandStartupEcosystem–Q42015 Thailand ‘Seed Funding’ Startups October 2015 21
  22. ThailandStartupEcosystem–Q42015 Thai Startups: ‘Seed’ Funding (1/3) October 2015 22 • 2009: Founded by Patai Padungtin, Pongsawat Krishnamra and Teeraboon Ariyasuthiwong, • 2013: Seed: Raised an undisclosed amount. Builk: FREE SaaS (Software as a Service) for Construction Industry. Current Funding: Unknown (In No Particular Order) Hipflat: Real Estate Portal. • 2012: Founded by Grant Babinyan and Denis Nemtsev, • 2013: Seed: US$ 335,000 from Crystal Horse Investments, 8capita and others, • 2014-2015: Additional funding not officially announced yet. Current Funding: US$ 900,000 Page365 by Softbaked Company Limited: Social Media e- Commerce Platform. • 2012: Founded by Trumph Lusarun Silpsrikul and Prathan Thananart, • 2014: Seed: US$ 529,000 (in 2 rounds) from Galaxy Ventures and Inspire Ventures. Current Funding: US$ 529,000
  23. ThailandStartupEcosystem–Q42015 Thai Startups: ‘Seed’ Funding (2/3) October 2015 23 • 2013: Founded by Nikki Assavathorn and Tanapon Petapanpiboon, • 2014: Seed: US$ 500,000 from InVent. Infinity Levels: Game Studio. (In No Particular Order) Current Funding: US$ 500,000 TaamKru: Education Software. • ?: Founded by Keerati Inochanon and Wicharn Manawanitjarern, • 2014: Seed: US$ 620,000 from 500 Startups and others.Current Funding: US$ 620,000 Piggipo.com: One App for All Credit Cards. • 2013: Founded by Sirathorn Thamprateep, Pongchai Tangbowonweerakun and Supichaya Gak Surapunthu, • 2014: Seed: US$ 70,000 from Dtac and Ookbee. Current Funding: US$ 70,000
  24. ThailandStartupEcosystem–Q42015 Thai Startups: ‘Seed’ Funding (3/3) October 2015 24 • 2013: Founded by Phuvadol Thongthavorn, • 2015: Seed: US$ 300,000 from East Ventures, DENA and 500 Startups (500 Tuk Tuks + 500 Durians). Blisby: Online Market Place for Handmade Crafts. (In No Particular Order) Current Funding: US$ 300,000 ClaimDi.com (Anywhere to Go): Mobile App for Car Drivers. • 2000: Founded by Kittinan Anuphan, • 2014: New version of ClaimDi.com for consumers, • 2014: Seed: Undisclosed amount from 500 Startups, Golden Gate Ventures and others. Current Funding: Unknown
  25. ThailandStartupEcosystem–Q42015 More Thai Startups October 2015 25
  26. ThailandStartupEcosystem–Q42015 Some Thai Startups to Watch in 2015-2016 Passion Delivery: “Artisan Food” Delivery Service. They already got traction and are on their way to seed funding. Wishbeer: Beer Delivery Service. Echelon Thailand 2014 Most Promising Startup. Eatigo: Restaurant Booking. Runner up at TechInAsia 2015 Startup Arena Pitch Contest. (In No Particular Order) Flow Account: Cloud-based Accounting Platform. Winner at Echelon 2015 Thailand Qualifier. Playlab : Game Studio. Recent achievements: Partnership with Rovio, success with the Juice Cubes game, acquisition of Anino Games (Philippines). Prime Time: Video on Demand. 70% owned by DNA 2002, a leading home entertainment distributor. Job Nisit: Job Board for Fresh Graduates. They offer a unique feature (they match the profiles and the jobs) and have developed a strong relationship with many universities. Washbox24: Online Laundry Service. Seedstars Bangkok Winner in 2014. October 2015 26
  27. ThailandStartupEcosystem–Q42015 More Thai Startups (In No Particular Order) And many more out there! Contact us if you think you should be mentioned here! October 2015 27
  28. ThailandStartupEcosystem–Q42015 Foreign Startups in Thailand October 2015 28
  29. ThailandStartupEcosystem–Q42015 Foreign Startups Doing Well in Thailand They quickly outsmarted Easy Taxi and Uber to become the number one Taxi App in Thailand. They bought their main competitor and are rapidly expanding in the country’s major cities. They benefited from the e-commerce momentum in Thailand. They initiated the e-commerce momentum in Thailand with aggressive pricing, sales and advertising strategies. They benefited from their recent acquisition by LVMH / Sephora. Although the startup is headquartered in Hong Kong, most of the team is based in Thailand, including several Co-founders. (In No Particular Order) October 2015 29 The subsidiary of the Big C Supermarket Group is taking advantage of the booming E-commerce market.
