Startup Thailand 2016 receives “beyond expectation success”, says MOST

BANGKOK, 3 May 2016 (NNT) – The Ministry of Science and Technology (MOST) proclaims success in organizing the Startup Thailand 2016 activity, aiming to hold similar activities nationwide to encourage the development of startup businesses as the nation’s key economic driver.

The Minister of Science and Technology has revealed that the Startup Thailand 2016 activity held during 28 April - 1 May 2016 has concluded and succeeded beyond expectations, with 36,000 attendees and participants from startup businesses attending to exchange information with one another.

He has said the activity was able to fully educate the concept of startup businesses, while entrepreneurs also received support and cooperation from financial institutes in the activity.

The MOTS will be extending this activity to local areas across the country, and all ministries are intended to further develop the related startup projects, and cooperate with education institutes to help encourage the next generation to fully utilize the opportunities of startup businesses in order to push forward the industry as a key economic driver.

The Minister of Science and Technology has added the government is willing to provide full support to startup businesses as they show a potential to develop continuously.


-- NNT 2016-05-03

Startup Thailand 2016 receives “beyond expectation success”, says MOST

BANGKOK, 3 May 2016 (NNT) – The Ministry of Science and Technology (MOST) proclaims success in organizing the Startup Thailand 2016 activity, aiming to hold similar activities nationwide to encourage the development of startup businesses as the nation’s key economic driver.

The Minister of Science and Technology has revealed that the Startup Thailand 2016 activity held during 28 April - 1 May 2016 has concluded and succeeded beyond expectations, with 36,000 attendees and participants from startup businesses attending to exchange information with one another.

He has said the activity was able to fully educate the concept of startup businesses, while entrepreneurs also received support and cooperation from financial institutes in the activity.

The MOTS will be extending this activity to local areas across the country, and all ministries are intended to further develop the related startup projects, and cooperate with education institutes to help encourage the next generation to fully utilize the opportunities of startup businesses in order to push forward the industry as a key economic driver.

The Minister of Science and Technology has added the government is willing to provide full support to startup businesses as they show a potential to develop continuously.

-- NNT 2016-05-03

Fact

Ongoing study shows that motivations for starting a business are complex and that motivations other than the traditional opportunity-driven and necessity- driven distinction are more closely related to business survival and success so the appeal of this project imho is a non-starter.

Given that, in order to achieve this a Thai has to get out of bed first !!!!!!

Just saying ............

I wonder how many aer actual start ups businesses and how many aer people starting something just to get the cash

If their success was measured on their ability to organise events, they have probably done spectacularly well, if however, if measured by actually achieving anything beneficial, probably not so much.

Good for them if they got 36,000 attendees. It shows a high level of interest.

However. It is a long and hazardous road between the opening seminar and turning a profit. I hope the MOST truly has support in place. Also, I hope they are collecting data.

This may fly against the Thai propensity for glitzy launches and poor follow-up.

By all means help them get started but educate them on what are business funds and personal funds, otherwise we will see record failure rates.