Predicting a healthy startup ecosystem

Thailand has an opportunity when it comes to tech startups by developing new models such as venture building programmes to connect aspiring entrepreneurs with skilled technologists.

- KOMSAN TORTERMVASANA

Strengthening a collaborative rather than a competitive startup ecosystem is essential to drive development of new startups in the country, said Warin Ratchananusorn, director of the Digital Startup Institute.

The institute operates under the Digital Economy Promotion Agency (depa).

He said Thai digital startups have continued to face significant challenges, including limited access to funding, a shortage of in-depth mentorship, restricted international networks, and inflexible government mechanisms.

Many traditional businesses are still unable to fully adopt digital technologies, resulting in fewer opportunities for local startups to grow and conduct real-world testing with them, said Mr Warin.