The Thai startup community has launched the "Thailand Accelerator" project, aimed at bringing more qualitative talent startups to scale and fostering growth in the startup ecosystem. The project targets firms from seed to the pre-Series A funding round.
At least US$5 million is expected to be allocated for investments in 10 startups.
Oranuch Lerdsuwankij, founder and chief executive of Techsauce Media, a key partner in the project, said Thailand has seen 36 deals worth $530 million for startup investments this year. The number of deals has fallen by half from last year.
