NIA teams up with True Digital Park to launch Bangkok CyberTech District

National Innovation Agency (Public Organization), or NIA, in collaboration with True Digital Park uplift Punnawithi zone into “Bangkok CyberTech District” along with the launch of the first Startup Thailand Centre to providing diverse services and benefits as well as facilities to attract startups, investors and talents from around the world to invest and set up their business operations in Thailand.

According to Suwit Maesincee, Minister of Science and Technology, the launch of Bangkok CyberTech District, is an important milestone that reflects successful public-private cooperation in Southeast Asia. “We are certain that this designated area will be a game-changer for Thailand’s economy and help improve the competitiveness of start-ups and SMEs, which will in turn, contribute to Thailand becoming both a technology hub and an innovation society”.

NIA Executive Director Pun-Arj Chairatana said Bangkok CyberTech District will not only serve as a center for digital innovation and support the next-generation workforce that is connected and in tune with more digital lifestyles, it will be a comprehensive innovation district offering a complete ecosystem that supports start-ups in Southeast Asia, attracting both domestic and international businesses to Thailand. This includes capital, knowledge and people, to help businesses thrive in the right environment and be able to compete globally.

“Bangkok CyberTech District also serves as a landing pad for foreign startups and launching pad for Thai startups,” he said.

The NIA and True Digital Park is working with a network of partners to continuously develop the Bangkok Cyber Tech District project. NIA will set up a Start-up Thailand Centre on a 200 square-meter space to provide unrivalled facilities for Thai and foreign startups to set up their businesses in Thailand. The centre will include a co-working and event space, private offices and a special platform to promote and support new start-ups, helping them to succeed at the international level. The objective is to encourage and develop increased know-how among the talented workforce, but also to integrate the old and new economy and drive technological advancements. In next three years, there will be over 100 global startups active in the district generating more than 3,500 million baht in income. We believe these will contribute to better employment opportunities, long-term economic growth, and an improved perspective of Thailand’s contributions to the digital space.

Mr. Thanasorn Jaidee, President of True Digital Park, said True Digital Park is considered the largest digital innovation hub in Southeast Asia which will support 20,000-30,000 startups.

Partnering with the NIA in the Bangkok CyberTech District has reflected concrete approach to transform this district into a center for digital innovation, development and growth for startups as they are crucial to ensuring that Thailand’s digital economy succeeds and is competitive internationally. This will ensure a complete ecosystem under the concept of Open Innovation, which supports multinational tech companies, startups and entrepreneurs, VC and investors as well as public agencies. The result will be the transfer, sharing and integration of knowledge in the digital sphere within an ideal environment that contributes to innovation, operational support and a digital-centric lifestyle.