NIA targets startups for global expansion

Quick Summary:

The National Innovation Agency (NIA) is teaming up with the Federation of Thai Industries (FTI), the Board of Investment (BoI), and international partners to help local startups enter the global market through investment mechanisms and launching pads.

"By collaborating with other funding agencies for seamless matching funds in different stages of business and to avoid redundant investments, this will strengthen local startup capital and increase their competitiveness at the international level," said Ms Krithpaka.

In fiscal year 2025, the NIA is expected to receive 70 million baht for its "recoverable grant" under its corporate co-funding scheme, and around 100 million baht for promoting soft power innovation.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaCubaHong KongJapanSouth KoreaLithuania

Topics: Million Investment Market Hong Krithpaka Kong Local Global Startups Innovation Baht

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 04:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 662 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22338466

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