National Innovation Agency (NIA) sets a target to be top 20 startup nation in the world, the goal is in line with a creation of 3,000 innovation-driven enterprises and 50,000 jobs by 2021.
Thailand to be propelled as “startup nation” through amendments of law, emerging Centaur startups, lure of large VC funding, joint effort with giant corporations and solidifying customer base.
The startup trend in Thailand continues to prosper while experiencing some growing pains. The National Innovation Agency (NIA) remains optimistic that Thailand will become one of the world’s great financial resources for startups with working capital exceeding 100 billion baht this year.
Four trends will affect local startups in Thailand in 2019 are: artificial intelligence (AI) for everyone, specialised blockchain and AI accelerators, mid-sized businesses being more interested in startup innovation, and the rise of deep tech startups attracting investment.