The Digital Economy Promotion Agency (DEPA) is offering financial support to Thai digital startups across key sectors, allocating up to 1 million baht per project. The “D-startup” initiative, functioning as an “angel fund,” targets early-stage startups, with an application window open until June 30, aiming to boost Thailand’s digital industry and enhance competitiveness.
9 January 2024 – In a strategic move to foster international growth, the Digital Economy Promotion Agency (DEPA) is set to provide substantial financial backing to emerging Thai digital startups across eight pivotal sectors. Announced by government spokesman Chai Wacharonke, the DEPA Digital Startup Fund is earmarking up to 1 million baht for 15 early-stage projects within state services, healthcare, tourism, agriculture, education, services, finance, and smart cities.
Operated under the nomenclature “D-startup,” this initiative functions as an “angel fund,” welcoming applications from individuals or companies with a registration tenure of no more than three years. Building on past support for 160 Thai digital startups, yielding over 15 billion baht in revenue, the newly launched “D-startup” project aims to propel more digital enterprises in developing market-ready products and services. Emphasizing the importance of backing startups, Prime Minister Srettha Thavisin underscores the role of technology and innovation in enhancing Thailand’s competitiveness. – ref: ANN