  30. ThailandStartupEcosystem–Q42015 Foreign Startups Struggling in Thailand Easy Taxi didn’t succeed in setting up a reliable taxi fleet. After having trouble with the local government in 2014, Uber is still operating in Thailand but they are keeping a low profile. Groupon recently announced that they are ceasing operations in Thailand and 6 other countries in the world, including the Philippines. (In No Particular Order) October 2015 30
  31. ThailandStartupEcosystem–Q42015 Happy Fresh: Online Grocery Shopping, coming from Malaysia, with a lot of cash (US$ 12M Series A). Chope: Restaurant Booking Website, coming from Singapore with also a lot of cash (US$ 11.39M in 3 rounds) and a partnership with BK Magazine. Foreign Startups launching in Thailand Facebook in Thailand is nothing new, but they just opened their Bangkok Office and are currently recruiting a Country Manager for Thailand. (In No Particular Order) October 2015 31 (!)
  32. ThailandStartupEcosystem–Q42015 October 2015 32 Finance & Funding Crowdfunding, Investors, VCs, Business Angels, etc.
  33. ThailandStartupEcosystem–Q42015 Dreamaker and Dreamaker Equity Dreamaker is a Thailand-based crowdfunding platform that allows individuals or startup companies to raise fund for their project and give back products or services in return. Crowdfunding in Thailand (In No Particular Order) Launched in 2015 A local platform with regional ambitions, launched by the ‘Crowdfunding Asia’ team (Singapore). SinWattana Launched in 2015 October 2015 33 2 local Crowdfunding Platforms have just launched: Dreamaker Equity is the first equity crowdfunding in Thailand that helps startup companies to raise fund from general investors and give back equity of the company in return
  34. ThailandStartupEcosystem–Q42015 Five VC (Venture Capital) Firms based in Thailand (In No Particular Order) - Founded in 2011 (Srivorakul brothers + others), - Geography: Thailand and SEA - Investment Size: US$2,500,000 to US$12,000,000 - Investments in Thailand: Hubba, aCommerce, Moxy, Whatsnew. - Founded in 2013 by Tom Kim and Tony Williams, - Geography: Thailand and SEA - Investment Size: US$200,000 to US$2,500,000 - Investments in Thailand: aCommerce, Page365. - Founded in 2012 by Adrian Stewart, - Geography: Thailand and SEA, - Investment Size: From US$ 10,000 to US$ 500,000 - Investments in Thailand: Page365, Sokochan, Ezcommerce, Arcade Plus. - Bangkok Team Established in 2015 by Krating Poonpol and Moo Natavudh. - Geography: Thailand, - Investment Size: US$10M USD micro-fund, - Investments in Thailand: Omise, Hubba and Blisby. - Founded in 2012 (Same group as AIS Telco), - Geography: Thailand and SEA, - Investment Size: From US$ 150,000, - Investments in Thailand: Ookbee. 500 Startups October 2015 34
