4 July 2017
THAILAND: US$147 Million Fund Open to Digital Entrepreneurs and Start-ups
A five-billion Baht (US$147million) Digital Economy Fund has been established to support digital entrepreneurs and start-ups across the country. With the first funds set to be allocated in September 2017, the move comes as part of a wider government initiative to establish Thailand as a regional leader in the digital economy.
In line with this, the country’s newly-established Ministry of Digital Economy and Society has identified four sectors as having the greatest start-up potential – automotive, healthcare, tourism and agricultural. The Ministry is also looking to issue special start-up visas to foreign experts, allowing them to work with emerging businesses across the country and to participate in much-needed R&D activities.