The Board of Investment of Thailand (BOI) has introduced a new fund to offer financial assistance of 20 million to 50 million baht to Thai startups in specific industries. This fund will match the amount received from venture capital funds by the startups. The aim is to support and stimulate the growth of the startup ecosystem in Thailand.
The initiative by BOI is a part of efforts to boost the startup sector in Thailand and encourage innovation and entrepreneurship. By providing financial support to startups in targeted industries, the fund aims to help them scale up their operations and compete on a global level. This will also contribute to the overall economic development of the country.
This new funding opportunity from BOI is expected to be beneficial for Thai startups looking to expand and grow their businesses. It will provide them with the necessary capital to develop their products and services, as well as access new markets. The support from the fund will enable startups to achieve sustainability and success in their respective industries.
Source link : Thailand’s startups to benefit from new BOI fund