  35. ThailandStartupEcosystem–Q42015 (In No Particular Order) - Founded in 2010 by Dmitry Levit, - Geography: Singapore and SEA, - Investment Size: N/A, - Investments in Thailand: WearYouWant. - Founded in 2010, - Geography: SEA, Japan and USA, - Investment Size: US$300,000 to US$4M, - Investments in Thailand: Omise. - Founded in 2011, - Geography: Singapore and SEA, - Investment Size: US$500,000 to US$1M, - Investments in Thailand: Taamkru. - Founded in 2010, - Geography: Singapore and SEA, - Investment Size: US$300,000 to US$7.5M, - Investments in Thailand: Shopspot (SG based Startup). Six Foreign VC Firms Investing in Thailand - Founded in 2011, - Geography: Singapore and SEA, - Investment Size: US$1.5M to US$6M, - Investments in Thailand: Noonswoon, Hubba. - Founded in 2006, - Geography: Japan, China, Taiwan, South Korea, SEA and USA, - Investment Size: US$2.5M, - Investments in Thailand: aCommerce, Stock Radars, PriceZa. October 2015 35
  36. ThailandStartupEcosystem–Q42015 True Incube is managed by True Corporation and is partnering with 500 Startups. Every startup accepted into their Incubator program receives an investment of THB 500,000 in return for certain percentage but not less than 5% of equity Five Thailand-based Incubators and Accelerators i4-x is the first venture-backed business accelerator based in Thailand. The accelerator is backed by Expara IDM Venture Pte Ltd, a Singapore-based multi-stage venture capital firm and a number of local investment groups. TechGrind Thailand Incubator is the 1st private Technology Incubator in Southeast Asia. dtac Accelerate Batch 3 is a 4-month bootcamp that will help startups accelerate their success with world-class curricula, intensive mentoring, investment opportunity and business support from Telenor Group. The bootcamp will be running during the second half of 2015. dtac Accelerate offers support funds from THB 500,000 - 1,500,000. Consumer-centric services and enterprise solutions that leverage on mobile network services e.g. Mobile Data, Carrier Billing, Location, SMS, etc. AIS The Startup offers a THB 1 Million Reward! October 2015 36 (In No Particular Order)
  37. ThailandStartupEcosystem–Q42015 October 2015 37 Media & Events Media, Communication, Conferences and Events.
  38. ThailandStartupEcosystem–Q42015 Local Tech Media Tech Blog Techsauce is an association between the ‘Thumbsup’ and ‘Hubba’ teams. Most articles are in Thai. Some are in English or Japanese. Tech Blog All articles are in Thai. These foreign media are also covering Thailand’s Tech industry news: Tech Blog Most articles are in Thai. Some in English. October 2015 38 (In No Particular Order)
  39. ThailandStartupEcosystem–Q42015 October 2015 39 Tech Events and Conferences Monthly Events: - Bangkok Entrepreneurs* Weekday (Evening) In English - La French Tech First Wednesday (Evening) In English - TechOpen Coffee Meetup Fourth Tuesday (Morning) In English - Web Meetup Weekday (Evening) In English - WebMob Weekday (Evening) In English Every 6 months or so: - Mobile Monday Monday (Evening) In Thai and English - Web Wednesday Wednesday (Evening) In Thai and English Yearly Events: - Echelon Thailand Weekday (2 full days) In English - Start it up, Power it up Saturday (All day) Mainly in Thai - Zocial Awards Wednesday (Evening) In Thai Startup Competitions: (once a year or more) *’Bangkok Entrepreneurs’ is sometimes a Tech Event with Speakers from Agoda, Google, Microsoft, etc. (In Alphabetical Order)
  40. ThailandStartupEcosystem–Q42015 October 2015 40 Organizations Coworking Spaces, Clubs, Associations, Government Agencies, etc.
