TCELS grooms startups to serve medical and healthcare Driving Thailand Asian medical hub

Thailand Center of Excellence for Life Sciences (TCELS) opens the forum “Thailand Life Sciences Startup 2018”,

to incubate rising startups fulfilling requirements of medical and healthcare industry in developing innovations to showcase capabilities of Thai developers in the international arena in the future.

Dr. Patcharaporn Wongsa, Acting Director of Industrial Strategy and Investment of TCELS disclosed that TCELS has initiated the project to support and encourage startups under the brand “Thailand Life Sciences Startup” since 2017 starting with the project “Mini Life Sciences Mentorship Program” participated by a great number of Startups. The platform has been expanded to “TCELS Life Sciences and MedTech Acceleration Program” in cooperation with business and financial sector to incubate, develop system and invest in the startups.

TCELS joins hands with MassChallenge, a US Expert in developing startup and providing business strategy consult for startup companies with innovation to enter world market, organizes the project mentor and startup bootcamp to build network of bioscience Mentors in Thailand and incubate rising star Startups in developing medical and healthcare innovation to serve industry and business in line with the policy Thailand 4.0 as well as driving Thailand to become Medical and Healthcare Hub.  The project was started in last April with application process, selection of 42 startup teams and finally 20 last teams to join the training and business capacity development before Pitching for the 10 highest score teams to win Seed Funding of 200,000 Baht for each team. The next 7 high score team wins the seats for in-depth training for international market expansion from MassChallenge.

Ms. Brittany McDonough Director of Global Partnerships MassChallenge, the expert in developing startup entrepreneurs said the company is a non-profit organization specializing in developing startups and having cooperation network with companies around the world.  We execute cooperative project to develop mentor and medical and healthcare technology startups owning technology base, readiness and high potential to rapidly enter bioscience and medical technology business. A crucial part of the project process is to find out bioscience startup teams with potential to participate in the project and support non-commitment seed fund.  Therefore, to achieve the top project goal is to grow startup. The selection by contest will stimulate entrepreneurs to be alert and create awareness in a wide range.

“We are pleased to support the contest and congratulate every team on winning Life Sciences Startup Contest 2018.  This will be a key power to drive the industry to grow with innovation development,” Ms. McDonough said.