Jump to content

Government Plans to Support Deep Tech BCG Startups


snoop1130

Recommended Posts

6afb5d5168aca87b7826aa548577cd17_small.jpg

 

BANGKOK (NNT) - The government plans to support the establishment of deep technology startups, particularly those related to the bio-circular-green (BCG) economy which aligns with the government’s economic policy.

 

According to the executive director of the National Innovation Agency (NIA) Pun-arj Chairatana, the agency will support the development of innovative startups in order to strengthen Thailand’s economy. The NIA will prioritize businesses related to deep technology or BCG models in key areas including food, agriculture, and medicine.

 

Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe

 

Deep tech businesses differ from general startups in that they provide technological or scientific solutions after lengthy research and development. Deep tech startups’ products have a clear potential value to society’s solution and are difficult to replicate.

 

The Board of Investment (BoI) has said it will provide a subsidy to companies for the cost of hiring talent. Each company will receive approximately 5 million baht in assistance. The financial support is in accordance with the government’s 2017 law on the development of the country’s competitiveness through targeted industries.

 

The executive director added that the NIA hopes to establish 100 deep tech startups in Thailand by 2025, with at least 65 of these firms being deep tech BCG companies.

 

nnt.jpg
-- © Copyright NNT 2022-03-11
 

- Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Link to comment
Share on other sites

14 hours ago, snoop1130 said:

The government plans to support the establishment of deep technology startups, particularly those related to the bio-circular-green (BCG) economy which aligns with the government’s economic policy.

:coffee1:

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""