  41. ThailandStartupEcosystem–Q42015 Sukhumvit Area: Sukhumvit Line Bangkok Coworking Spaces Nana Asok Phrom Phong Thong Lo Ekamai Silom/Sathorn Area: Silom Line Siam Ratchadamri Silom SurasakChong Nonsi October 2015 41 (By location) Most Coworking Spaces are located in one of the two main business areas of Bangkok, near a subway or sky train station:
  42. ThailandStartupEcosystem–Q42015 October 2015 42 Organizations and Associations C-Asean: C-Asean is a business community, an event organizer, a venue for third-party events, and more. Thailand Tech Startup Association: Association of Thai Tech Startup led by Patai Padungtin (Builk) Startup Bangkok: Community of young Thai Entrepreneurs. They organize Tech events and co-run an accelerator program for startups. The Startup Club (New!): An exclusive group for Startup founders and co-founders to meet and exchange experience and challenges.The Startup Club Thaiprogrammer.org: The Thai Programmer Association of Thailand. Hubba Thailand: A community of startups built around the coworking space. They organize events and training for startups. (In No Particular Order) Thailand Startup Review: Source of information on the Thai Startup scene.
  43. ThailandStartupEcosystem–Q42015 October 2015 43 Education (Startup-focused programs) Sasin Graduate Institute of Business Administration: MBA, Executive MBA, Entrepreneurship Course, Startup Events, etc. ICE (Institut for Creative Economy) by Bangkok University: Organizes Seminars and Workshops and provides Resources for Startups. Disrupt University: Proposes a program based on actual classes taught at Stanford University (USA) and hands on workshops with Startup advisors. (In No Particular Order)
  44. ThailandStartupEcosystem–Q42015 October 2015 44 Governmental Organizations and Initiatives (1/2) Thailand Board of Investment: Supports business and investments in Thailand and grants special incentives to companies that meet their requested criteria. Thailand Science Park: “The most attractive location in Thailand to invest in your research, development and innovation activities”. The National Science and Technology Development Agency (NSTDA) locates its headquarter and its 3,000 employees in Thailand Science Park. (In No Particular Order) Software Park: Software Park Thailand offers office facilities for software companies as a part of our effort to create a software cluster and thereby allow for the exchange of experience, ideas and for forging new business alliances and technology transfer. Smart Thailand, by the Information and Communications Technology Ministry (ICT): Smart Thailand is part of the national ICT framework called 'ICT2020', a development blueprint for the country that will lead and guide all parts of the economy, especially the government sector, to move forward with ICT development. Read more here.
  45. ThailandStartupEcosystem–Q42015 October 2015 45 Governmental Organizations and Initiatives (2/2) EGA: “The Electronic Government Agency (Public Organization) takes the roles to develop and integrate information and communication technology systems to achieve establishing e-Government which is the country's key strategy to effectively leverage government’s capabilities of management and public service systems.” (In No Particular Order) SIPA: Software Industry Promotion Industry. Note: They do not provide any information in English on their website. ETDA: Electronic Transactions Development Agency. Note: They do not provide any information in English on their website. NIA: “The National Innovation Agency undertakes a broad-based and systematic approach in facilitating innovation development in Thailand, both in terms of making improvements and pioneering new initiatives. More precisely, NIA focuses on fostering strategic innovation and sectoral-industry innovation, which enhances national productivity, encourages economic restructuring and social development as well as promoting national competitiveness. NIA also focuses on coordinating industrial clusters both at the policy and operational levels, promoting innovation culture and building up innovation systems, with a broader aim to transform Thailand into an innovation-driven economy.”
  46. ThailandStartupEcosystem–Q42015 Thank you. To be continued… Stay tuned! October 2015 46 Other Startup Reports in Southeast Asia: Singapore Singapore Startup Ecosystem and Entrepreneurs Toolbox Malaysia Malaysia Innovation Ecosystem and Startup Scene Philippines Philippines Startup Report Vietnam The Definitive Guide to the Vietnam Startup Scene

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